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Sloppy complaints handling could trigger the next conduct standard avalanche

12 May 2025 | Financial Sector Conduct Authority (FSCA) (was FSB)

If you run a financial or risk advice business, you had better prepare for the flood of ‘how to conduct your business’ decrees that are promised under South Africa’s evolving principles-based regulatory regime. Over time, the Financial Sector Conduct Authority (FSCA) and Prudential Authority (PA) will issue countless standalone or joint standards covering just about every operational aspect of your business.

Missed this FSCA Report? read on

07 May 2025 | Financial Sector Conduct Authority (FSCA) (was FSB)

After a couple of years under Twin Peaks, your writer assumed the retirement fund landscape might become easier to navigate, but it remains a complex minefield of definitions, legacy funds, missed reporting deadlines, and regulatory carve-outs.

PFA says funds must not use POPIA to hide shoddy investigation

06 May 2025 | PFA - Pension Fund Adjudicator

A pension fund is obliged to provide the Pension Funds Adjudicator (PFA) with requested information without obtaining consent from the beneficiaries.

The high cost of unpaid insurance premiums

06 May 2025 | The National Financial Ombud Scheme (NFO)

In this tough economic climate, policyholders may be forced to sacrifice their short-term or non-life insurance premiums cover to save money. However, this solution can result in more financial difficulties if a loss takes place when the premium is not paid.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results