Repeat offender Model Insurance – Bad reflection on industry
“En nog is dit het einde niet” – a Dutch saying translated into English as “it is still not the end”. This could be said of the Model Insurance Company, an unlicensed insurer […]
FSCA slaps Banxso and directors with record R2bn fine
The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
Proposed new FICA regulations – Changes to international and cash transactions
Changes to international and cash transactions National Treasury recently invited public comments on draft regulations on international financial transactions in terms of section 31, and amendment of regulations on cash transaction reporting and […]
Default regulations for retirement funds – Applicable from 1 March 2019
The Minister of Finance issued the Default Regulations with effect from 1 September 2017. The Default Regulations prescribe conditions for default investment portfolios, default preservation and portability, and annuity strategies for funds. All new default […]
Default regulations for retirement funds – Applicable from 1 March 2019
The Minister of Finance issued the Default Regulations with effect from 1 September 2017. The Default Regulations prescribe conditions for default investment portfolios, default preservation and portability, and annuity strategies for funds. All new default […]
Trust in financial services still low – Survey reveals critical factors
Companies in the financial services sector were again the least trusted among industries, according to the latest annual Edelman Trust Barometer, which has been measuring trust in business, NGOs, government and the media […]
Trust in financial services still low – Survey reveals critical factors
Companies in the financial services sector were again the least trusted among industries, according to the latest annual Edelman Trust Barometer, which has been measuring trust in business, NGOs, government and the media […]
AON Cyber Risk Report – Focuses on eight specific risk areas for businesses
Aon, the leading global professional services firm providing a broad range of risk, retirement and health solutions, has released its 2019 Cyber Security Risk Report, which details the greatest cybersecurity threats industries are […]
AON Cyber Risk Report – Focuses on eight specific risk areas for businesses
Aon, the leading global professional services firm providing a broad range of risk, retirement and health solutions, has released its 2019 Cyber Security Risk Report, which details the greatest cybersecurity threats industries are […]
Don’t leave your client in the dark – SAIA advice for your clients
Earlier this month the whole of South Africa was impacted by load shedding. South Africans were scrambling to keep up to date with load shedding phases and schedules to ensure they have gas, […]
Don’t leave your client in the dark – SAIA advice for your clients
Earlier this month the whole of South Africa was impacted by load shedding. South Africans were scrambling to keep up to date with load shedding phases and schedules to ensure they have gas, […]
Manage your Fit and Proper Obligations
Having to interpret and navigate through the endless collection of Board Notices, Circulars and Guidance Notes which regulates the requirements associated with either being approved as a Key Individual, appointed as a Representative, […]
Manage your Fit and Proper Obligations
Having to interpret and navigate through the endless collection of Board Notices, Circulars and Guidance Notes which regulates the requirements associated with either being approved as a Key Individual, appointed as a Representative, […]
FSCA fines Product Provider R30 000
– Timely warning to industry about new advertising regulations Section 106(a) of the Collective Investment Schemes Act No.45 of 2002 states: No person may make a statement or disseminate information which he or […]
FSCA fines Product Provider R30 000
– Timely warning to industry about new advertising regulations Section 106(a) of the Collective Investment Schemes Act No.45 of 2002 states: No person may make a statement or disseminate information which he or […]
Budget 2019 – Insurance industry sees substantial changes in tax legislation
Alwina Brand, PwC Tax Partner was recently quoted in a Business Report article where she shared that the insurance industry has seen a number of substantial changes to tax legislation over the past […]
Budget 2019 – Insurance industry sees substantial changes in tax legislation
Alwina Brand, PwC Tax Partner was recently quoted in a Business Report article where she shared that the insurance industry has seen a number of substantial changes to tax legislation over the past […]
Amended supervision requirements – Formal agreement now a necessity
FSCA’s FAIS Notice 86 of 2018, the Exemption of services under supervision, came into effect on 1 February 2019, except for certain conditions, like the supervision agreement that was delayed until 1 March 2019. Supervision agreement It […]
