Vehicle insurance – Five ways to reduce premiums
2020 has been a tough year and many people are looking for ways to decrease their expenses. Many have considered it, and some have already cancelled their car insurance to ease the financial […]
FAIS Ombud highlights need for follow-up when a policy changes materially
Determination says a ‘reasonable broker’ would supplement a bulk email with an email or phone call to ensure the client is aware of new conditions.
Add-on insurance policies review – Extension for submission of requested information
As a result of increasing concerns that consumers are potentially experiencing poor outcomes emanating from the sale of add-on insurance policies at point of sale through motor dealerships or as part of vehicle […]
Fraud awareness – Don’t be a victim of sim swop
COVID-19 has impacted our everyday lives, from how we socialise, how we shop and even how we bank. According to health recommendations, one of the most effective ways to contain the current COVID-19 […]
Santam loses Business Insurance case – Helpers out, round number two?
On 17 November, the Cape High Court delivered a rather damning blow to the insurance giant’s hope of escaping liability under the business interruption clause, specifically as it relates to losses resulting from […]
FICA – Considerations relating to geographic areas published
The Financial Intelligence Centre (FIC) is calling for comments from accountable institutions, reporting institutions, supervisory bodies and other persons on the draft Public Compliance Communication 110 (draft PCC 110). According to the Consultation […]
Post-Covid world – How to achieve investment goals
In times of crisis, staying focused on the bigger picture is critical. “We too often see investors obsess over fund performance numbers. Yet, there seems to be little cognisance of the fact that, […]
Post-Covid world – How to achieve investment goals
In times of crisis, staying focused on the bigger picture is critical. “We too often see investors obsess over fund performance numbers. Yet, there seems to be little cognisance of the fact that, […]
Whose information is it any way?
A reader recently shared an example of one of the problems independent financial advisers face when attempting to provide holistic advice to a client. As often happens, clients have an array of products, […]
Whose information is it any way?
A reader recently shared an example of one of the problems independent financial advisers face when attempting to provide holistic advice to a client. As often happens, clients have an array of products, […]
FIC Webinars – Four opportunities to obtain a better understanding
The Financial Intelligence Centre (FIC), South Africa’s national centre for the receipt of financial data, analysis and dissemination of financial intelligence to the competent authorities, will be hosting various insightful webinars in November: […]
FIC Webinars – Four opportunities to obtain a better understanding
The Financial Intelligence Centre (FIC), South Africa’s national centre for the receipt of financial data, analysis and dissemination of financial intelligence to the competent authorities, will be hosting various insightful webinars in November: […]
South African Banking Sentiment Index 2020 – Banks fail social media response test horribly
New entrants, African Bank and Discovery Bank, claimed the first and last positions respectively in BrandsEye’s annual South African Banking Sentiment Index. In its fifth year of producing the Index, BrandsEye collected more […]
South African Banking Sentiment Index 2020 – Banks fail social media response test horribly
New entrants, African Bank and Discovery Bank, claimed the first and last positions respectively in BrandsEye’s annual South African Banking Sentiment Index. In its fifth year of producing the Index, BrandsEye collected more […]
Blow to cheaper primary health care – Discovery prevented from expanding approved services
Cheaper primary health insurance plans, which offer less cover than traditional medical scheme packages, require an exemption from the Medical Schemes Act by the CMS. In a recent ruling by the appeal board […]
Business Insurance Update – Three important court cases concluded next week
South African short-term insurers and their clients are awaiting two very important outcomes next week: the Supreme Court of Appeal judgment in the Café Chameleon case involving Guardrisk, and the Ma- Afrika case […]
Staff movements at FSCA
The Financial Sector Conduct Authority (FSCA) recently announced the following changes: ● The appointed of Mr Olano Makhubela to perform the functions of the Commissioner of the Financial Sector Conduct Authority (FSCA) for […]
Tribunal orders cut to the chase – Chancers are dealt with unceremoniously
The Financial Sector Regulation Act 9 of 2017 establishes the independent Financial Services Tribunal in terms of section 219 thereof. Upon application by aggrieved persons, the Tribunal is empowered to reconsider decisions of […]
