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.
CMS reviewing Bonitas complaints, says recovery plan appears to be bearing fruit
The regulator says it is monitoring the situation and sees signs of improvement, but some members continue to report difficulties accessing healthcare and resolving claims.
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.
Crypto assets as a financial product: what are the exchange control and tax implications?
It’s possible that, at some point, providers of crypto asset services will be required to submit third-party data to Sars.
Funeral insurance – a product for the poor, or is it?
Statistics indicate that 42% of South Africans had funeral cover in 2021, down from 53% in 2019. This is surprising considering that the pandemic increased claims, as well as people’s fear of death, the world over and significantly impacted the funeral insurance market and the claims environment.
