The Financial Services Tribunal has ordered the FSCA to come up with an “appropriate” administrative penalty on Markus Jooste after it set aside the fine of nearly R162 million the regulator imposed on […]
The Ombudsman for Short-term Insurance (Osti) has rejected a policyholder’s argument that the insurance company should have inspected his property’s roof before providing cover. Following a storm, the insured submitted a claim for […]
The Ombudsman for Short-term Insurance (Osti) has rejected a policyholder’s argument that the insurance company should have inspected his property’s roof before providing cover. Following a storm, the insured submitted a claim for […]
Retirement funds should ensure employers are aware of their obligation to pay contributions, even while their employees are absent from duty. This was said by the Financial Services Tribunal when it upheld a […]
Retirement funds should ensure employers are aware of their obligation to pay contributions, even while their employees are absent from duty. This was said by the Financial Services Tribunal when it upheld a […]
The Financial Intelligence Centre (FIC) has issued a public compliance communication (PCC) that clarifies the requirement to determine whether a prospective client, existing client, the beneficial owner of the client and person acting […]
The Financial Intelligence Centre (FIC) has issued a public compliance communication (PCC) that clarifies the requirement to determine whether a prospective client, existing client, the beneficial owner of the client and person acting […]
The inability of police officers to breathalyse a driver who may be under the influence means an insurer has to rely on circumstantial evidence, such as statements from witnesses, to prove intoxication. However, […]
The Ombudsman for Short-term Insurance (Osti) has upheld an insurer’s decision to reject a travel insurance claim despite a medical specialist stating that the policyholder might not have been suffering from a pre-existing […]
The SA Revenue Service (Sars) will introduce changes to its systems from 1 March 2022 so that taxpayers who receive income from more than one source, and where one of the sources is […]
The Financial Services Tribunal has upheld the debarment of West-Pro Holdings’ managing director and key individual for falsely claiming that the administrator’s funeral policies were underwritten by Old Mutual. It also upheld the […]
The Financial Services Tribunal has upheld the debarment of West-Pro Holdings’ managing director and key individual for falsely claiming that the administrator’s funeral policies were underwritten by Old Mutual. It also upheld the […]
All employees in the private security sector, irrespective of their job description, must become members of the Private Security Sector Provident Fund, and likewise all employers in the sector must participate in the […]
All employees in the private security sector, irrespective of their job description, must become members of the Private Security Sector Provident Fund, and likewise all employers in the sector must participate in the […]
A decision made by a fund’s trustees can be interfered with only where it can be shown that they have taken irrelevant, improper and irrational factors into consideration, and where it can be […]
A decision made by a fund’s trustees can be interfered with only where it can be shown that they have taken irrelevant, improper and irrational factors into consideration, and where it can be […]
A case that came before the Financial Services Tribunal has underscored the importance of ensuring that divorce settlements conform to the provisions of the Pension Funds Act and the Divorce Act when addressing […]
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