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Home / Posts tagged “#InsuranceAct”

#InsuranceAct

Videos

Video interview: New mutual insurer enters the market

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2025 FPI Convention Highlights with Lelané Bezuidenhout and Ronald Matande

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Interview with Nicola Langridge, 2025 Financial Planner of Year

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Updated | Dates for workshops on funeral insurance regulations

Roleplayers in the funeral industry can book for an online workshop hosted by the FSCA and the Prudential Authority.

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Make your CPD hours count before the 31 May deadline

With the clock ticking, MBSE’s flexible, value-packed online CPD courses help you stay compliant and grow professionally – even at the last minute.

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Court backs FST’s decision to scale down penalty for insurance breach

The judgment confirms that the Tribunal acted within its authority when it reduced a penalty imposed by the Prudential Authority on two state-owned insurers.

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FSCA’s contingency plan: navigating COFI delays and licensing overhaul

The FSCA is preparing for the massive task of migrating about 12 500 financial services providers into the new COFI framework.

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Funeral home fined R11.4m for unauthorised insurance business

The two directors were debarred for 20 and 10 years, respectively.

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Removal firm fined for offering insurance without authorisation

The FSCA fines Kings International Removers R1.1 million and debars its owner for eight years.

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FSCA fines funeral service R4.4m for unauthorised insurance operations

The two directors of Hernell Funerals have been debarred for 10 years and five years, respectively.

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Battle between PA and insurers: court clarifies regulatory powers

The High Court confirms the Prudential Authority’s right to challenge Tribunal decisions while affirming the limits of retrospective penalties.

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FSCA and PA to revamp funeral insurance regulations – call for stakeholder input

Inputs provided during workshops in 2025 will guide the formulation of ‘a pragmatic and balanced approach’ to the regulation and supervision of funeral insurance.

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Authority highlights regulatory focus areas in 2024

FSCA pinpoints lack of oversight by KIs, FICA non-compliance, and unauthorised copy trading and funeral insurance business.

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Tribunal: clear separation of first-party and third-party risks within cell structures

The decision clarifies the boundaries and regulations concerning reinsurance business conducted through cell captive structures.

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FSCA issues directive to funeral service: thousands of clients affected

The Authority instructs Hernell Funerals to cease operating as an unauthorised FSP and insurer.

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Investigations uncover sale of funeral policies without underwriting

One of the businesses admitted to issuing more than 4 000 policies and collecting R14 million in premiums without having a licensed underwriter.

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Investment Rates

 

Updated 1 December 2025

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Money Market funds

Updated 1 December 2025

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Time is running out to influence FSCA’s new Risk Return
https://youtu.be/IfkYjnO7OVY
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