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Compliance - Regulatory

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Funds must be harder on employers who fail to pay contributions

Funds must be harder on employers who fail to pay contributions

A provident fund is empowered to take legal action against employers who fail to pay contributions. It is not enough to only send letters to employers pointing out non-compliance.

King IV: The role of policies and procedures in good corporate governance

King IV: The role of policies and procedures in good corporate governance

01 August 2022 | General

Good corporate governance entails ensuring that your company has the correct policies and procedures in place. Companies need not be bogged down by unnecessary paperwork at inception. However, there is merit in implementing some basic policies and procedures.

The FSCA launches baseline survey results on financial literacy in SA

The FSCA launches baseline survey results on financial literacy in SA

On Thursday the 28th of July 2022, the Financial Sector Conduct Authority (FSCA) launched its findings of the 2020 Baseline survey on financial literacy in South Africa. The survey was conducted in partnership with the Human Sciences Research Council (HSRC) and the South African Social Attitude Surveys (SASAS).

Death claims during fourth COVID wave closer to pre-pandemic levels

Death claims during fourth COVID wave closer to pre-pandemic levels

South African life insurers reported a significant drop in death claims for the six months to the end of March 2022 when compared to previous six monthly reporting periods since the start of the COVID-19 pandemic. South Africa experienced the fourth wave of COVID-19 infections during December 2021, which peaked during the middle of that month.

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FAIS Ombud continues to raise awareness in communities

FAIS Ombud continues to raise awareness in communities

28 July 2022 | FAIS Ombudsman
Businesses struggling to meet B-BBEE targets

Businesses struggling to meet B-BBEE targets

27 July 2022 | BEE (Black Empowerment)
SAIA welcomes the decision to not include the non-life insurance industry, as accountable institutions, within the Financial Intelligence Centre (FIC) Act

SAIA welcomes the decision to not include the non-life insurance industry, as accountable institutions, within the Financial Intelligence Centre (FIC) Act

Like TCF on steroids

Like TCF on steroids

14 July 2022 | General
Error due to insurer’s own negligent conduct

Error due to insurer’s own negligent conduct

12 July 2022 | Short Term Ombudsman
The 35, make that 40 items on FSCA to-do-list

The 35, make that 40 items on FSCA to-do-list

There’s only one shade of grey – FATF deadline edges closer for South Africa

There’s only one shade of grey – FATF deadline edges closer for South Africa

07 July 2022 | General
Consequence of breach of fiduciary duties by trustees of a pension fund

Consequence of breach of fiduciary duties by trustees of a pension fund

06 July 2022 | General