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 amended Fit and Proper requirements of Board Notice 194 of 2017 determined various requirements that need to be implemented and complied with before specific deadline dates. Since the release of the original […]
Since April 2018, the FSR Act includes the Pension Funds Adjudicator (PFA) as a “decision-maker” and is therefore in a position to entertain appeals against determinations handed down by the PFA. In one […]
Since representatives have been given the right to appeal to the Financial Services Tribunal against debarment decisions, many such actions have been set aside by this appeal body. In most of these cases […]
– Allan Gray investigates Investors with exposure to equities in 2018 may have been subjected to a disappointing performance. As a result they may or might be considering the safe haven of cash, […]
– Allan Gray investigates Investors with exposure to equities in 2018 may have been subjected to a disappointing performance. As a result they may or might be considering the safe haven of cash, […]
– Latest tracker results shows increase Bryte Insurance has recently released its latest crime-tracker report, for the period July to September 2018. The Q3 2018 Bryte Crime Tracker serves as an indicator of long-term […]
– Latest tracker results shows increase Bryte Insurance has recently released its latest crime-tracker report, for the period July to September 2018. The Q3 2018 Bryte Crime Tracker serves as an indicator of long-term […]
The local Collective Investment Schemes (CIS) industry attracted net inflows of R93.5 billion in 2018, ending the year with assets under management of R2.24 trillion. The annual CIS industry statistics for 2018 was released by […]
The local Collective Investment Schemes (CIS) industry attracted net inflows of R93.5 billion in 2018, ending the year with assets under management of R2.24 trillion. The annual CIS industry statistics for 2018 was released by […]
Funeral claim declined as life covered not recognised as family member A recent Long Term Insurance Ombudsman determination involved equity, fairness as well the spirit of Ubuntu. Background The complainant had taken out […]
The FAIS Act and other legislation prescribe a number of requirements that individuals who provide financial advice must adhere to. Throughout your career you are reminded of these deadlines. The successful completion of […]
The FAIS Act and other legislation prescribe a number of requirements that individuals who provide financial advice must adhere to. Throughout your career you are reminded of these deadlines. The successful completion of […]
– Adjustment of broker fees The Council for Medical Schemes published Circular 4 of 2019 containing the details of the increase in broker fees. Regulation 28(2) published in terms of the Medical Schemes […]
– The right to state your case is not negotiable Audi alteram partem (or audiatur et altera pars) is a Latin phrase meaning “listen to the other side”, or “let the other side […]
– The right to state your case is not negotiable Audi alteram partem (or audiatur et altera pars) is a Latin phrase meaning “listen to the other side”, or “let the other side […]
The introduction of the Financial Services Tribunal (FST) created a platform for the reconsideration of decisions by any decision-maker in the financial services sector. With the establishment of the Tribunal the prediction was […]
