Why policyholders complained to the short-term ombudsman in 2023

‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.

From struggles to success: how Kediemetse Lekhoana turned obstacles into achievements

Enrolled in MBSE’s Advanced Certificate in Financial Planning, the mother of two refused to accept defeat and persevered until she obtained the qualification.

FSCA sets out how benefit transfers must be effected during transition to two pots

The Authority also publishes the proposed changes to the section 14 application forms for public consultation.

Classic Financial Services director and wife’s R66m gambling spree

The estates of the son and former wife of the director of Classic Financial Services have been sequestrated.

FSCA to launch retirement fund education campaign

The FSCA encourages members of retirement funds to check whether their employer is in arrears with their contributions.

FSCA flags MyWealth Legatus

The Authority warns the public to exercise caution with MyWealth Legatus, just three months after imposing R73 million in penalties on two of its affiliate companies.

FSCA investigating Finbok trading platform after complaints about refunds

The Authority emphasises that the investigation is not complete, and it has made no findings to date.

Unauthorised financial services business: FSCA issues a long list of entities and individuals

Boutique asset manager Denker Capital is the latest FSP to be impersonated by fraudsters operating on social media.

AfriForum criticises Craig Warriner’s plea deal for lack of disclosure

The recent plea deal resulting in a 25-year prison sentence for Craig Warriner is under scrutiny for allegedly failing to serve the interests of justice and providing minimal benefit to the State beyond administrative closure.

Certain FSPs and CIS managers must provide information about FICA compliance

The DPI applies to all FSPs excluding FSPs that are exclusively authorised to render financial services in respect of non-life insurance and/or health service benefits.

New Joint Standard to regulate insurers’ ‘material’ outsourcing activities

The standard, which replaces GOI 5, governs outsourcing by insurers from a prudential and a conduct perspective.

FSCA withdraws licence of FSP linked to collapsed N-e-FG

The Hawks and the Authority are still investigating whether any of the assets administered by N-e-FG can be recovered.

There’s ‘something fishy’ about these schemes

Impersonators who have knowledge of the Authority’s investigations into scams are using this information to extort money from victims.

Cybersecurity Joint Standard: Authorities announce likely commencement date

The FSCA and PA urge financial institutions to prepare for the standard’s implementation despite the provision for a transitional period.

Warriner hit with 30-year debarment as FSCA’s BHI probe continues

The suspension of Global & Local’s licence relates to its relationship with BHI Trust, the FSCA confirms.

Oceanfront’s licence provisionally withdrawn – MD linked to Medbond

Jaco van Heerden, once a director at Medbond, is the managing director of Oceanfront Financial Solutions, whose FSP licence has been provisionally withdrawn.

FSCA proposes amending the conditions for section 14 transfers

The draft amendments address the misalignment between the current prescribed section 14 application forms and the upcoming two-pot regulations.