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FSCA provides an update on progress with the move to COFI
The Authority’s latest three-year Regulation Plan does not specify by when the three-phase transition project will be completed.
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 Authority’s latest three-year Regulation Plan does not specify by when the three-phase transition project will be completed.
FSCA pinpoints lack of oversight by KIs, FICA non-compliance, and unauthorised copy trading and funeral insurance business.
Joint Standard 2 of 2024 outlines the measures and best practices financial institutions must adopt to ensure robust cybersecurity.
The sanctions follow an inspection of the Bank of China’s Johannesburg branch three years ago.
The standard, which replaces GOI 5, governs outsourcing by insurers from a prudential and a conduct perspective.
The FSCA and PA urge financial institutions to prepare for the standard’s implementation despite the provision for a transitional period.
The group is shifting from ‘bank-build mode’ to a testing phase with select banking partners.
The BHF raises 10 issues, including the ‘misuse’ of curatorships, whether NHI is informing policy prematurely, and the absence of low-cost benefit options.
The 13th Allianz Risk Barometer reveals that deepfake video technology, aimed at facilitating phishing scams, is now readily available online, priced as low as R377 a minute.
A Sanlam insurance law expert discusses the implications of the proposed Long-term Insurance Amendment Bill for insurance companies and the public.
The insolvency specialist was fatally shot two days after filing an urgent application to initiate a section 417 inquiry, the publication says.
A review of the entire structure of the funeral class would be a better way to prevent over-selling, says Moonstone Compliance’s Paull Lawrence.
The administrative sanctions are the result of an inspection conducted by the Prudential Authority three years ago.
National Treasury will introduce the COFI Bill ‘very soon’ and amend the Financial Markets Act to tighten regulation of the country’s financial markets.