Medical Schemes – Broker fees increased
The Council for Medical Schemes (CMS) recently announced the approval of an increase in the maximum amount payable to brokers in terms of Section 65 of the Medical Schemes Act (131 of 1998). […]
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Changes to aspects of FAIS Ombud’s approach to handling complaints
The new Rules also incorporate the proposal to raise the Ombud’s jurisdictional limit from R800 000 to R3.5 million.
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FIC guidance on risks related to geographical areas
The Financial Intelligence Centre (FIC) has issued Public Compliance Communication 49 (PCC 49) that provides guidance on certain money laundering (ML), terrorist financing (TF) and proliferation financing (PF) risk considerations and provides suggested […]
FIC guidance on risks related to geographical areas
The Financial Intelligence Centre (FIC) has issued Public Compliance Communication 49 (PCC 49) that provides guidance on certain money laundering (ML), terrorist financing (TF) and proliferation financing (PF) risk considerations and provides suggested […]
TransUnion’s Industry Insights Report – Impact of pandemic still very real on consumer credit market
“South Africa’s consumer credit market remains subdued as the pandemic continues to impact household finances,” according to the TransUnion’s Q4 2020 South Africa Industry Insights Report. This in the midst of the just-released […]
TransUnion’s Industry Insights Report – Impact of pandemic still very real on consumer credit market
“South Africa’s consumer credit market remains subdued as the pandemic continues to impact household finances,” according to the TransUnion’s Q4 2020 South Africa Industry Insights Report. This in the midst of the just-released […]
Divorce and your retirement savings
Although the official statistics for South Africa’s divorce rate during COVID-19 are yet be released, StatsSA, in its 2019 Marriages and Divorces report, found that the divorce courts processed 23,710 divorces. Globally, the […]
FIC Public Compliance Communication 12A provides guidance on outsourcing of compliance activities to third parties
In June 2020, the Financial Intelligence Centre (FIC) called for comments from accountable institutions, reporting institutions, supervisory bodies, and other persons, as discussed in a Moonstone article titled “Draft Public Compliance Communication 12A […]
CMS releases results of COVID-19 Vaccines Survey on people’s attitudes
The public’s response and attitude to vaccination against the various strains of the Covid virus is a hot discussion topic, and fertile ground for conspiracy theories. The Council for Medical Schemes (CMS) conducted […]
CMS releases results of COVID-19 Vaccines Survey on people’s attitudes
The public’s response and attitude to vaccination against the various strains of the Covid virus is a hot discussion topic, and fertile ground for conspiracy theories. The Council for Medical Schemes (CMS) conducted […]
CIS industry somewhat surprisingly attract record breaking net inflows in 2020
From strong net inflows of R123.2 billion for 2019, to record breaking net inflows of R213 billion in 2020, the local Collective Investment Schemes (CIS) industry recorded its highest increase ever in the industry’s […]
Long-term insurance statistics – Pay-outs again reflect the importance and value of what we do
Policyholders and beneficiaries received claims and benefit payments worth R522.7 billion from South African life insurers in 2020. According to the long-term insurance statistics released by the Association for Savings and Investment South […]
Long-term insurance statistics – Pay-outs again reflect the importance and value of what we do
Policyholders and beneficiaries received claims and benefit payments worth R522.7 billion from South African life insurers in 2020. According to the long-term insurance statistics released by the Association for Savings and Investment South […]
Was this advice given, taking due care and diligence? You be the judge
Justice delayed is justice denied. A recent determination, which resulted in the matter being referred to the Tribunal, underlines the validity of this old saying. A brief glance at the latest determinations published […]
Was this advice given, taking due care and diligence? You be the judge
Justice delayed is justice denied. A recent determination, which resulted in the matter being referred to the Tribunal, underlines the validity of this old saying. A brief glance at the latest determinations published […]
FSCA requires FIC compliance information by 31 March 2021 – read FAQs here
In February 2021, the FSCA published a Notice to make the industry aware that the Directive to provide information (DPI) for 2021 is available for online completion and submission from 1 March 2021 […]
FSCA requires FIC compliance information by 31 March 2021 – read FAQs here
In February 2021, the FSCA published a Notice to make the industry aware that the Directive to provide information (DPI) for 2021 is available for online completion and submission from 1 March 2021 […]
