Adjudicator is studying judgment on late-payment interest on arrear contributions
There is a view that the High Court’s judgment means the in duplum rule does not apply to section 13A(7) interest.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreThere is a view that the High Court’s judgment means the in duplum rule does not apply to section 13A(7) interest.
The fact that the applicant did not sell any products or receive remuneration did not nullify his status as a representative.
Standard Bank debarred a branch team leader for using her own money to activate four accounts without the customers’ consent.
The member’s benefit was transferred from the money market investment into the fund’s business account.
Clientèle wants the Payments Association of South Africa to change its rules so that it can contest a debit order reversal.
Couple allege the bank said it would freeze the account when it became aware of the fraudulent transaction.
The Tribunal reiterates that FSPs should not issue a debarment purely on the outcome of a disciplinary hearing.
Mbalane Financial Services tells the Tribunal it was entitled to wait for a final forensic report from Old Mutual.
Bringing foreign currency into the country is regulated by the customs and excise legislation and falls under Sars, Kganyago tells MPs.
Judge says the FST did not follow a fair procedure when it summarily dismissed the reconsideration application.
Craig Massyn submits the penalties imposed on him were disproportionately large compared to those imposed on the other directors of the Praesidium Group.
The latest round of litigation between the Board of the Healthcare Funders and the CMS over low-cost medical schemes.
SCA also finds that the High Court should not have granted punitive cost orders against the fund.
The High Court was asked to rule on whether the clients’ financial loss was caused by breach of agreement or the Reserve Bank’s intervention.
Did the FSCA’s regulatory reach extended to UK pension funds and structures, held offshore, and permitted and regulated by UK and European Union law?
The problems with resolving these complaints also highlight the need to integrate the advice- and the product-related ombud schemes.