Ombud Council wants to avoid another property syndication complaints scenario
The problems with resolving these complaints also highlight the need to integrate the advice- and the product-related ombud schemes.
The problems with resolving these complaints also highlight the need to integrate the advice- and the product-related ombud schemes.
The decision clarifies the application of an amended rule to the calculation of a withdrawal benefit that accrued before the amendment was approved and registered.
Evercrest Capital collapsed 16 years ago after it incurred a huge loss trying to short Sanlam’s shares.
The insurer was entitled to provide security for the disputed balance of the storage costs to have the motor vehicle released and stop incurring further charges.
No evidence that staff were instructed to verify prospective clients’ addresses using blank letters provided by the municipality, FST finds.
Adjudication of the complaints requires hearings, which are more conducive to a court of law, the Ombud says.
The most notable are changes to the definition of ‘foodstuffs’, as well as the requirements for applying for registration and claiming refunds.
Latest Savings & Investment Monitor contains insights into South Africans’ appetite for investment risk and investing offshore.
With reserves reaching R8.8 billion, can members expect that very low contribution increases will automatically follow?
FST does not accept submission that the impact of Covid on the markets absolved the employer of liability for the loss.
The former bank manager’s actions were driven by desperation, but the FAIS Act is not forgiving, the tribunal says.
How accessibility and seeding will impact members of defined-benefit retirement funds.
Money in the savings pot should be withdrawn only as a last resort, for absolute financial emergencies.
Administrators are concerned there is not enough time for financial advisers and members to understand the implications of the changes.
The payment percentages should apply individually to each event within the policy’s benefit groups, judge finds.
Health department deputy director-general says NHI could function as efficiently as Sars or the Airports Company.
Ministry of Transport instructed to appoint a new board after Members of Parliament witness ‘a national disaster’ at the fund’s offices.