FAIS Ombud told to reconsider complaint against Old Mutual for rejecting liability claim
Tribunal was ‘not afforded the courtesy’ of an explanation for the ombud’s failure to respond to questions from the deputy chairperson.
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 moreTribunal was ‘not afforded the courtesy’ of an explanation for the ombud’s failure to respond to questions from the deputy chairperson.
Tribunal repeats its previous ‘recommendation’ that the FAIS Ombud obtain oral and expert evidence to resolve the disputes of fact.
Referring clients to another broker does not constitute advice for the purposes of the FAIS Act.
And how the Financial Services Tribunal assesses whether the fine was appropriate.
Meanwhile, the High Court dismisses Trustco’s bid to have the FST’s November 2021 decision reviewed and set aside.
The Adjudicator also failed to apply the Pension Fund’s Act prescription provision correctly, tribunal says.
Tribunal considers whether the insurers in some way gave their consent to IGM investing the premiums in illiquid assets.
Can the FSCA fine persons not domiciled within the jurisdiction of South Africa’s courts?
It also clarifies the relationship between the courts’ findings and the reconsideration application.
Pension Funds Adjudicator also failed to appreciate the prospect that Absa’s civil claim would succeed, says the tribunal.
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.
Tribunal asked to rule on the impact of a labour dispute settlement agreement on an FSP’s debarment decision.
Insurer argues that ‘days’ means ‘normal days’, but the Financial Services Tribunal does not agree.
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.