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,
In a recent ASISA media release, Hennie de Villiers, deputy chair of the ASISA Life and Risk Board Committee, states that, while medical testing is an important part of the insurance process used […]
While most of the focus has been on how COVID-19 has impacted corporates, little light has been shed on how this will affect household financial wellness in SA. Johann van Tonder, Economist and […]
Amidst the chaos that the COVID-19 pandemic has caused in our daily lives, we are slowly but surely trying to adapt to the new way of work. But as financial advisers and FSPs, […]
In light of the National State of Disaster and due to the significant and potentially lasting negative impacts on the economy from the spreading of the COVID-19 virus, the Minister of Finance announced […]
FSCA Communication 14 outlines the regulator’s expectations regarding the culture and responsibilities of insurers and financial services providers in respect of premium collection of funeral policies. “The communication addresses premium collection by certain […]
FSCA Communication 14 outlines the regulator’s expectations regarding the culture and responsibilities of insurers and financial services providers in respect of premium collection of funeral policies. “The communication addresses premium collection by certain […]
Various financial institutions have implemented measures to provide relief to individual and business customers whose financial stability has been impacted by COVID-19. Several financial experts have also pointed in the media that, taking […]
Various financial institutions have implemented measures to provide relief to individual and business customers whose financial stability has been impacted by COVID-19. Several financial experts have also pointed in the media that, taking […]
The commencement dates of certain provisions under the Financial Sector Regulation Act has recently amended and as a result published in a Government Gazette. Some of these include: ● Chapter 14 (sections 175 […]
By now you probably have established a bit of a routine for when to do what every day. But, just as you are patting yourself on the back, you realise you now have […]
The recently released Communication 12 of the FSCA alerts financial institutions to explicitly consider cyber-risk exposures and potential for breaches that may be heightened over this lock-down period due to the wide roll […]
The South African life insurance industry has more than double the legally required reserve buffers in place and is therefore well positioned to deal with the COVID-19 fallout over the coming months. The […]
The Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) have received a number of queries regarding the treatment of financial services as essential services. The following information is extracted from a […]
The FSCA has issued guidance for regarding employers who are unable to pay the full or any contributions on behalf of their employees to their retirement funds in accordance with section 13A of the […]
The services of the FSCA’s Licensing and Business Centre will continue to operate – Click here to view the available support during lockdown.
The services of the FSCA’s Licensing and Business Centre will continue to operate – Click here to view the available support during lockdown.
The Council for Medical Schemes (CMS) has announced that all cases of COVID 19 will be regarded as a Prescribed Minimum Benefits (PMB) condition, and should be funded in full in line with […]
