The Stage
Sharemax… a breaking case in favour of the adviser

Collapsed property syndication company Sharemax has made many headlines, with the Ombud often ordering advisers to pay back investors their money. In a breaking case, the High Court in Durban has ruled in favour of a financial adviser who placed an investment in Sharemax (The Villa).

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Straight Talk
Momentum speaks out

After initially deciding that it would not be paying the life insurance claim by the family of Nathan Ganas, Momentum announced on 21 November that it had changed its mind and would be paying out the claim. On 21 November, FAnews published a newsletter on Momentums decision to pay out the Ganas case. This generated a lot of interest among our readers and we received a lot of interesting comments.

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Featured story
Getting along with PPR

One of the key pieces of legislation that the Financial Sector Conduct Authority (FSCA) announced during 2018 was the impending implementation of a new set of the Policyholder Protection Rules (PPR). The new PPR will have a significant impact on group risk policies. The changes that the revised PPR will bring was discussed at the 2018 Alexander Forbes Hot Topics Seminar where Vickie Lange, Head of Institutional Best Practice at Alexander Forbes Investments, spelled out what insurers can look forward to.

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This month's headlines

Could face-to-face become obsolete?
Where do I send my CPD records?
Can you spot the fraud? Yes, now you can...
Taking an elephant to court - It's not easy
Marijuana ruling… should we be worried?
Medical schemes' average increases for 2019
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