Potential POPIA impact on social media
A very interesting article on the Werksmans website provides some insight into what may just be the first of many unforeseen outcomes of this new legislation. A Legalbrief Today article points out […]
F&I professionals urged to turn compliance into customer value
Strong engagement, clear records of advice, and a culture of ethics can help F&I professionals build trust and improve customer outcomes.
This POPI is not a flower
As can be expected, the establishment of the office of the Information Regulator is experiencing some start-up problems. With 1 July 2021 set as the date when the final sections of the Protection […]
SCA rules for insurer after cancellation of life policy
Legalbrief Today reports as follows: When Johannesburg resident Susan Church decided to cancel her insurance policy from Discovery Life Ltd, she had no inkling of the events that were to befall her six […]
SCA rules for insurer after cancellation of life policy
Legalbrief Today reports as follows: When Johannesburg resident Susan Church decided to cancel her insurance policy from Discovery Life Ltd, she had no inkling of the events that were to befall her six […]
A call for preservation of all retirement funding contributions
In the wake of calls from unions for legislation to be changed to allow workers to access their pension fund contributions in times of financial distress, other voices call for stronger measures to […]
A call for preservation of all retirement funding contributions
In the wake of calls from unions for legislation to be changed to allow workers to access their pension fund contributions in times of financial distress, other voices call for stronger measures to […]
Impact of Market Value adjustment on Section 14 transfer
Adjustments for adverse market conditions last year led to a highly unsatisfactory outcome for a client whose funds were invested in a smoothed bonus portfolio. The complainant’s Section 14 application form was sent […]
DIY POPIA solution for small to medium enterprises
Whilst bigger organisations have the resources to develop the tools and solutions to ensure compliance with the POPI Act, many smaller and medium sized businesses need to fend for themselves in this regard. […]
The new Superpower?
In the world that I grew up in, there was a constant tussle between Russia and the USA to be recognised (feared?) as the biggest, or strongest, or whatever. Later, new kids on […]
Collusion to no avail
An applicant who was debarred after being found guilty of fraud and dishonesty appealed to the Financial Sector Conduct Authority for a reconsideration of the decision. The applicant “attacked the process of debarment” […]
It is not only a sin to tell a lie – you could be prosecuted
An FSCA Press Release on 15 June 2021 addresses the occurrence of inaccurate reports, particularly on social media platforms, which indicate that getting the Covid-19 vaccine will render life insurance policies “null-and-void” because […]
Employers may now implement mandatory vaccination policies
An updated Consolidated Direction on Occupational Health and Safety (Directive) was issued on 11 June 2021 by the Department of Employment and Labour. Amongst others, it expressly permits an employer to implement a […]
Cybercrimes Act “wildly unrealistic”, claims expert
In an article titled Expert slams newly-enacted Cybercrimes Act, Legalbrief today reports as follows: An expert has slammed the newly-enacted Cybercrimes Act, saying that jailing and fining Internet users for, among other things, […]
Local multi-asset fund managers bullish on JSE-listed stocks outlook
We noted last week, in an article titled The strengthening Rand and investing overseas, that local equities have outstripped global markets by huge margins since April 2020. This view is reaffirmed in an […]
Principles which will guide regulation of crypto assets in South Africa
The Intergovernmental Fintech Working Group (IFWG) has published a position paper on crypto assets. In 2014, the National Treasury issued a cautionary note, warning the public about the risks associated with the use […]
Complaints Management Framework – Effective date for full implementation
The General Code of Conduct was significantly amended in June 2020. This is particularly true of Section 17 which requires the establishment of a complaints management framework. Most of the new requirements had […]
Complaints Management Framework – Effective date for full implementation
The General Code of Conduct was significantly amended in June 2020. This is particularly true of Section 17 which requires the establishment of a complaints management framework. Most of the new requirements had […]
