Tribunal sets aside debarment of consultant who changed record of advice
The far-reaching implications of debarment were not justified in the circumstances, the FST finds.
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 moreThe far-reaching implications of debarment were not justified in the circumstances, the FST finds.
Former Standard Bank staff contend that the FAIS Act did not apply to their debarment and conduct.
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A single act of dishonesty, incompetence, mismanagement or negligence may not by itself be grounds for debarment.
This case sends a serious warning to those who allow “spotters” to work under their licence.
Tribunal draws attention to the effect of selling the franchise house business on the financial adviser agreement.
Discrepancy between the figures on his benefit statement and those on Sanlam’s website.
This is a year after the Financial Services Tribunal set aside the Authority’s penalty of almost R162 million.
The FSCA had already reduced the penalties and dropped the intention to debar for 10 years.