MPs accept refinements to omnibus anti-money laundering amendment bill
Trust practitioners are not happy that Treasury ‘ignored’ their proposals to undo the ‘devasting effects’ of the legislation.
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.
Audit exemptions for retirement funds set to be tightened
FSCA proposes consolidated prudential standard for financial reporting requirements.
Why South Africa provides a fertile ground for funders of terrorism
The deficiencies in dealing with terrorism financing are putting the country at risk of being grey-listed.
Sabinet introduces integrated solution for streamlined access to financial regulatory instruments
Sabinet brings together a streamlined workflow by linking the regulatory instrument with the relevant legislation, as well as linked content by Sabinet’s product specialists for ease of use.
Tribunal rules on debarments linked to fall-out between retirement fund administrators
It also clarifies the relationship between the courts’ findings and the reconsideration application.
Enrol in our entry-level qualifications in insurance or financial planning
With our FETC qualifications, you can study further even if you don’t have a matric certificate.
FSCA wants to update retirement funds’ reporting requirements urgently
The amendments to regulation 28 of the Pension Funds Act take effect on January 3.
Clients need to be reminded of the long-term benefits of risk cover
Intermediaries can help clients to understand the implications of losing their protection.
CMS’s proposed medical scheme levy for 2023/24
It is markedly higher than the increases over the past three financial years.
Health Squared provisional curatorship extended again
Curator’s answers to members’ questions are available online.
Ombud Council is becoming a reality
The effective functioning of the office will contribute to a fairer deal for all.
Proposal to make it easier and cheaper to wind up retirement funds that decide to go into liquidation
The exemption does away with the R50 000 average-benefit-per-member threshold and caps the membership threshold at 100.
Our webinar will explain your data retention obligations
Holding personal information ‘just in case’ isn’t good enough.
Why BrightRock is phasing out its tied-agent network
The life insurer says the channel was never intended to be a long-term term undertaking.
‘No undue delay’ in bringing civil claim against bank employee linked to R79m fraud
Pension Funds Adjudicator also failed to appreciate the prospect that Absa’s civil claim would succeed, says the tribunal.
KeyHealth fails in bid to revoke agreement with healthcare brokerage
None of the events stipulated for triggering the termination of the agreement had taken place, Supreme Court of Appeal finds.
Fisa calls on banks to focus on bank accounts of clients who have passed away
Practitioners can get authority from the Master’s Office within weeks but battle for months for a response from some of the banks.
