‘Proposal to end medical tax credits will reduce disposable income’
A family of four will lose R14 640 a year, says Tax Consulting SA.
OMNI-CBR will be embedded in new supervisory technology platform
Financial institutions are advised to pause their internal Conduct of Business Return initiatives pending further communication from the FSCA.
Axiam is preparing to take legal action against Craig Warriner
The specialist fund manager says Warriner was not authorised to initiate or conclude any investment mandates on the company’s behalf.
Discovery Connect acts against sales agents who manipulated clients’ policies
The Financial Services Tribunal hears the reconsideration applications brought by three of the 15 implicated agents.
Road Accident Fund ordered to compensate widow in suicide-related appeal case
The High Court found there was a clear causal connection between the injuries and the sequelae suffered by the deceased and his suicide.
Funeral policy fraud: know how to protect yourself
While insurers say that the number of claims found to be fraudulent remains ‘stable’, funeral insurance continues to attract a high incidence of fraud and dishonesty.
Clientèle to buy 1Life Insurance in R1.9 billion transaction
The merger will create a combined embedded value of about R7.8 billion, and the insurers have 1.5 million active policies.
Man who married four wives loses claim to 50% of his first wife’s pension interest
The first wife bought wedding dresses for the third and fourth wives, but this did not prove that she consented to the marriages.
Complaints lodged against BHI Trust date back six years
A formal FSCA investigation into BHI Trust in 2020 found that several financial sector laws had been contravened.
Financial Intelligence Centre ‘freezes’ BHI Trust bank account
The court-appointed joint provisional trustees of BHI Trust are urging investors and creditors to submit their claim forms timeously.
Two defective intention notices scupper representative’s debarment
FNB argued the Tribunal should accord greater weight to the severity of the rep’s misconduct than to ‘procedural mis-steps’.
Insurer ordered to pay R16 million claim for stolen masks
The High Court rejects Compass’s submissions that the insured made a material misrepresentation and breached a warranty.
Manati’s alternative student funding opens doors to education
Students who enrol with MBSE have four options to fund their studies. This week, we look at what Manati offers.
Enhance your HR skills by attending our insightful webinars in November
The free webinars will provide you with the skills to investigate misconduct and manage poor performance.
High Court rules on regulator’s bid to stop prepaid healthcare vouchers
The Registrar believes the products sold by Netcare Plus and Discovery Health constitute the business of a medical scheme.
Must a retirement fund impose a timeline on an employer to institute civil proceedings?
More than a year passed between the employer indicating that it reserved its right to withhold a former employee’s withdrawal benefit and instituting civil proceedings against him.
Tribunal: a CCMA case has nothing to do with debarment
The FST emphasises that labour-related and FAIS-related matters are distinct.
Sasfin fires employees implicated in money-laundering investigation
The South African Reserve Bank intends to impose sanctions for alleged contraventions of FICA, the Exchange Control Regulations, and the Banks Act.
