Most FSCA levies will rise by 3.2%, but retirement funds face a 15% increase in the OPFA levy, and charges are introduced for some entities.
The FSCA has released Communication 18 of 2020 to inform stakeholders, Financial Services Providers (FSPs) and Key Individuals that, Compliance Reports and Handover Reports usually due for submission to the FSCA in terms […]
The Council for Medical Schemes (CMS) is implementing measures within the ambit of the Medical Schemes Act to assist medical schemes to adapt to the adverse effect of the coronavirus pandemic, which threatens […]
FSCA Communication 19 of 2020 (INS) recognises that the inability to pay premiums as a result of the COVID-19 pandemic may be to the detriment of the policyholder and will have a negative […]
In a recent media release, Enos Ngutshane, the President of the Institute of Retirement Funds Africa (IRFA) strongly encourages members of the industry association and the retirement sector as a whole to support […]
We have now entered an era where online education is the new norm. Over the last few weeks many of us have been seeking out possible online resources, not just to improve our […]
“With the world at a standstill, many people will be particularly worried about the effect of the virus on their investments, but all is not lost,” says Clive Eggers, head of Investment Analytics […]
Every dark cloud, as the saying goes, has a silver lining. In the case of Covid-19, this also applies, thanks to some great footwork by the life offices. If there is one thing […]
The COVID-19 pandemic has led to a persistent flood of information. Amidst the overload of information, everyone is trying to deal with the new way of working, or the “new normal”, as it […]
A Directive, jointly issued by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority(PA), reads: “In order to complement the respective nationwide measures being put in place to contain the spread of […]
In one of the case studies discussed in the latest Short-Term Ombudsman Briefcase, readers are reminded of Rule 15.1 of the Policyholder Protection Rules. This states that policies must contain a provision for a […]
South Africa’s financial regulators have just launched an Intergovernmental Fintech Working Group (IFWG) Innovation Hub in response to changes in the financial sector driven by financial technology (Fintech) and to promote responsible innovation […]
With South Africa in lockdown, many consumers have a lot of questions about their financial well-being and what certain decisions will mean to their future. Questions like “What if I don’t pay my […]
With South Africa in lockdown, many consumers have a lot of questions about their financial well-being and what certain decisions will mean to their future. Questions like “What if I don’t pay my […]
Whilst on the one hand individuals are checking with their medical aids and financial advisers to see if they are covered for COVID-19, other cash strapped ones are concerned about being able to […]
As a result of information easily being shared in the world of smart phones and social media, it is important that part of a financial adviser’s marketing strategy includes the management of his […]
One of the top questions leaders ask these days is how do I manage my staff remotely and keep everyone productive? The default answer to this question seems to search for ways to […]
Public Compliance Communication 48 (PCC 48), published by the FIC recently, now provides clarity on when a nominated beneficiary will also be regarded as a client, including when Client Due Diligence (CDD) has […]
