Debarment process revisited – Get it right the first time
Judging by how many debarments are overturned by the Tribunal, this appears to be a matter requiring a revisit. On 6 June 2019, the FSCA published Guidance Notice 1 of 2019 to: provide […]
Appeals Board ruling puts Centriq–Dis-Chem partnership on the line
In Circular 48, the CMS signals tougher enforcement against exempted insurers, warning that non-compliant branding and failure to notify regulators will attract decisive action.
Client engagement skills you can’t ignore
In the current climate, perhaps more than ever before, people are seeking empathy and reassurance. Real connection counts, especially in a time of distancing, disorder and uncertainty. Intermediaries can play a pivotal role […]
Client engagement skills you can’t ignore
In the current climate, perhaps more than ever before, people are seeking empathy and reassurance. Real connection counts, especially in a time of distancing, disorder and uncertainty. Intermediaries can play a pivotal role […]
FIA and Santam launch transformation initiative
The Financial Intermediaries Association of Southern Africa (FIA) and Santam have partnered to launch the FIA Transformation Initiative, a campaign focused on accelerating transformation in the South African intermediary space. Santam has been […]
FIA and Santam launch transformation initiative
The Financial Intermediaries Association of Southern Africa (FIA) and Santam have partnered to launch the FIA Transformation Initiative, a campaign focused on accelerating transformation in the South African intermediary space. Santam has been […]
If it ain’t broke, don’t fix it
Bert Lance, the Director of the Office of Management and Budget in Jimmy Carter’s 1977 administration, is attributed with coining this phrase. Bad grammar apart, he believed he could save Uncle Sam billions […]
If it ain’t broke, don’t fix it
Bert Lance, the Director of the Office of Management and Budget in Jimmy Carter’s 1977 administration, is attributed with coining this phrase. Bad grammar apart, he believed he could save Uncle Sam billions […]
Tribunal protecting the rights of representatives
The Manasse decision by the Financial Sector Tribunal again underlines just how important compliance with Section 14 of the FAIS Act is. In particular, it requires that a debarment process must be lawful, […]
Tribunal protecting the rights of representatives
The Manasse decision by the Financial Sector Tribunal again underlines just how important compliance with Section 14 of the FAIS Act is. In particular, it requires that a debarment process must be lawful, […]
Debarment process? What debarment process?
A recent application for reconsideration of a debarment by the Financial Sector Tribunal evoked a number of interesting questions, including ones on responsibility and accountability for transgressions. Background Ms M was charged with […]
Insurance cover if your driver’s licence expired
How will insurers treat motor vehicle claims where the insured person’s driver’s licence has expired after 31 August 2021? The South African Insurance Association (SAIA) says that drivers can take comfort in the […]
SARS and the Hawks coming down hard on tax delinquents
Tax Consulting SA reports that SARS is clamping down hard on those who have outstanding tax returns. This includes those who have left the country without ensuring that their affairs with the Receiver […]
ASISA welcomes meaningful changes to the current retirement system
In a media release, the Association for Savings and Investment South Africa (ASISA) and its members expressed support for meaningful changes to the current retirement system that are aimed at strengthening preservation of […]
Focus on fraudulent Death and Disability claims
On Thursday, we focused on fraud in the funeral cover space. Today we look at how this manifested in Death, Disability, Hospital cash plans and Retrenchment cover space. South African life insurers reported […]
The cost of data breaches and preventative measures to curb it
An article published on the My Broadband website shares some rather startling figures on the consequences when hackers manage to gain access to your data. The researchers identified several trends among South African […]
Levy deadlines reminder
Please bear in mind that the levies for FSPs are calculated based on the KIs/Reps approved/appointed on 31 August. A in the calculation is indicated as being: It is therefore imperative that all […]
Sasria Update
According to Moneyweb, the South African Special Risks Insurance Association (Sasria) expects claims related to the unrest in July to amount to R20 billion, with 10% of the amount to be paid out […]
