Dates, specifically policy date and effective date, in the insurance world are critical and insurers each have their own definitions of those terms in their policies which they follow. A misunderstanding of the policy terms can lead to serious consequences for both the policyholder and insurer and, as is the case in this determination by the Financial Advisory and Intermediary Services Ombudsman (FAIS Ombud), we are once again reminded of the important role financial advisers play in giving the client valuable advice.

A troubling development in South African politics, and society, is that certain factions are trying to split South Africa down racial lines, and are becoming very vocal about it.