FSCA proposes to align waiting periods for microinsurers and traditional insurers
The waiting period restriction in the Policyholder Protection Rules puts microinsurers at a competitive disadvantage, the Authority says.
Authority releases report on fines, debarments, investigations, and licence suspensions and withdrawals in 2023/24.
Read moreThe waiting period restriction in the Policyholder Protection Rules puts microinsurers at a competitive disadvantage, the Authority says.
The decision comes in the same week in which Steinhoff is due to be liquidated and delisted.
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The company did not inform shareholders timeously of the effects of a change to the terms of a loan.
The Ombudsman for Long-term Insurance rules that Fedgroup Life must pay an employee’s mental illness claim.
The debarment procedure did not comply with the FAIS Act in a number of ways, the FST finds.
The FIC’s intelligence reports contributed to the recovery of more than R5.8bn in criminal proceeds in 2022/23.
‘Conduct of this kind undermines public confidence in financial markets and leads the general public to believe that the system is rigged and unfair,’ Tribunal says.
SCA rules on the dispute between KGA Life and Multisure that arose after the cancellation of the intermediary agreement.
The High Court has dismissed the administrator’s second attempt to compel the Fund to resume processing medical scheme members’ claims.
The FSCA plans to release the remaining modules in March 2024.
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 draft legislation allegedly restricts a road accident victim’s right of access to the courts and does away with general damages compensation.
There is a view that the High Court’s judgment means the in duplum rule does not apply to section 13A(7) interest.
Most experience stress when managing their day-to-day personal finances.