Misunderstanding explains consumers’ low trust in insurance, survey finds
It also found that customers’ perceptions of how financial institutions – specifically, their bank – treat them affects their uptake of insurance.
FSCA
What customers look for when choosing financial products and services
Respondents believe that charges should be for the ‘core’ financial product or service only, with additional features perceived as free add-ons.
Anger, despair, and hope – stokvel members respond to email urging patience
A member of United African Stokvel shares why she invested R200 000 despite her initial misgivings.
‘Unacceptable’ delay in prosecuting hedge fund manager, judge says
Evercrest Capital collapsed 16 years ago after it incurred a huge loss trying to short Sanlam’s shares.
FSCA’s cautions and warnings to the investing public
Use the online search facility on the Authority’s website before conducting financial services business with anyone.
Director’s passport blocked amid efforts to recover Classic’s assets
Claim documents have been sent to creditors as the provisional liquidators take steps to recover assets and secure funds held in the name of Classic Financial Services One.
Criminal investigation into Classic Financial Services and its director gets under way
Investors in Classic Financial Services have been told to wait before filing any further applications for the exclusion of their interest in preserved funds following its liquidation.
FSCA investigating stokvel following tip-off from a whistleblower
Members of United African Stokvel complain about outstanding pay-outs.
When will Cofi be served?
The FSCA publishes its updated regulatory agenda for the next three years.
Closer scrutiny of cross-border transactions is impacting individuals and businesses
The FSCA says the government is intensifying efforts to get South Africa off the grey list by January 2025.
FSCA extends merchant banks’ FAIS exemption
The exemption allows banks to provide financial services to certain clients without meeting the requirements of the FAIS Act.
No, you did not receive a WhatsApp from the head of the FSCA
The impersonator pretends to have information about an investigation … and solicits a ‘settlement payment’.
A handy guide to the payment of retirement fund contributions for trustees
What you should know about reporting, calculating penalty interest, the in duplum rule, and the employer’s liability.
Window period for crypto asset FSPs to apply for a licence opens on 1 June
The FSCA wants to know whether applicants are compliant with the Financial Intelligence Centre Act.
WhatsApp fraudsters are stealing and abusing legitimate FSPs’ branding
FSCA issues a spate of warnings about scammers impersonating authorised FSPs and offering unrealistic returns.
Director’s 10-year debarment excessive, tribunal finds
His FSPs were fined a total of R250 000 for selling two products before they were licensed.
Bid to join auditor, compliance officer in Insure Group claim fails
High Court rejects arguments that they owed the insurers a statutory duty.
