Smart Beta – Is it really all it is beefed up to be?
Smart beta is probably the most overused expression in the world of investment today. The term suggests there are dumb betas since there are smart betas but this is not the case. There […]
RAF remains liable for medical expenses paid by schemes, SCA rules
The Court found that two later directives were issued as part of a ‘contrived stratagem’ to circumvent a binding judgment in favour of Discovery Health.
Premium collection by intermediaries – Compliance deadline extended
The FSCA has extended the period of compliance for collection of premiums by intermediaries, specifically the requirement for a separate bank account to only contain premiums, from 28 September 2019 until 1 February 2020. Paull Lawrence from […]
GEPF – Rules changed regarding pension debt on divorce
Following the gazetting of the Government Employees Pension Law Amendment Bill on 23 May 2019, the Government Employees Pension Fund (GEPF) has amended and implemented the new rules and will no longer subject […]
Criminals now use digital technology to commit crime
In a recent media release, SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry informed bank customers about a scam known as ‘Business Email Compromise’ (BEC) where criminals […]
Car hijackings – Who should be more careful?
According to latest statistics, vehicle owners in Gauteng and KwaZulu Natal face the highest probability of being carjacked or having their vehicle stolen, while those in the Northern Cape, Free State and Limpopo […]
Financial Intelligence Reports – FIC clarifies its role in PP finding
The Financial Intelligence Centre (FIC) recently had several queries from the media about whether it had acted lawfully in providing certain information to the Office of the Public Protector. “The FIC generally does […]
Credit Act – Very limited opportunity to engage on possible reviews
LegalBrief recently shared that comment is required by 27 September on a discussion document emerging from a routine mandatory assessment of National Credit Act regulations and identifying several possibly requiring amendment. According to LegalBrief […]
Credit Act – Very limited opportunity to engage on possible reviews
LegalBrief recently shared that comment is required by 27 September on a discussion document emerging from a routine mandatory assessment of National Credit Act regulations and identifying several possibly requiring amendment. According to LegalBrief […]
Material misrepresentation and material non-disclosure at sales stage
In more than two thirds of the Ombudsman for Short-term Insurance’s (OSTI) finalised complaints in 2018, consumers were dissatisfied with the insurer’s decision on a claim. In its Annual Report the Ombud reported […]
Material misrepresentation and material non-disclosure at sales stage
In more than two thirds of the Ombudsman for Short-term Insurance’s (OSTI) finalised complaints in 2018, consumers were dissatisfied with the insurer’s decision on a claim. In its Annual Report the Ombud reported […]
Top Brands 2019 – How did the financial brands do?
While Samsung and Koo are SA’s overall favourite brands, how did the financial services brands do in the TopBrands Survey? This survey, conducted by Kantar on behalf of Tiso Blackstar Group and the […]
Top Brands 2019 – How did the financial brands do?
While Samsung and Koo are SA’s overall favourite brands, how did the financial services brands do in the TopBrands Survey? This survey, conducted by Kantar on behalf of Tiso Blackstar Group and the […]
Global Wealth Report – Gross financial assets of SA households declining
For the first time since the 2008 crisis, the wealth of households declined globally amid political uncertainties and fears of trade wars, according to the latest Allianz Global Wealth Report. The report shows […]
Global Wealth Report – Gross financial assets of SA households declining
For the first time since the 2008 crisis, the wealth of households declined globally amid political uncertainties and fears of trade wars, according to the latest Allianz Global Wealth Report. The report shows […]
South African Customer Satisfaction Index – Who has the most satisfied customers?
The latest South African Customer Satisfaction Index (SA-csi) for life insurance has just been released and it shows who has the most satisfied customers in the country. According to Consulta that conducted the […]
South African Customer Satisfaction Index – Who has the most satisfied customers?
The latest South African Customer Satisfaction Index (SA-csi) for life insurance has just been released and it shows who has the most satisfied customers in the country. According to Consulta that conducted the […]
Funeral Policy T&Cs – Ambiguity in the rules leads to uncertainty
With the release of the Annual Report of the Long Term Ombud earlier this year, Deputy Ombudsman Jennifer Preiss mentioned that her office noted a steady increase in complaints about funeral policies. In […]
