Discovery Health is engaging affected members individually after a processing error led to some pharmacy claims being paid beyond Above Threshold Benefit limits during 2025.
Around the financial advisory world, firms are moving from product-based commission to a servicing revenue model. This underlying shift has become widely known as “fee-for-service”, hereafter referred to as FFS. In certain jurisdictions, […]
Since the introduction of levies in 2007, this cost to FSPs has nearly doubled. My colleague, Paull Lawrence, very kindly updated his levy calculator. You can use this to calculate your obligation, […]
An alert Moonstone compliance officer advised us of an outfit calling themselves Legal Centre who are employing dubious marketing tactics to make money out of unsuspecting individuals and businesses. They are punting PAIA […]
In a media release on 21 May 2013, the Financial Services Board (FSB) announced that it had initiated regulatory action against Old Mutual for transgressions of Directive 159.A.i which applies to both the […]
This just about sums up everything South Africans, and the world, faced this weekend. Merion makes mincemeat of the world’s best players Justin Rose, winning by two shots after finishing at one over […]
The levies in respect of those listed below show an increase of 8%, compared to last year. The same dates used in the past will apply – payment is due by the […]
A discussion document, published on 11 June, provides clarity on how the FSB proposes to proceed with regulating 3rd party cell captive and “similar” arrangements. Some of the key proposals include that: Cell […]
This was the remark made by my colleague, Bobby, when he read about Brian van Zyl publicly contradicting John Smit regarding the future of John Plumtree in Sharks rugby. John certainly is no […]
Unintended consequences often defeat the object of the exercise. It appears as if this is also happening in financial regulation, internationally. It is common knowledge that much of the regulation of financial services […]
You are Proudly South African when: You call a traffic light a “robot”. You call an elevator a “lift” You call a car hood a “bonnet” You call a car trunk a “boot” […]
Springpoint Finance (Pty) Ltd is launching a pioneering service aimed at ultimately bringing the client and the financial advisor together, through an extensive consumer awareness and educational campaign in the printed and electronic […]
This Board Notice (BN 119 of 2013) provides for an exemption from the current Fit and Proper requirements to two categories of FSPs, and affirms the dates for those not included in this exemption. […]
This Board Notice, (BN 120 of 213) published on 5 June, exempts all FSPs from having to write the level 2 REs until further notice. No rationale for this decision is contained in […]
On the whole, most SA rugby fans will be pleased with the performance of the Springboks on Saturday. There are a few concerns, notably at the kick-offs, where they did not field the […]
Retirement Annuities are making the headlines, again, but for the wrong reasons. The most recent determination by the Pension Fund Adjudicator (PFA) made the headlines in Personal Finance, and was followed by a […]
The article below is, in the main, an extract from a media release by ASISA. The Association for Savings and Investment South Africa (ASISA) warned that, if the abuse of hospital cash plans […]
At the end of 2011, the FSB invited various industry bodies, representing both product providers and intermediaries, to respond to proposals on how remuneration could be “reformed” to ensure that it was fair […]
