FAIS Ombud’s report identifies FSP ‘problem areas’
These include delays with funeral policy claims, advice to clients who buy living annuities, and insurance policy disclosures.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreThese include delays with funeral policy claims, advice to clients who buy living annuities, and insurance policy disclosures.
Attendance is limited to the first 1 300 people who register.
It’s possible that, at some point, providers of crypto asset services will be required to submit third-party data to Sars.
Ignoring emailed notices of an intention to debar doesn’t make them go away.
Debarment is an extremely important aspect of your obligations and rights under the FAIS Act and the Financial Sector Regulation Act.
Ruling provides clarity on the licensing requirements for local agents of foreign providers.
Tribunal asked to rule on the impact of a labour dispute settlement agreement on an FSP’s debarment decision.
Which entities are included in the FSCA’s declaration, the transitional arrangements, and the conditions attached to the exemptions.
The exemptions apply to crypto FSPs, their key individuals and representatives, and crypto asset supervised representatives
The determination did not sufficiently address an adviser’s submissions on the extent of the complainant’s losses.
Financial Services Tribunal sets out why the policy’s absence from the record is not fatal to a procedurally fair process.
On Monday, we published an article about a case where the “breakaway kids” used the FSP’s client data to feather their potential future nest. Read: Representatives used FSP’s client info to obtain quotes […]
Financial Services Tribunal upholds their debarment, saying ‘filching’ client information is not only a contractual issue.
The FSCA this week announced it has fined KEB Prosperity (Pty) Ltd R50 000 for contravening the FAIS Act for three months of last year. In a statement, the Authority said an investigation found […]
A failure to adhere to the basic procedures set out in the FAIS Act resulted in the Financial Services Tribunal (FST) instructing an FSP to have another go at debarring a representative who […]
Another property syndication determination has been sent back to the FAIS Ombud, with the Financial Services Tribunal (FST) stating that the ombud had, among other things, not dealt fairly with the evidence of […]