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Advantage Asset Managers have agreed terms with a potential black economic empowerment shareholder - broad-based women’s development and empowerment group WDB Investment Holdings (WDBIH) - to take a stake in the business.
The pension funds adjudicator (pfa) has issued the 20th ruling against a retirement annuity fund.
The complainant, a farmer from Kwa-Zulu Natal had a large sum of money placed in a Nedbank Money Market Account. He had a long standing relationship with the bank going back some 25 years.
In a landmark ruling recently, Charles Pillai, the Ombudsman for Financial Advisory and Intermediary Services (FAIS), ordered Nedbank Limited and Nedbank Group Insurance Brokers to allow consumers the right to choose the company from which they wish to pu
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