
FSP pays R50 000 settlement because of missing record of advice
A complaint over a claim for stolen jewellery prompts the FAIS Ombud to emphasise the importance of maintaining a proper record of advice.
Strong market performance lifts assets to record highs, but lapses and protection gaps persist beneath the surface.

A complaint over a claim for stolen jewellery prompts the FAIS Ombud to emphasise the importance of maintaining a proper record of advice.

The prescribed interest rate isn’t just a technicality – it determines how much extra you’ll pay (or receive) in a legal dispute, and once it applies to a debt, it stays locked in, even if rates drop later.

In response to stakeholder concerns over increased costs, the FSCA says the requirements can be scaled to each institution’s size and complexity.

The new draft introduces a phased approach, initially focusing on positional reporting to overcome challenges identified in earlier consultations and to enhance oversight of short selling.

The Authority has withdrawn the temporary exemption for retirement fund transfers, signalling the full implementation of updated regulatory requirements.

The FSCA’s latest Retirement Funds Statistical Report highlights trends in fund membership, asset growth, and investment performance.

Highlights from Day 2 of the FSCA Industry Conference 2026. Please click the link below to watch the full video on our YouTube channel.

The need to get South Africa off the grey list has seen the FSCA beefing up its supervisory and licensing capacities.

IRS, which is set to go live in 2026, will leverage smart analytics to automate risk assessments and provide a comprehensive view of regulated entities.

From its roots in corporate insurance training to leading the charge in online learning, Moonstone Business School of Excellence is shaping the future of financial services education.

Another attempt by the Road Accident Fund to contest liability based on the ‘majority decision’ against Discovery Health has fallen through.

The Financial Services Tribunal dismisses a reconsideration application by a former representative who claimed a client e-signed documents in person.

Five investors sought to recover their money, but the High Court ruled their funds were part of an illegal operation and must be forfeited to the state.

The suppliers, which abandoned a home renovation and denied a refund for a defective vehicle respectively, were also fined a total of R250 000.

A little-known legal provision can have major consequences for divorced individuals who do not update their wills.

Promises of unrealistic returns are clear sign that a scam is afoot.
Day 1 highlights from the FSCA Industry Conference 2026, presented by Mark Bechard. View the full video on our YouTube channel via the link below and subscribe for ongoing updates: