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Life insurers pay more than half a trillion Rand to policyholders and beneficiaries in 2020

08 March 2021 | Association for Savings & Investment SA (ASISA)

Policyholders and beneficiaries received claims and benefit payments worth R522.7 billion from South African life insurers in 2020.

Local hedge funds industry finding its feet in a regulated environment

08 March 2021 | Association for Savings & Investment SA (ASISA)

The South African hedge funds industry ended 2020 with assets under management of R73.27 billion.

Public warning against Christian Funeral Parlour

05 March 2021 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution in doing any financial business with Christian Funeral Parlour.

FSCA warns the public against CFX South Africa

04 March 2021 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services business with CFX South Africa which is not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).

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Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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