Healthcare broker accreditation – CMS announces online portal
Section 65 of the Medical Schemes Act provides that: ● No Person may act or offer to act as a broker unless the Council has granted accreditation to such a person on payment […]
Banxso licence withdrawal – FST dismisses reconsideration bid
The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
Fintech update – FSCA mapping the current landscape
SA has a small but fast-growing fintech industry, presenting considerable benefits and risks. As a result, regulators need an understanding of the fintech landscape in South Africa in order to manage risks in […]
Festive season crime stats – Decline in some areas and increase in others
Crime has a huge impact on insurance, from short-term to health insurance. At a recent SAPS event, police minister Bheki Cele addressed the media on the festive season statistics for the period October 15 […]
OSTI rules against insurer – Faulty interpretation of the law
Is it a case of “innocent until proven guilty” or “guilty until proven innocent”? Although witnesses shared their views and not one piece of evidence was overlooked, a recent Ombudsman case study indicated […]
2020 Annual Compliance Webinar for FSPs without a CO – Registration opens tomorrow
The annual webinar, aimed specifically at Financial Services Providers NOT required to appoint a compliance officer, will be hosted on Thursday, 13 February 2020. The two hour session will once again provide insight into frequently […]
Digital reality check – Your client still prefers the personal touch
Globally, 93% of consumers still prefer talking over “tapping” when it comes to sharing their brand experience or seeking recommendations, according to a consumer study released by global measurement company Nielsen. Nielsen’s Real […]
Unclaimed retirement benefits – The dust should not settle
In May 2019, Rosemary Lightbody, the senior policy adviser at ASISA, indicated that despite the efforts already made by member companies, it is estimated that unclaimed assets worth R17.1 billion held in 147 221 products […]
Unclaimed retirement benefits – The dust should not settle
In May 2019, Rosemary Lightbody, the senior policy adviser at ASISA, indicated that despite the efforts already made by member companies, it is estimated that unclaimed assets worth R17.1 billion held in 147 221 products […]
Proposed categorisation of financial advisers – Seven focus areas identified under RDR
The FSCA recently published RDR Discussion Document updates and, amongst others, requested input on various aspects of the adviser categorisation model. The seven key focus areas of the document are: Section 1: Terminology […]
Pension Fund penalty interest – Tribunal disagrees with PFA
Employer deductions from pension funds have raised many questions in the past. What is legal? Can a pension fund pay-out be delayed? Can damages as a result of theft or fraud be deducted, […]
Allianz Risk Barometer 2020 – Is cyber risk really South Africa’s top corporate concern?
The Risk Barometer is an annual survey on global business risks from Allianz Global Corporate & Specialty (AGCS). The 2020 edition incorporates the views of a record 2,718 respondents in over 100 countries. […]
Allianz Risk Barometer 2020 – Is cyber risk really South Africa’s top corporate concern?
The Risk Barometer is an annual survey on global business risks from Allianz Global Corporate & Specialty (AGCS). The 2020 edition incorporates the views of a record 2,718 respondents in over 100 countries. […]
Latest RDR update on two-tier adviser model – What’s in a name?
The FSCA recently published various RDR (Retail Distribution Review) discussion documents for comment. One of the documents provides specific updates and requests input on several aspects of the adviser categorisation model. Purpose of […]
Social media and insurance – Another claim dispute resolved via Twitter
The power of social media once again came into play when a claim dispute was resolved after the insurer initially turned down a claim. According to media reports, DA MP Cameron Mackenzie was […]
Reporting a vehicle accident – Limited online option now available
For minor damages, motorists can now report a crash online via the National Traffic Information System (NATIS) website in order to obtain a case number. However, there are a few stipulations, with only […]
Cyber-attacks – Main culprits identified
Various annual reports and research have recently highlighted cyber-attacks as the number one global risk for companies. A media release by Mimecast towards the end of 2019 indicated that four major cyber-attack campaigns […]
Save the date – 2020 Annual Compliance Webinar
The annual webinar, aimed specifically at Financial Services Providers NOT required to appoint a compliance officer, will be hosted on Thursday, 13 February 2020. The session will once again provide insight into frequently […]
