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Members can expect payment delays when making withdrawals from the savings pot
The allocations to the savings component can happen only from 1 September onwards, says Old Mutual.
‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
Read moreThe allocations to the savings component can happen only from 1 September onwards, says Old Mutual.
The annual benefit escalations for policies that fall under the Demarcation Regulations.
The decision confirms that directors are generally not liable to the company’s creditors unless there is an abuse of the corporate structure.
The DPI applies to all FSPs excluding FSPs that are exclusively authorised to render financial services in respect of non-life insurance and/or health service benefits.
The heads of private bodies, information officers, or deputy information officers must be registered with the Information Regulator to submit an annual report.
The standard, which replaces GOI 5, governs outsourcing by insurers from a prudential and a conduct perspective.
The Hawks and the Authority are still investigating whether any of the assets administered by N-e-FG can be recovered.
The FSCA and PA urge financial institutions to prepare for the standard’s implementation despite the provision for a transitional period.
The Conservative government’s plan to eliminate the non-domicile tax regime could mean higher taxes for expats on foreign income from April 2025.
The member, along with two others, was criminally charged because of allegedly fraudulent conduct that cost the employer R4 million.
Senior staff at a wealth management company laid complaints against a former shareholder and client.
The rules now specify new requirements for review applications, including that the application must contain ‘no more than a concise statement of the grounds of review’.
The draft amendments address the misalignment between the current prescribed section 14 application forms and the upcoming two-pot regulations.
The decision clarifies the boundaries and regulations concerning reinsurance business conducted through cell captive structures.
The Authority instructs Hernell Funerals to cease operating as an unauthorised FSP and insurer.
A recent amendment means members of private or public companies who fail to prevent their ‘associates’ from participating in corruption will face liability.