Santam introduces exclusions for losses following loadshedding and other electricity grid interruptions
No doubt, other insurers will soon follow suit.
RAF faces claims surge if form falls
SCOPA says the RAF 1 form may have kept claims out of the system, leaving the Fund exposed to a wave of unrecognised liabilities if it is set aside.
Ombud’s facts and findings don’t add up, says tribunal in setting aside property syndication determination
Referring clients to another broker does not constitute advice for the purposes of the FAIS Act.
Bad-debt relief for tax purposes is possible without legal proceedings
The two core components that must be met to claim a bad-debt write-off from Sars
Why climate change is an investment risk
A short video that explains why climate risk matters to investors.
How the FSCA decides on the size of an administrative penalty
And how the Financial Services Tribunal assesses whether the fine was appropriate.
Where unit trust investors are putting their money
Assets under management by local collective investment schemes once again surpass R3 trillion.
SA’s pension system slips further down the global rankings
Lack of coverage and poor preservation remain the major shortcomings.
Conduct standard on reporting obligations relating to retirement fund contributions due to take effect in February
It explicitly places an onus on retirement funds to alert employers of their obligations under the Pension Funds Act.
FIC sets out how Schedule 1 applies to property practitioners
Anyone registered as an estate agent before February 2022 will remain an accountable institution.
FAIS Ombud’s report identifies FSP ‘problem areas’
These include delays with funeral policy claims, advice to clients who buy living annuities, and insurance policy disclosures.
Set yourself up for a career in short-term insurance with MBSE’s Higher Certificate
The qualification fulfils the qualification requirement for obtaining the Insurance Licentiate (LIISA) designation.
Trustco takes the JSE to the tribunal for a second time
Meanwhile, the High Court dismisses Trustco’s bid to have the FST’s November 2021 decision reviewed and set aside.
Old Mutual to ‘re-enter’ retail banking space in 2024
The group unbundled its majority stake in Nedbank in 2018.
Omnibus anti-money laundering bill almost there
Opposition parties criticise rushed process and impact on NGOs.
Old Mutual life insurance sales continue to recover
Decline in mortality claims and lower client disinvestments and terminations.
MMH reports disappointing new business volumes
Momentum Metropolitan’s life businesses benefit from decline in death claims and higher investment returns.
How to keep cybercriminals at bay when shopping online this Black Friday
Cybercriminals create bogus online stores that claim to sell hard-to-find items.
