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,
The FSCA is using social media to supervise whether financial products and services promote fair customer outcomes, and it will be looking into the banks’ low response rate to “priority tweets” as revealed […]
The owner of a brokerage asked the Financial Services Tribunal to award him R2 million in damages because the FSCA refused to grant his firm an FSP licence. The regulator rejected the firm’s […]
The owner of a brokerage asked the Financial Services Tribunal to award him R2 million in damages because the FSCA refused to grant his firm an FSP licence. The regulator rejected the firm’s […]
Certain sections of the Cybercrimes Act came into effect on Wednesday, which means it is now a criminal offence to, among other things, send messages on social media that threaten to harm someone […]
Certain sections of the Cybercrimes Act came into effect on Wednesday, which means it is now a criminal offence to, among other things, send messages on social media that threaten to harm someone […]
What does “access control” mean for the purposes of an insurance policy? The answer to this question was at the heart of a complaint that came before the Ombudsman for Short-term Insurance (Osti). […]
What does “access control” mean for the purposes of an insurance policy? The answer to this question was at the heart of a complaint that came before the Ombudsman for Short-term Insurance (Osti). […]
You, as an adviser, are legally required to explain all material clauses in a policy to enable your client to make an informed decision. What happens if some clauses are so clouded in […]
You, as an adviser, are legally required to explain all material clauses in a policy to enable your client to make an informed decision. What happens if some clauses are so clouded in […]
Making vaccination compulsory to enter workplaces and certain public spaces seems a certainty if the statements from the government, business and labour this week are anything to go by. In a televised address […]
The systemic nature of cyber risk provides intermediaries with an unprecedented opportunity to show-case their value to clients, Andrew Coutts, Santam’s head of Intermediated Distribution, told the recent InsureTalk18 online conference. It is […]
South African life insurers paid 99.3% of all claims against fully underwritten individual life policies in 2020 to a value of R20.6 billion. The 2020 death claims statistics for fully underwritten individual life […]
Coronation Fund Managers grew its assets under management (AUM) by 11% to R634 billion in the year to September 2021, from R569bn. However, it once again reported a net cash outflow of average […]
Behavioural finance expert Morgan Housel, partner at Collaborative Fund and an award-winning author, was a speaker at the Allan Gray Investment Summit and the CFA Investment Conference this year. Housel, in almost identical […]
It is questionable whether the much-vaunted “too-big-to-fail” benefits of the Financial Sector Laws Amendment Bill now before Parliament justify its far-reaching impingements on the rule of law, its dubious depositor insurance provisions and […]
It is questionable whether the much-vaunted “too-big-to-fail” benefits of the Financial Sector Laws Amendment Bill now before Parliament justify its far-reaching impingements on the rule of law, its dubious depositor insurance provisions and […]
Goldman Sachs, one of the world’s top three investment banks, does not think the emergence of the omicron variant of Covid-19 is sufficient reason to make major changes to investment portfolios. Meanwhile, James […]
