The local Collective Investment Schemes (CIS) industry reported strong net inflows of R52.8 billion in the first quarter of this year, the third highest quarterly net inflows recorded in five years. This is […]
In the past editions, we have published many articles on the outcome of various FAIS Ombud as well as Financial Services Tribunal decisions, highlighting legislation and regulatory requirements as well as many guidelines […]
LegalBrief Today reported as follows on the postponement of the establishment of an Ombud council and recognising industry Ombud schemes contained in the FSR Act: “The commencement date of Chapter 14 of the 2017 […]
The FSCA has just released a Draft Conduct Standard for Banks. The objective of the document is to introduce requirements that promote the fair treatment of financial customers of banks. The draft Conduct […]
The Council for Medical Schemes has recently released the proposed amendments to Regulation 31 and 32 of the Medical Schemes Act. Regulation 31 deals with the amounts payable to register a medical scheme, […]
The Momentum/Unisa South African Household Index of Q4 2018, found that 6.3% of households’ real net wealth was wiped out over the course of just one year. This is the largest reduction households suffered […]
On 1 April 2018, the debarment process under the FAIS Act was amended by FSR Act 9 of 2017. Besides stipulating that an FSP must, before debarring a person, take specific steps, the […]
Life cover is generally perceived to be appropriate for married couples and family breadwinners. The direct marketing company, Olico, has however now found that the most common buyer of life assurance is not […]
In the current tough economic times, and as financial pressures increase, fraudulent claims are a major challenge to the short-term insurance industry. In order to address this, insurers rely more and more on […]
Media update’s Aisling McCarthy recently took readers through a list of 15 terms that you’ll need to know in order to fully understand the POPI Act. The Protection of Personal Information Act or […]
Media update’s Aisling McCarthy recently took readers through a list of 15 terms that you’ll need to know in order to fully understand the POPI Act. The Protection of Personal Information Act or […]
Just before year end, the Financial Sector Conduct Authority (FSCA) published FSCA Communication 2 of 2018: Update on the future of the premium collection regulatory framework under the Short- and Long-term Insurance Acts. […]
Just before year end, the Financial Sector Conduct Authority (FSCA) published FSCA Communication 2 of 2018: Update on the future of the premium collection regulatory framework under the Short- and Long-term Insurance Acts. […]
– Aims to build trust not expose hidden costs “Big financial services companies may soon need to find new ways to pad their earnings, as a new industry standard is threatening to expose […]
The National Consumer Tribunal found that the “on the road fee”, admin fee and handling fee charged by Volkswagen Financial Services South Africa (Pty) Ltd (VWFS) on credit agreements are unlawful. Although this […]
Alexander Forbes Health recently published its latest edition of Diagnosis, an annual publication that analyses key trends in the medical schemes industry from 2000 to 2017. “Members can be confident that the country’s […]
In September 2018, the Council for Medical Schemes (CMS) published a Draft Framework for Medical Schemes Consolidation for comment. In response to these comments the CMS has done additional analysis and as a […]
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