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The FAIS Ombud has some good news for FSPs
The FSCA and the FAIS Ombud have announced their proposed levy and fee increases for 2024/25.
Retirement fund members must ensure their fund has their correct details and they are registered as a taxpayer with SARS.
Read moreThe FSCA and the FAIS Ombud have announced their proposed levy and fee increases for 2024/25.
The proposed liability exclusions in the Road Accident Fund Amendment Bill will hit medical schemes and short-term insurers hard, legal experts warn.
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In line with previous financial years, FSPs will be the main contributors to the Authority’s revenue from levies.
The Office can no longer look to the FSCA to make up for any shortfalls in income.
Bridging finance from National Treasury may not be required now that it has certainty of receiving levy and special levy income.
The Authority conducted an inspection on the company last year following allegations of its potential involvement in money-laundering activities.
Retirement industry bodies plead for a later implementation date, but Cosatu says 1 March next year is a ‘red line’.
The draft legislation allegedly restricts a road accident victim’s right of access to the courts and does away with general damages compensation.
Legal missteps in a substitution application have left a R2.5m claim against a law firm implicated in a 2010 Ponzi scheme dead in the water.
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Organisations representing the retirement industry call attention to the ‘problematic’ provisions in the draft legislation for the two-pot retirement system.
There is a view that the High Court’s judgment means the in duplum rule does not apply to section 13A(7) interest.
Thabile Nyaba, chief risk and sustainability officer at Old Mutual Insure, shares how the insurance industry can help South Africa to weather the economic and geopolitical storm.
One of the guides applies to the Income Tax Return for Trusts.
The fund says there is an ‘unholy alliance’ between the Council for Medical Schemes and the administrator to ‘misinform’ medical scheme members.