FAIS Ombud budgets for more levy income despite 0% increase
The Office can no longer look to the FSCA to make up for any shortfalls in income.
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 Office can no longer look to the FSCA to make up for any shortfalls in income.
Bridging finance from National Treasury may not be required now that it has certainty of receiving levy and special levy income.
The document lists 3 262 employers that are at least four months in arrears – and the worst offenders are 20 years behind.
Mbalane Financial Services tells the Tribunal it was entitled to wait for a final forensic report from Old Mutual.
The Appeal Board’s decision underscores the crucial role of risk management and compliance in the financial sector’s battle against money laundering and terrorism financing.
Craig Massyn submits the penalties imposed on him were disproportionately large compared to those imposed on the other directors of the Praesidium Group.
A trustee must attain TKK certification within six months from the date of appointment or election to the board.
Law firm’s insights shed light on identifying warning signs and creating safeguards within stokvels to prevent misuse and promote trust.
From individuals impersonating the FSCA to falsely presenting themselves as legitimate FSPs, alleged fraudsters are coming at consumers from all sides.
Did the FSCA’s regulatory reach extended to UK pension funds and structures, held offshore, and permitted and regulated by UK and European Union law?
Unscrupulous operators are taking advantage of the ‘light touch’ regulation of the stokvel sector. Here’s what you should know about the laws and bodies that govern stokvels.
Interpretation Ruling 1 of 2020 incorrectly brought an unclaimed benefit within the ambit of section 37C of the Pension Funds Act.
The problems with resolving these complaints also highlight the need to integrate the advice- and the product-related ombud schemes.
It also found that customers’ perceptions of how financial institutions – specifically, their bank – treat them affects their uptake of insurance.
Respondents believe that charges should be for the ‘core’ financial product or service only, with additional features perceived as free add-ons.
A member of United African Stokvel shares why she invested R200 000 despite her initial misgivings.