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.
Delaying the implementation date and raising the seeding cap are among the announcements and clarifications.
The reinsurance market will remain hard for the foreseeable future, and most reinsurers believe another July 2021 is just around the corner, says chief executive.
SCA rules on the dispute between KGA Life and Multisure that arose after the cancellation of the intermediary agreement.
The FSCA and the FAIS Ombud have announced their proposed levy and fee increases for 2024/25.
Retirement industry bodies plead for a later implementation date, but Cosatu says 1 March next year is a ‘red line’.
Organisations representing the retirement industry call attention to the ‘problematic’ provisions in the draft legislation for the two-pot retirement system.
There 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.
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