Farewell Caroline – Da Silva’s resignation will leave big boots to fill
All in a manner of speaking, of course. This delicate and gracious lady made a huge impact during her seven years at the FSB and later FSCA. One always felt, in dealing with […]
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High Court orders insurer to reconsider unfair debarment carried out in 2016
The applicant only became aware in May last year that the decision to debar her constituted administrative action.
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Contingent Business Interruption – FSCA seeks declaratory order
Further to previous publications by the Financial Sector Conduct Authority (FSCA) on the problematic issue of Contingent Business Interruption (CBI), the Authority has now published details of its letter to non-life insurers on […]
Contingent Business Interruption – FSCA seeks declaratory order
Further to previous publications by the Financial Sector Conduct Authority (FSCA) on the problematic issue of Contingent Business Interruption (CBI), the Authority has now published details of its letter to non-life insurers on […]
OM Saving & Investment Monitor – The future does not look too rosy
The 2020 Old Mutual Savings & Investment Monitor shows that a staggering 58% of South African households are facing high or overwhelming financial stress as the Covid-19 crisis knocks savings and raises debt […]
Sanlam’s Benchmark Survey – Significant impact of Covid-19
“A key thing that emerged across the 2020 Sanlam Benchmark research was that the focus of institutional retirement funding will shift from engaging members themselves. This is consistent with the Mega trend of […]
Requirements for re-opening your business – Moonstone developed comprehensive set of guidelines
The phased reopening of South Africa’s economy after COVID-19 lockdown comes with strict requirements. Every business will have to adhere to detailed health and safety protocols to protect their employees, and plans will […]
Life cover options – Keep client informed of options
In his latest address to the nation, the President said some economic activity will be allowed to resume, subject to extreme precautions to limit community transmission and outbreaks, and some businesses will be […]
Online learning – The new normal
We have now entered an era where online education is the new norm. Over the last few weeks many of us have been seeking out possible online resources, not just to improve our […]
The potential impact of COVID-19 on household financial wellness in SA
While most of the focus has been on how COVID-19 has impacted corporates, little light has been shed on how this will affect household financial wellness in SA. Johann van Tonder, Economist and […]
FSCA provides guidance on essential services to the FIA
The Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) have received a number of queries regarding the treatment of financial services as essential services. The following information is extracted from a […]
COVID-19 – CMS pronounces COVID-19 as PMB
The Council for Medical Schemes (CMS) has announced that all cases of COVID 19 will be regarded as a Prescribed Minimum Benefits (PMB) condition, and should be funded in full in line with […]
Where does the National Lockdown leave FSPs?
Annexure B to the supplementary regulations published in respect of the National Lockdown includes the term “Insurance services” in the list of essential services. This term is unfortunately not defined anywhere further in […]
Revolutionary new approach to retirement planning – Focussing on the present rather than the future
Researchers at Stellenbosch University have come up with a novel approach in how we tackle retirement provision. It looks at the here and now, rather than make guestimates about an uncertain future. At […]
Coronavirus and medical schemes – What are the implications?
“Coronavirus is yet to test the rules of medical schemes,” Michelle David, Director at Norton Rose Fulbright South Africa Inc recently stated in an article where she weighs in on the implications of […]
Pension Benefits – Permissible deductions where fraud is alleged
A recent determination by the Financial Services Tribunal concerned the PFA’s order to release withdrawal benefits to employees. The employer challenged this decision as it originally withheld the benefits based on a disciplinary […]
Low Cost Benefit Options and Demarcation – BHF also criticises announcements
The announcement by the Council for Medical Schemes (CMS) that no primary health insurance plans and low-cost benefit packages would be permitted after March 2021 was met by severe criticism from the industry. […]
