Explore the Category

Concerning trends rearing their heads

19 November 2015 | FAIS Ombudsman

It has been over a year since the Financial Services Board (FSB) released its Treating Customers Fairly (TCF) objectives. While this has not yet been entrenched in law, the regulator is expecting companies to abide by these objectives.

Christmas gifts that will never end up in a thrift shop

09 November 2015 | Association for Savings & Investment SA (ASISA)

Retailers have started enticing shoppers to splurge on Christmas gifts, but the Association for Savings and Investment South Africa (ASISA) is hoping to convince consumers to rather gift financial products designed to grow in value over time.

PFA sets aside life partner’s death benefit

04 November 2015 | PFA - Pension Fund Adjudicator

The Pension Funds Adjudicator has set aside a R3 082 000 death benefit allocated to a deceased’s partner of 22 months after one of his children complained that the decision was not fair and equitable.

Complaints about security pension funds inundate PFA

04 November 2015 | PFA - Pension Fund Adjudicator

Although numerous cases of non-compliance with the Pension Funds Act have been referred to the Registrar of Pension Funds, the Pension Funds Adjudicator continued to be inundated with complaints about security companies not fulfilling their obligations to the fund.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

View the Results