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The Financial Services Board (FSB) would like to warn the public to act with caution when dealing with Invest Acquired Holdings. Invest Acquired Holdings is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.
Last week we reported on the current happenings at beleaguered insurer saXum Insurance. They are currently engaged in an impasse with a service provider which is affecting policyholders.
The Registrar for Short-term Insurance today launched an urgent application in the Johannesburg High Court to place SaXum Insurance Limited (SaXum) under final liquidation.
Financial education has been hailed as a key tool in empowering citizens and driving national development objectives. This is the underlying theme that emerged at the Seminar for Financial Education, hosted by the Financial Services Board (FSB) in collaboration with the Access to Insurance Initiative (A2II), International Association of Insurance Supervisors (IAIS) and the Finmark Trust recently.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?