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Is the industry facing a case of micromanagement?

02 December 2014 | General

People often do not like change because it means that they are taken out of their comfort zone and put into a position where they have to adapt or they will fail. Individuals who have a clear vision of how it will affect them thrive with change, despite their apprehension towards it. However, if there is a lack of clarity associated with this change, individuals will find themselves on the precipice of disaster.

FSB welcomes overturning of sentence on Fidentia’s J Arthur Brown

02 December 2014 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) is delighted with the decision by the Supreme Court of Appeal to overturn the overly lenient sentence handed down by the Western Cape High Court to J Arthur Brown, former CEO of Fidentia.

Hospital cash plans under attack

19 November 2014 | Association for Savings & Investment SA (ASISA)

The South African life insurance industry reported a reduction in the number of fraudulent and dishonest long-term insurance claims uncovered in 2013 compared to 2012. The value of these claims, however, increased substantially from R669.9 million in 2012 to R794.5 million in 2013.

Barry Scott steps down as SAIA CEO

18 November 2014 | SAIA - South African Insurance Association

As indicated in our statement of 10 September 2014, the SAIA Executive Board Committee agreed to enter into discussions regarding a separation between the SAIA and Mr Barry Scott.

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

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