Private Sector joins Government in Vaccination race
A Fin24 article relates how the private sector has joined the race to get the nation to herd immunity status as soon as possible. “As South Africa races against time amid a wildly […]
Industry News
Are insurers the only bad guys when it comes to Covid-19 BI claims?
A prominent article in my early morning paper contained rather scathing comment on the short-term insurance industry, claiming that it was making a profit while its clients were languishing because their claims were […]
Are insurers the only bad guys when it comes to Covid-19 BI claims?
A prominent article in my early morning paper contained rather scathing comment on the short-term insurance industry, claiming that it was making a profit while its clients were languishing because their claims were […]
Do I need to file an income tax return for the 2021 tax year?
Filing season opened on 1 July 2021, with a significant number of taxpayers being assessed automatically. Key dates to diarise: 1 July to 23 November 2021 – for non-provisional taxpayers filing online. 16 […]
Firm sues broker for neglecting to effect business interruption cover
A Cape Argus article dated 24 June 2021 relates the details of a short-term insurance client who is suing his broker for negligence in failing to effect insurance against business interruption, leading to […]
Sanlam Benchmark Survey notes impact of COVID-19 on retirement in SA
Some of the highlights from survey concerns suspended contributions, a decrease in fund members and greater focus on wellness. It also notes the impact of the default regulations introduced in 2019. Suspended contributions […]
Sanlam Benchmark Survey notes impact of COVID-19 on retirement in SA
Some of the highlights from survey concerns suspended contributions, a decrease in fund members and greater focus on wellness. It also notes the impact of the default regulations introduced in 2019. Suspended contributions […]
Legally sanctioned, but morally justifiable?
“There is something that has been bugging me since 2004”, writes Andró Griessel on the Netwerk24 website, “and that is the so-called early termination charges on contractual savings plans.” (My translation) Griessel states […]
Regulatory exams: Some good news and some not so good news
A number of changes to the General Code of Conduct for Authorised Financial Services Providers and Representatives become effective on 26 June 2021. The not so good news We reported on these changes […]
SCA rules for insurer after cancellation of life policy
Legalbrief Today reports as follows: When Johannesburg resident Susan Church decided to cancel her insurance policy from Discovery Life Ltd, she had no inkling of the events that were to befall her six […]
SCA rules for insurer after cancellation of life policy
Legalbrief Today reports as follows: When Johannesburg resident Susan Church decided to cancel her insurance policy from Discovery Life Ltd, she had no inkling of the events that were to befall her six […]
A call for preservation of all retirement funding contributions
In the wake of calls from unions for legislation to be changed to allow workers to access their pension fund contributions in times of financial distress, other voices call for stronger measures to […]
A call for preservation of all retirement funding contributions
In the wake of calls from unions for legislation to be changed to allow workers to access their pension fund contributions in times of financial distress, other voices call for stronger measures to […]
Collusion to no avail
An applicant who was debarred after being found guilty of fraud and dishonesty appealed to the Financial Sector Conduct Authority for a reconsideration of the decision. The applicant “attacked the process of debarment” […]
List of recognised qualifications updated
The formal “Lists of Qualifications Recognised for Financial Services Providers, Key Individuals and Representatives, 2021” came into operation on 31 May 2021. This replaces its namesake for 2020. The list contains approved qualifications […]
Amended Customary Marriages Act a significant step towards equality for women
On 1 June this year, President Cyril Ramaphosa approved the amended Customary Marriages Bill. This is a significant step towards equality for women in South Africa. Moremadi Mabule, Head of Wills at Sanlam […]
Can a Covid-related death be claimed under accidental death benefits?
The 2020 LT Ombud annual report notes an increase in complaints regarding accidental death policies. “These policies are generally sold by means of direct marketing, without advice*. Consumers buying life policies assume that […]
