I-FSCA yarhoxisa ilayisenisi ye-Luvuyo’ kwinyanga yeThupha emva kokuba uthotho lwezigqibo lufumanise ukuba le nkampani ayiphumelelanga ukuhlawula amabango kwaye yasebenza ngaphandle kombhali ongaphantsi.
Trustees and administrators face a modernised regulatory framework designed to raise standards, strengthen accountability, and ensure fair outcomes for members.
The Association’s proposal will embed COFI’s principles and the TCF outcomes into debt-counselling practice.
Outgoing Adjudicator Muvhango Lukhaimane says the system has laid bare long-standing non-compliance with section 13A of the Pension Funds Act.
The FSCA revoked Luvuyo’s licence in August after a string of determinations found the firm failed to pay claims and operated without an underwriter.
The funeral provider has faced repeated determinations this year after failing to settle valid claims.
Compliance expert Anton Swanepoel says financial services providers must adopt a winning mindset, strategy, and tech-driven approach.
Luvuyo Burial and Consulting did not pay the claims in full even after the Ombud’s Office intervened.
Early preparation for COFI will give firms a competitive edge and help to avoid the compliance scramble seen during FAIS implementation.
The beneficiaries waited months to be paid their funeral policy benefits, but they received only partial pay-outs despite undertakings to the contrary.
Overlooking crucial risk management steps can significantly affect brokers’ liability exposure and their PI insurance coverage.
A survey shows that only 8% of consumers lodged complaints with financial institutions between 2021 and 2023. Does this figure reflect genuine satisfaction or signal barriers in the complaint process?
One digital bank emerges head and shoulders above the rest in the 2024 South African Banking Sentiment Index.
Moonstone Business School of Excellence’s range of online qualifications, short courses, and CPD courses enable you to benefit from continuous education.
The Authority’s Statement on Consumer Vulnerability will inform its engagements with stakeholders, starting this year.
