Compliance - Regulatory

Building resilient municipal infrastructure through insurance collaboration

In April 2022, heavy rains caused catastrophic flooding in KwaZulu-Natal, claiming over 400 lives and damaging infrastructure, businesses, and homes. The eThekwini Municipality infrastructure damage cost about R25 billion.

Fund to pay death benefit after intervention by Pension Funds Adjudicator

A pension fund paid R18 691.26 to a deceased member’s estate. Following intervention by the Office of the Pension Funds Adjudicator, the fund will now pay R798 066.32 to the beneficiaries.

Ethics and Compliance: From Principles to Practice

Life offices and asset managers report a transformed ownership profile, but employment equity targets remain aspirational

Black South Africans owned 30% of life offices and 39% of asset managers at the end of 2024, according to an updated overview of the collective transformation progress by members of the Association for Savings and Investment South Africa (ASISA) since the Amended Financial Sector Code* (Amended FSC) came into effect at the end of 2017.