Misrepresentation on proposal form
– Impact on insurer’s risk assessment Detail in recording risks is critical at the inception of any insurance proposal as this may impact on a number of areas, including future claims under such […]
Compliance and Legislation
FS Tribunal rules on late withdrawal of appeal
The introduction of the Financial Services Tribunal (FST) created a platform for the reconsideration of decisions by any decision-maker in the financial services sector. With the establishment of the Tribunal the prediction was […]
FS Tribunal rules on late withdrawal of appeal
The introduction of the Financial Services Tribunal (FST) created a platform for the reconsideration of decisions by any decision-maker in the financial services sector. With the establishment of the Tribunal the prediction was […]
Tribunal Debarment decisions – Why the increase?
Over the last few months we have seen an increase in debarment cases placed before the Financial Services Tribunal for reconsideration. Why? Has there been an increase in debarments? Has many of these […]
Proposed tax changes – What South Africans may expect
In a recent BusinessTech article, Jerry Botha, managing partner of Tax Consulting SA outlined five possible tax changes that South Africans should know about. National Health Insurance and medical aid credits There are […]
Business or commercial insurance?
Business or commercial insurance? – Advisor’s duty to ensure clients are correctly covered The conundrum of business vs commercial vehicle insurance is once again showcased in one of the most recent determinations issued […]
Business or commercial insurance?
Business or commercial insurance? – Advisor’s duty to ensure clients are correctly covered The conundrum of business vs commercial vehicle insurance is once again showcased in one of the most recent determinations issued […]
FSCA Directive 8 – Prohibition on the acceptance of gratification
The recently published FSCA Second Quarter Bulletin 2018/2019 provides feedback on the FSCA’s regulatory update session at the recent Institute of Retirement Fund Association Conference. The directive is based on the general principle […]
POPI – More regulations published
The Information Regulator in SA published the final Protection of Personal Information (POPI) regulations on 14 December 2018. The purpose of the POPI Act is to ensure all South African institutions conduct themselves in a […]
How to apply the default regulations by retirement funds
PFA guidance notice no. 8 of 2018 – How to apply the default regulations by retirement funds As a result of several enquiries on the application of the Default Regulations by retirement funds, […]
NHI Bill Update – will it reach Parliament as scheduled?
“Critics will do anything to stop NHI Bill, says Health Ministry” “Call to stop ‘substantively amended’ NHI Bill” “Party to seek legal advice on NHI rush job” These headlines are just a few […]
Draft Conduct Standard for default living annuity options
The Financial Sector Conduct Authority (FSCA) has released a draft conduct standard proposing new maximum drawdown rates determined by age band and gender for default annuities or monthly pensions offered by funds. The […]
Medical Schemes Amendment Bill – How it might impact premiums
Medical Schemes Amendment Bill – How it might impact premiums Under the heading, Bill ups medical scheme costs for over-34s, Legalbrief Today recently reported as follows: “Medical scheme premiums may increase by more […]
Legalisation of usage of dagga
Legalisation of usage of dagga – Currently more industry questions than answers Lots of questions are being asked as a result of a recent Constitutional Court ruling that effectively legalised personal possession and […]
Underwriting at claims stage – National Treasury raises concerns
When it comes to insurance, the payment of claims is top of mind for most clients. Ultimately risk cover is there to protect a policyholder when the unexpected happens. It is therefore concerning […]
Low cost medical insurance plans outlawed
Under the heading, Discovery may go to court after CMS bans products, Legalbrief Today reports as follows: “Discovery Health (Pty) Ltd may turn to litigation after the Final Board of Appeal of the […]
NHI project on backburner – a return to sanity
National Health Insurance project on backburner – a return to sanity It appears that rational thinking is making a slow but sure comeback, judging by a recent Fin24 report summarised in Legalbrief Today: […]
