FSCA investigations and enforcement
– New faces and new powers In Afrikaans there is a saying:“nuwe besems vee skoon” – “new brooms sweep clean” which implies that new employees often bring change or renewal to business. Is […]
Industry News
FAIS Ombud settlements – An added education aid for financial advisers
In a recent media release the Office of the FAIS Ombud shared its commitment to resolve complaints in a procedurally fair, informal, economical and expeditious manner, with reference to what is equitable in […]
FAIS Ombud settlements – An added education aid for financial advisers
In a recent media release the Office of the FAIS Ombud shared its commitment to resolve complaints in a procedurally fair, informal, economical and expeditious manner, with reference to what is equitable in […]
CMS Circular 18 of 2019: Status update on Demarcation Regulations and a Low-Cost Benefit Package
The current exemption of indemnity products that are doing the business of a medical scheme expires on 31 March 2019. Entities that were granted exemption on their indemnity products in 2017, should submit renewal applications, […]
High insurance cost of veldfires
– Preventative measures can reduce the spreading and damage to property “Extremely high fire danger conditions are expected over the interior of the Northern Cape, Little and Central Karoo of the Western Cape, […]
Repeat offender Model Insurance – Bad reflection on industry
“En nog is dit het einde niet” – a Dutch saying translated into English as “it is still not the end”. This could be said of the Model Insurance Company, an unlicensed insurer […]
Default regulations for retirement funds – Applicable from 1 March 2019
The Minister of Finance issued the Default Regulations with effect from 1 September 2017. The Default Regulations prescribe conditions for default investment portfolios, default preservation and portability, and annuity strategies for funds. All new default […]
Default regulations for retirement funds – Applicable from 1 March 2019
The Minister of Finance issued the Default Regulations with effect from 1 September 2017. The Default Regulations prescribe conditions for default investment portfolios, default preservation and portability, and annuity strategies for funds. All new default […]
Trust in financial services still low – Survey reveals critical factors
Companies in the financial services sector were again the least trusted among industries, according to the latest annual Edelman Trust Barometer, which has been measuring trust in business, NGOs, government and the media […]
Trust in financial services still low – Survey reveals critical factors
Companies in the financial services sector were again the least trusted among industries, according to the latest annual Edelman Trust Barometer, which has been measuring trust in business, NGOs, government and the media […]
Don’t leave your client in the dark – SAIA advice for your clients
Earlier this month the whole of South Africa was impacted by load shedding. South Africans were scrambling to keep up to date with load shedding phases and schedules to ensure they have gas, […]
Don’t leave your client in the dark – SAIA advice for your clients
Earlier this month the whole of South Africa was impacted by load shedding. South Africans were scrambling to keep up to date with load shedding phases and schedules to ensure they have gas, […]
FSCA fines Product Provider R30 000
– Timely warning to industry about new advertising regulations Section 106(a) of the Collective Investment Schemes Act No.45 of 2002 states: No person may make a statement or disseminate information which he or […]
FSCA fines Product Provider R30 000
– Timely warning to industry about new advertising regulations Section 106(a) of the Collective Investment Schemes Act No.45 of 2002 states: No person may make a statement or disseminate information which he or […]
Budget 2019 – Insurance industry sees substantial changes in tax legislation
Alwina Brand, PwC Tax Partner was recently quoted in a Business Report article where she shared that the insurance industry has seen a number of substantial changes to tax legislation over the past […]
Budget 2019 – Insurance industry sees substantial changes in tax legislation
Alwina Brand, PwC Tax Partner was recently quoted in a Business Report article where she shared that the insurance industry has seen a number of substantial changes to tax legislation over the past […]
Amended supervision requirements – Formal agreement now a necessity
FSCA’s FAIS Notice 86 of 2018, the Exemption of services under supervision, came into effect on 1 February 2019, except for certain conditions, like the supervision agreement that was delayed until 1 March 2019. Supervision agreement It […]
