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CIS assets under management fast approaching the R3 trillion threshold

19 August 2021 | Association for Savings & Investment SA (ASISA)

The local Collective Investment Schemes (CIS) industry reported net outflows of R18 billion for the second quarter of this year following the closure of South Africa’s biggest money market fund.

Green Paper on Comprehensive Social Security and Retirement Fund Reform

19 August 2021 | Association for Savings & Investment SA (ASISA)

The Association for Savings and Investment South Africa (ASISA) has taken note of the Green Paper on Comprehensive Social Security and Retirement Reform published yesterday by the Minister of Social Development, Lindiwe Zulu, for comment by 10 December 2021.

The FSCA’s expectations regarding premium increases on funeral policies

18 August 2021 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Sector Conduct Authority (FSCA) notes with concern the high premium increases that are being implemented by insurers on funeral policies. While the FSCA recognises the impact of COVID-19 on mortality rates and funeral policy claims, the Authority expects insurers to ensure fair outcomes for policyholders, and reminds insurers of their obligations pertaining to premium increases.

The FSCA warns the public against LiteFX Option

13 August 2021 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Sector Conduct Authority (FSCA) would like to warn the public to be cautious when doing any financial services business with LiteFX Option (LiteFX).

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