FAIS Ombud is moving to new premises
The Office of the Ombud for Financial Services Providers is relocating from its Erasmuskloof offices to new premises in Menlyn Central, Pretoria. The FAIS Ombud said in a statement that the move is […]
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.
Ombud calls adviser’s conduct ‘morally reprehensible’
How does one justify placing an 80-year-old Alzheimer sufferer’s funds in a syndication scheme that is being investigated by the South African Reserve Bank? A recent determination by the FAIS Ombud revealed details […]
FSPs face paying regulators much higher levies
FSPs will pay significantly higher levies if the Financial Sector and Deposit Insurance Levies Bill is passed into law in its current form. The Minister of Finance introduced the bill and the Financial […]
How many rate hikes will we see this year?
By how much will inflation increase this year and, more importantly, how many rate hikes will we see as a result? Thursday’s meeting of the Monetary Policy Committee (MPC) may shed more light […]
Popular regulatory update workshop for FSPs in February
Moonstone Compliance, in conjunction with Moonstone Business School of Excellence, will host its popular annual regulatory update workshop on Thursday, 24 February. This year, the workshop will be hosted as a webinar. It […]
Cryptocurrency ownership in SA below global average
The rate of cryptocurrency adoption is higher in South Africa than in countries such as the United States, the United Kingdom and Germany – if the results of a survey conducted by consumer […]
Misrepresenting reason for dismissal can have dire consequences
Lawyers have drawn attention to a case heard by the Labour Court last year in which the applicant wanted the court to compel his former employer to change the reason his contract was […]
IRBA dismissed complaint against SAA’s Kwinana in 2018
The Independent Regulatory Board for Auditors (IRBA) has confirmed that it dismissed a non-audit complaint against former SAA board member Yakhe Kwinana in 2018, “because a lack of evidence at the time of […]
Top achievers in Wealth Management exams recommend Moonstone
The way Moonstone Business School of Excellence (MBSE) structured and ran the Higher Certificate in Wealth Management (HCWM) made completing the qualification manageable and a pleasure, even while working full time, says Etienne […]
Cyber incidents are companies’ top concern in 2022, says Allianz Risk Barometer
Cyber perils and business interruption are the two biggest concerns of companies around the world this year, according to the latest Allianz Risk Barometer. The 11th annual survey from Allianz Global Corporate & […]
Expired driver’s licence ‘shouldn’t automatically result in claim rejection’
Insurers that belong to the SA Insurance Association (SAIA) should not reject claims solely because a driver’s licence has expired. SAIA was responding to a question about the implications for drivers who are […]
FSCA gives financial institutions a new deadline to update their profiles
The FSCA is now giving licensed financial institutions, including FSPs, until 31 January to verify or update their profile information on the FSCA’s e-portals. The authority issued the request for information in October […]
What are the courts saying about e-signatures?
Tech Talk Legal, a series of free webinars that discuss the impact of technology on lawyers’ interactions with their clients and how legal professionals can use technology to enhance their practice, kick off […]
Tongaat Hulett may take legal action against Deloitte
Sugar producer Tongaat Hulett may take legal action against Deloitte if “engagements” about the role its former auditor played in the “mismanagement of the company” do not result in an amicable settlement. In […]
Collateral damage during state capture should also be explored
Does repaying fees collected under dubious circumstances absolve companies from resultant damage? My article titled A wolf in sheep’s clothing, published last week, concerned the possible danger of involving firms identified in the […]
How advisers can protect against losing assets when wealth is transferred
Financial advisers who work holistically with families to understand better the needs of the principal members and the individual members will be at an advantage when wealth changes hands, says Daryll Welsh, the […]
FSCA wants to know number of personal lines claims in 2021
The FSCA has told all licensed non-life insurers that belong to the Ombudsman for Short-term Insurance (Osti) to provide the authority with the number of personal lines claims reported in the 2021 calendar […]
