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,
Insurers should put processes in place to ensure that funeral policyholders are alerted when their dependants turn 21 and no longer qualify for child-dependant status, the Office of the FAIS Ombud says. It […]
From a number of recent tribunal decisions, it seems that some intermediaries do not understand the purpose of the Financial Services Tribunal – in particular, that it functions as an appeal mechanism only. […]
It would take R69 billion to close South Africa’s pensions gap, assuming a contribution rate of 10%, according to research published by Andrew Donaldson, senior research associate at the Southern African Labour and […]
National Treasury has published draft regulations that will make the provision of a benchmark a financial service that will regulated and supervised by the FSCA. “The integrity of benchmarks is critical for the […]
National Treasury has published draft regulations that will make the provision of a benchmark a financial service that will regulated and supervised by the FSCA. “The integrity of benchmarks is critical for the […]
David Gluckman, the chairperson of the Sanlam Umbrella Fund, the third-largest umbrella fund in South Africa, has backed calls by National Treasury and Finance Minister Enoch Godongwana for greater consolidation in the retirement-funding […]
David Gluckman, the chairperson of the Sanlam Umbrella Fund, the third-largest umbrella fund in South Africa, has backed calls by National Treasury and Finance Minister Enoch Godongwana for greater consolidation in the retirement-funding […]
The inclusion of Sanlam Investments swelled the assets under management (AUM) of black-owned management companies to R1.15 trillion in June, from R667.8 billion in June last year. This is according to 27four Investment […]
The inclusion of Sanlam Investments swelled the assets under management (AUM) of black-owned management companies to R1.15 trillion in June, from R667.8 billion in June last year. This is according to 27four Investment […]
In South Africa’s latest major data breach, it has emerged that cybercriminals accessed the personal records of more than 1.4 million consumers and employees in a ransomware attack on the servers of Debt-IN […]
Twenty-six percent of South Africans expect they will invest more or increase their retirement fund contributions over the next three months, while the same percentage say they will invest and contribute less, if […]
Insurance intermediaries should think twice before asking their clients to sign a power of attorney (POA), because doing so precludes them from entering into a binder agreement or invalidates an existing agreement. In […]
Unvaccinated people are significantly more at risk of severe illness and death than those who are fully vaccinated against Covid-19, death claims data from Momentum Life Insurance has shown. Stephen van Niekerk, head […]
Unvaccinated people are significantly more at risk of severe illness and death than those who are fully vaccinated against Covid-19, death claims data from Momentum Life Insurance has shown. Stephen van Niekerk, head […]
Scammers operating on social media are defrauding people by claiming they can issue certificates for the FSCA’s regulatory exams. At least two of these scammers claim to work at Moonstone’s Sandton’s exam venue. […]
The SA Reserve Bank should set an inflation target of 3% or 4%, and the failure to lower the target band to 2–4% – as intended – was “a major policy mistake”, says […]
London-headquartered M&G plc has once again become the majority shareholder in Prudential Investment Managers. As part of Prudential’s reversion to being a subsidiary of M&G, it will be rebranded as M&G Investments before […]
