TCSP guidance welcome, but grey areas remain, says FISA
It may not always be clear when someone has crossed the line into carrying on the business of creating a trust arrangement for a client.
FSCA licenses most crypto provider applicants – as enforcement tightens
The rising number of investigations and inspections underline a shift from registration to active supervision.
Medical schemes body loses urgent contempt-of-court application against CMS
The latest round of litigation between the Board of the Healthcare Funders and the CMS over low-cost medical schemes.
New Trustee Training Toolkit will come online in September
A trustee must attain TKK certification within six months from the date of appointment or election to the board.
Public hearings on two-pot retirement system in September
The National Assembly’s Standing Committee on Finance has announced the deadline for submissions on various pieces of draft tax legislation.
Potential threat to South Africans who earn an income from foreign employers
A proposed amendment to the Income Tax Act will require foreign employers to withhold employees’ taxes.
Adjudicator did not allow retirement fund to respond fully to a complaint
SCA also finds that the High Court should not have granted punitive cost orders against the fund.
Earn your CPD points by getting up to speed on cyber-security
The course will enable you to assess the pros and cons of adopting cloud computing for an organisation, and what to consider when selecting a cloud service provider.
Investors told to beware amid probe into United African Stokvel
Law firm’s insights shed light on identifying warning signs and creating safeguards within stokvels to prevent misuse and promote trust.
Making black tax manageable begins with accountability
Published author Ndumi Hadebe weighs in on the importance of clear communication and setting healthy boundaries when it comes to black tax
PA publishes draft guidance notes for banks and insurers on climate-related risks, disclosures
Banks and insurers are expected to treat climate risk as a financial risk rather than merely a reputational risk event.
Beware of chancers: FSCA issues warnings against dubious operators
From individuals impersonating the FSCA to falsely presenting themselves as legitimate FSPs, alleged fraudsters are coming at consumers from all sides.
Why long-term investors should make peace with bear markets and market downturns
Investors should anticipate an equity market decline of at least 10% every 18 months, and a drop of at least 20% every five years.
Constitutional Court dismisses Sharemax adviser’s appeal
The High Court was asked to rule on whether the clients’ financial loss was caused by breach of agreement or the Reserve Bank’s intervention.
Tribunal rules on Brite’s application to reconsider R10m fine and licence withdrawal
Did the FSCA’s regulatory reach extended to UK pension funds and structures, held offshore, and permitted and regulated by UK and European Union law?
Before you invest … tell-tale signs that a stokvel is not the real deal
Unscrupulous operators are taking advantage of the ‘light touch’ regulation of the stokvel sector. Here’s what you should know about the laws and bodies that govern stokvels.
Failure to have a vehicle inspected does not necessarily mean an insurer can reject a claim
The insurer could not revert to the pre-inception sales discussion when subsequent developments had clearly overtaken that fact, ombud finds.
Embracing AI in insurance: the path to innovation and survival
Stephen van Niekerk, executive head of Momentum Myriad, shares lessons learned following the launch of a “first-in-industry innovation” life insurance product and how artificial intelligence (AI) will fuel the insurance industry.
