FAIS Ombud highlights FSPs’ obligations when a policy is replaced
The complaint arose because the policyholders were under the impression the new policy had retroactive cover.
COFI Bill approved for submission to Parliament
Omnibus AML/CFT Bill also gets the nod for tabling.
PG Diploma in Financial Planning: top achievers of 2023 share how they succeeded with MBSE
Moonstone Business School of Excellence reports record enrolments for its online qualifications.
FSCA extends the duration of three exemption Notices
The exemptions relate to the audit report and liquidity requirements, juristic representatives, and professional indemnity or fidelity insurance cover.
‘Courts should not simply rubberstamp punitive costs orders against defaulting consumers’
Judge says the courts have a duty to assess whether contracts do not offend against constitutional principles, as well as the NCA and the CPA.
SA Reserve Bank fines Grindrod Bank R10.73m for FICA non-compliance
The administrative sanctions are the result of an inspection conducted by the Prudential Authority three years ago.
South Africans rally behind local businesses
Santam’s Most Loved Local Report identifies a shift in consumer priorities, as good overall experience and value for money take centre stage.
‘Full implementation’ of NHI will consume a quarter of GDP – cost analysis
‘Real insurance would be achieved if unambiguous private healthcare insurance were fully decriminalised.’
Heading out for the holidays? Avoid alerting thieves that your home is empty
As criminals become more sophisticated in employing technology to plan burglaries, posting travel plans online in real-time might invite trouble, the Information Regulator warns.
Consumers must be aware of the high risks of online trading, says FAIS Ombud
The Ombud was unable to help a complainant who lost most of the R725 000 he invested over several months.
FSCA warns the public of potential pyramid scheme
The Authority also alerts the public to an unauthorised entity that is promising unrealistic returns from forex trading.
CMS publishes list of approved medical scheme options for 2024
According to the circular, the regulator has approved the launch of only one new option next year.
Outlook for 2024: new transitional phase will boost risk assets
The asset classes that performed best in the recessionary cycle are unlikely to repeat their superior performance in the transition to the initial stages of accelerated growth.
FSCA asks BHI Trust investors to come forward with information on FSPs
Numerous individuals have been subpoenaed to appear before the Master of the High Court, to be questioned about the affairs of the sequestrated trust.
What medical schemes paid brokers in 2022
The regulator’s latest Industry Report contains detailed information about the medical schemes industry.
All open medical schemes – except one – have solvency ratios far above the required minimum
And the solvency ratio of the restricted Transmed Medical Fund continued to fall in 2022.
Prosecution challenges threaten South Africa’s exit from FATF grey list
The National Prosecuting Authority Amendment Bill will play a pivotal role in bolstering South Africa’s prosecution capabilities, says CDH’s Louis Botha.
How the gig economy and data analytics are transforming the employee benefits landscape
The traditional ‘one-size-fits-all’ model will soon be a thing of the past, according to Momentum Corporate’s latest Partnership Connect research.
