First wave of crypto asset service provider licences nears approval
The FSCA also confirms that one FSP licence has been provisionally suspended as part of its investigation into advisers who may have referred clients to BHI Trust.
FAIS Ombud highlights need for follow-up when a policy changes materially
Determination says a ‘reasonable broker’ would supplement a bulk email with an email or phone call to ensure the client is aware of new conditions.
Top ACFP student is proud to obtain a qualification from MBSE
Wealth portfolio administrator Susan du Toit says Moonstone’s reputation for integrity and professionalism stands out.
Is your Fit and Proper status future-proof?
Have you completed unit standards or credit-bearing programmes towards the FETC: Short-term Insurance or the FETC: Wealth Management?
What you should know about the FAIS competence requirements
The first in a series of articles that explains the competence requirements for people who want to enter the financial services industry.
South Africa faces economic headwinds as Fitch rating reflects concerns
Fitch’s recent affirmation of the country’s BB- rating underscores concerns about weak GDP growth, power shortages, faltering logistics, and a rising government debt-to-GDP ratio.
Family members in court for alleged multimillion-rand Ponzi scheme
The trio linked to Coin-It Trading were charged with fraud, contravening the FAIS Act and the Banks Act, and with money laundering.
Three FSPs’ licences, branding abused in social media investment scam
The FSCA is also investigating a company that may be selling guarantee insurance without authorisation.
Cap on healthcare broker fees increases by 5%
The new limit applies to contributions received from 1 January.
Proposed amendment Bill aims to end funeral cover over-insurance
A review of the entire structure of the funeral class would be a better way to prevent over-selling, says Moonstone Compliance’s Paull Lawrence.
Understand the nuances of anti-avoidance rules, or get a binding ruling
Sars binding private ruling highlights the importance of regularly reviewing the nature of a preference share or an equity instrument.
Surging specialists’ fees drive sharp increase in gap insurance claim values
A comprehensive option is no guarantee that your medical scheme will pay in full your bills for in-hospital treatment, says Sirago Underwriting Managers.
Directory of the FIC’s compliance communications issued in 2023
The directory contains a brief description of each document, a link to the document and, where available, links to other communication related to it.
New implementation date for National Financial Ombud
The Ombud Council also provides an update on the status of the new FAIS Ombud rules.
What you should know about a pension interest at divorce
A specific order in terms of section 7(8) of the Divorce Act is required if spouses want a retirement fund to make a deduction and payment to the non-member spouse.
Financial services entities recognised for exceptional HR practices
They are among the 138 South African employers to earn the accreditation of ‘top employer’.
CMS seeks reconsideration after court dismisses appeal on LCBO documents
The Supreme Court of Appeal’s dismissal of the Council for Medical Schemes’ appeal against providing documents to the Board of Healthcare Funders on low-cost benefit options marks the latest development in the ongoing legal dispute.
Insurance brokers ordered to pay R300 000 after failing to disclose crucial policy requirement
Insurance brokers are much more than ‘a mere conduit or post-box’, as per the General Code of Conduct, their duties and responsibilities extend far beyond that, the FAIS Ombud says.
