Fisa calls on banks to focus on bank accounts of clients who have passed away
Practitioners can get authority from the Master’s Office within weeks but battle for months for a response from some of the banks.
Industry News
Funeral insurance – a product for the poor, or is it?
Statistics indicate that 42% of South Africans had funeral cover in 2021, down from 53% in 2019. This is surprising considering that the pandemic increased claims, as well as people’s fear of death, the world over and significantly impacted the funeral insurance market and the claims environment.
10% off your fees if you register with MBSE before 12 December
This special offer applies to five of MBSE’s qualifications in 2023.
How much more income-earners must spend to close the insurance gap
Alternatively, how much less households will have to spend following the loss of a breadwinner.
Under-insurance is greatest among those under 30
Yet younger income-earners will have to rely on insurance benefits for longer.
Godongwana appoints permanent FAIS Ombud
This comes after nearly three years of having an acting ombud.
Sanlam and MTN’s financial services alliance gets the nod
The partnership will be implemented through MTN’s insure-tech platform, aYo Holdings.
Retirement fund members at ‘serious risk’ of losing R470 million in assets
Statutory manager says N-e-FG Administrators transferred money to third parties without the required mandates.
Important expenses not factored into the medium-term budget
A major concern is the contingent liability guarantees of municipalities and some of the state-owned enterprises.
Adjudicator takes retirement funds to task for ‘unnecessary’ complaints to her office
Delays in payment of withdrawal benefits and employers’ failure to pay contributions continue unabated, says Lukhaimane
Grey-listing: what are the implications for the financial sector and the greater economy?
It will become increasingly difficult to invest offshore, even for the wealthiest investors, says Anchor Capital.
Godongwana appoints permanent Chief Ombud
Leanne Jackson contributed to developing key financial sector legislation, including the Conduct of Financial Institutions Bill and TCF.
What medical schemes paid in broker commissions in 2021
Seven schemes paid commissions that were higher than the industry average.
Sabric’s crime stats lift the lid on fraudulent loan applications
Big jump in the number of fake applications for vehicle finance.
Judge ‘unscrambles an egg’: 20 years of property sales reversed
It started in 2001 when a bank bought the house for R100.
MTBPS: positive and prudent, but significant risks remain
Investors are likely to see the deficit and debt trajectories as tentative, given the risks that remain unresolved.
SA still has a chance of avoiding grey-listing, says Momoniat
‘Significant and real progress’ is being made in meeting the Financial Action Task Force’s requirements.
