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Complainants get R386-milllion back in insurance payouts

26 June 2024 | Insurance Ombudsman

The Ombudsman for Long-term Insurance (OLTI) and the Ombudsman for Short-term Insurance (OSTI) have published their last joint annual report for 2023, as they have now been incorporated into the National Financial Ombud Scheme South Africa (NFO).

Advisers, advice practices could trip up over COFI licensing rules

26 June 2024 | BEE (Black Empowerment)

Post-Apartheid South Africa is awash with new, race-based legislation that is introducing all manner of compliance challenges for the country’s small, medium and emerging enterprises (SMMEs). In extreme cases, as illustrated by the following account of alleged regulatory overreach, the entities responsible for implementing regulatory change risk causing serious harm to the economy and individual business owners.

FSCA launches pension ‘Know Your Rights’ campaign

20 June 2024 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Sector Conduct Authority (FSCA) is set to launch a nation-wide 'Know Your Rights' campaign aimed at educating Members and the Boards of Trustees of Retirement Funds, as well as the public, about their rights and responsibilities regarding retirement fund contributions and the two-pot retirement system (otherwise known as the two-component system).

ASISA welcomes Old Mutual’s Iain Williamson as new Chairman

18 June 2024 | Association for Savings & Investment SA (ASISA)

The Association for Savings and Investment South Africa (ASISA) welcomes Iain Williamson as the new Chairman of the ASISA Board of Directors. Williamson is the CEO of Old Mutual and has been a member of the ASISA Board since January 2020.

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ASISA: Expect investment opportunities punted via social media, Telegram and WhatsApp to be scams

04 June 2024 | Association for Savings & Investment SA (ASISA)

ASISA: Local CIS industry assets surpass R3.5 trillion for the first time

28 May 2024 | Association for Savings & Investment SA (ASISA)

Forecasting 2024: regulatory changes

27 May 2024 | General

PFA orders fund to rework death benefit allocation

22 May 2024 | PFA - Pension Fund Adjudicator

FSCA warns the public against individual(s) impersonating the FSCA and its staff

21 May 2024 | Financial Sector Conduct Authority (FSCA) (was FSB)

Proper record-keeping essential for two-pot retirement system

20 May 2024 | PFA - Pension Fund Adjudicator

PFA slates fund for placing employer’s interests before member

17 May 2024 | PFA - Pension Fund Adjudicator

New Corporate ADR policy brings South Africa in line with international best practice

16 May 2024 | General

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Compliance - Regulatory