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Compliance - Regulatory

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Two-pots could cause a spike in pension fund disputes

Two-pots could cause a spike in pension fund disputes

If South Africa’s Office of the Pension Funds Adjudicator (OPFA) could have one wish granted, it would be for pension funds and their members to make better use of internal dispute resolution processes. This shift from external to internal resolution would help to offset the forecast spike in pension fund disputes on the back of hiccups in the two-pot savings withdrawal process.

Compliance obligations

Compliance obligations

17 October 2024 | General

Regulatory changes are a constant in the dynamic landscape of the insurance and financial advisory sectors, shaping industry practices and standards. Staying abreast of these changes and understanding their implications is essential for insurers, financial advisers, and industry professionals alike.

The R298 billion proof of value for life insurance

The R298 billion proof of value for life insurance

The most up-to-date statistics covering South Africa’s life insurance sector show that R298 billion was paid to beneficiaries and policyholders over the first six months of 2024. According to the Association for Savings and Investment South Africa (ASISA), this total is made up of retirement annuity and endowment policy benefits, as well as claims against life, disability, critical illness and income protection policies.

Life Insurance Ombud rules in favour of customary wife

Life Insurance Ombud rules in favour of customary wife

Must a woman be disregarded as a spouse if she does not sit on a mattress to mourn her deceased partner before the funeral? What are the requirements for recognition of a customary marriage?

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Mastering IT Governance and Risk Management: Insights on the Joint Standard

Mastering IT Governance and Risk Management: Insights on the Joint Standard

08 October 2024 | General
Life insurers pay claims and benefits worth R298 billion in the first half of 2024

Life insurers pay claims and benefits worth R298 billion in the first half of 2024

With more than 9000 complaints received, PFA urges funds to resolve disputes internally

With more than 9000 complaints received, PFA urges funds to resolve disputes internally

FSP compliance: tackling FICA and KYC

FSP compliance: tackling FICA and KYC

03 October 2024 | General
Regulatory instruments for financial sector compliance in South Africa

Regulatory instruments for financial sector compliance in South Africa

27 September 2024 | General
Welcome to the era of automated ID verification and compliance

Welcome to the era of automated ID verification and compliance

26 September 2024 | General
Always read policy fine print to avoid headaches when making a claim

Always read policy fine print to avoid headaches when making a claim

25 September 2024 | General
The power of knowing your client

The power of knowing your client

25 September 2024 | General