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Tracing the owners of unclaimed treasures

07 September 2015 | Financial Sector Conduct Authority (FSCA) (was FSB)

On 19 August, the Financial Services Board (FSB) released the figures that there are R20 billion in unclaimed benefits in the industry.

PFA orders fund to pay balance of members' benefits

01 September 2015 | PFA - Pension Fund Adjudicator

A provident fund which paid only half of benefits due because it had invested in companies that went broke has been ordered by the Pension Funds Adjudicator to pay the balance with interest.

FSB warns the public against Go Direct Stock Market Investments

25 August 2015 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) warns the public against conducting financial services business with Go Direct Stock Market Investments (GDSMI), Mr Mzoxolo Bezu and/or Mr Mbuso Mthethwa.

Funds urged to do more to pay their beneficiaries

21 August 2015 | Financial Sector Conduct Authority (FSCA) (was FSB)

Retirement funds must take all reasonable steps to trace and pay millions of their members and beneficiaries who remain untraced, the Deputy Registrar of Pension Funds, Rosemary Hunter said on Wednesday.

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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

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