Ruling on Old Mutual’s application to appeal R1.7bn Living Hands judgment
Outcome will have significant implications for the financial services industry.
MediCheck claims win as Discovery Health writes off up to R170m in ATB recoveries
Discovery Health has abandoned recovery action against more than 16 500 members, agreeing to absorb up to R170 million in overpaid ATB claims after sustained pressure from MediCheck,
Conduit Capital selling life and health insurance business so it can stay afloat
Liquidation of Constantia Insurance Company has affected the group’s ancillary insurance businesses.
Store consultant’s relationship to the insurer proves decisive in ombud’s ruling
Claim was rejected because the phone was not used with the SIM card encoded with the number listed on the policy schedule.
Golfer lands in the rough with hole-in-one insurance claim
The insured submitted that, in terms of the policy, he was entitled to the maximum indemnity.
What are the acceptable grounds for debarments?
A single act of dishonesty, incompetence, mismanagement or negligence may not by itself be grounds for debarment.
Beneficiary nomination updates and crypto assets in a will
New trends call for new requirements. Help your clients to fulfil their wishes when the time comes.
Anti-grey-listing laws get through Parliament just in time
But amending legislation won’t be enough to satisfy the Financial Action Task Force.
Two important reminders for 2023
Set yourself apart from the crowd with an accredited qualification from MBSE.
Deadline for crypto asset FSPs to complete FSCA questionnaire
The Authority wants to get a better understanding of the conduct risks related to crypto activities.
FSP debarred for allowing unlicensed FSP to operate under his licence
This case sends a serious warning to those who allow “spotters” to work under their licence.
FSCA sanctions Stringfellow after investigation into investment scheme
Debarred for 20 years and total fines of R35 million
Debarment where the relationship is governed by a franchise and an adviser agreement
Tribunal draws attention to the effect of selling the franchise house business on the financial adviser agreement.
Sanlam should be bound to the higher benefit value, RA fund member tells Adjudicator
Discrepancy between the figures on his benefit statement and those on Sanlam’s website.
Resources on disclosures related to climate risk and investments
The final part in a six-part series that explains why climate risk matters to investors.
UK set to introduce deregulation in financial services
Government uses opportunity provided by Brexit to ‘cut red tape’ and ‘turbocharge growth.
Tribunal rules in ‘reckless lending’ case against Direct Axis, FirstRand Bank and Sanlam Personal Loans
Summit claims ‘routine’ abuse of the exception to the Minimum Expense Norms table when assessing whether consumers can afford credit.
Family goes to court after deceased’s life partner gets 100% of RA benefit
High Court considers the extent of the retirement fund’s investigation into the dependants.
