Former members of deregistered funds won’t pay tax on bulking payments
Exemption is the last opportunity to rectify the error, National Treasury says.
Banxso licence withdrawal – FST dismisses reconsideration bid
The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
Monday briefing: a round-up of recent financial news
Busa lobbies for medical schemes under NHI | Few equity funds beat Alsi | High-targeting absolute return funds underperform | RAF to approach ConCourt over Discovery ruling | ‘Windfall tax’ from loadshedding | Alexforbes acquires stake in TSA
Debarment for being paid a referral fee by a competitor not justified, says FST
The employer did not point to a single provision in the FAIS Act, or any other legislation, that prohibits this.
Administrator contests Adjudicator’s determination in dispute over loss of members’ benefits
Moriting Wealth Managers was not given an opportunity to state its case before the final determination was issued.
Vital ‘ingredient’ missing in Old Mutual’s notice of intention to debar
The applicant was ‘left to guess’ the factual allegations on which the intended debarment was based, tribunal says.
When is it too late to submit a complaint to the Osti?
Ombudsman can only condone non-compliance with a policy’s time-barring provisions if the insured shows good cause.
The adviser’s role in helping to create a lasting financial legacy
In tough times, it is important to think of your family’s future, and nothing says ‘prepared’ better than drafting your will timeously, planning your estate and leaving a proper wealth succession plan. 1Life launches its latest estate planning product offering.
Settlement agreement with representative sinks FNB debarment
That the parties entered the agreement after the notice of intention to debar had been sent was highly relevant.
More, mostly positive, changes to enhance the alternative dispute resolution process
Questions remain whether the automation of certain procedures will have the desired results.
SA at risk of becoming a failed state if the economy isn’t turned around soon’
Incoming Nedbank chairperson says ‘we are already on borrowed time’.
Big increase in damage to appliances and food spoilage because of blackouts
Loadshedding is having a more severe impact on consumers compared to a year ago, survey finds.
Three cases where the banking ombudsman helped consumers
In one case, the OBS’s intervention resulted in the bank cutting its executor’s fees by 50%.
Five things property sellers should know before transfer
Avoid unnecessary delays and penalty interest, and ensure the transfer goes through smoothly.
Santam introduces power surge excesses and exclusions as claims jump
What policyholders should know about the general exclusion for damage caused by electricity grid failure or interruption.
Rep debarred for sharing client information while on garden leave
She alleged the evidence of her conduct was obtained through an ‘unlawful search’ of her personal email account.
Treasury publishes draft legislation on renewable energy tax incentives
Grey areas remain when it comes to the rebate for residential solar panels.
How the latest Companies Act amendments affect your business
Companies have broader obligations to keep records of persons with beneficial interests in their securities.
