New implementation date for National Financial Ombud
The Ombud Council also provides an update on the status of the new FAIS Ombud rules.
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 Ombud Council also provides an update on the status of the new FAIS Ombud rules.
As car insurance underwriting becomes increasingly intricate, brokers play a crucial role in informing clients of the distinctions between private and business usage.
The consultant should have provided the available options to the insured and left it to the insured to decide which category best suited his business.
Financial sector participants should take note of the differences between the NFO’s Rules and the rules of the existing ombud schemes.