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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The global pandemic has caused disruptions to economies around the world. While the most devastating effects of the disease have been the number of infections and deaths, its economic consequences cannot be understated. […]
Client advice records, or the lack thereof, was identified as one of the trends in complaints contained in the latest annual report of the FAIS Ombud A tick-box exercise does not help the […]
A Sanlam independently commissioned survey on educational savings in South Africa showed that most participants save under R20 000 for education a year. Once school fees are deducted, that leaves little wiggle room […]
The annual webinar, aimed specifically at Financial Services Providers NOT required to appoint a compliance officer, will be hosted on Wednesday, 24 February 2021. The three-hour session is geared towards the changing “conduct” […]
The Council for Medical Schemes (CMS) has just published its quarterly report for the period ended 30 September 2020. Tasked with monitoring the financial performance and soundness of medical schemes, the CMS publishes […]
If Covid-19 has shown us anything, it underlined the fact that the future of life insurance belongs to the insurers who go out of their way to make their customers’ lives simpler and […]
The UK Supreme Court has upheld the judgement on the Financial Conduct Authority’s (FCA) business interruption (BI) insurance test case. This step completes the legal process for impacted policies and means that many […]
The Policyholder Protection Rules require insurers to ensure that policyholders are made aware of the existence of the time-limitation clause, as well as the implications thereof. This protects policyholders from being prejudiced by […]
The Preparation Guide outlines exactly what the examination will be testing and where to find the information. Studying the Preparation Guide is in fact the very first step a candidate should take to […]
The Preparation Guide outlines exactly what the examination will be testing and where to find the information. Studying the Preparation Guide is in fact the very first step a candidate should take to […]
Whilst the South African government has been heavily criticised by both the media and the public regarding the availability of a COVID-19 vaccine, the Council for Medical Schemes (CMS) has been co-ordinating public-private […]
The Taxation Laws Amendment Bill, announced in Parliament late last year, introduces new tax rules regarding the annuitisation of provident funds which will come into effect on 1 March 2021. A recent opinion […]
The Taxation Laws Amendment Bill, announced in Parliament late last year, introduces new tax rules regarding the annuitisation of provident funds which will come into effect on 1 March 2021. A recent opinion […]
Following the UK’s vaccine approval and other countries following, there is a possibility that once the COVID-19 vaccine is readily available and the associated risks of the disease are no longer top of […]
According to the 2019 consolidated statistics of fraudulent and dishonest claims, published by the Association for Savings and Investment South Africa (ASISA), there was a marked reduction in both the number of irregular […]
While the famous “Grinch” had its own personal reasons for avoiding the festive season and Christmas cheer, an individual’s credit score need not feel the same if managed properly notes Ayanda Ndimande, Business […]
