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Credit life providers are getting off lightly on Treating Customers Fairly

08 October 2020 | General

There is an ‘elephant in the room’ of the life insurance industry, and this is the less stringent requirements for credit life providers when it comes to Treating Customers Fairly (TCF).

Beneficiaries of fully underwritten life policies receive R16.7 billion in death benefits in 2019

07 October 2020 | Association for Savings & Investment SA (ASISA)

South African life insurers paid 99% of all claims against fully underwritten individual life policies in 2019 to a value of R16.7 billion.

Fund ordered to pay benefit to employee convicted if R1.8M fraud

07 October 2020 | PFA - Pension Fund Adjudicator

A Johannesburg employee who was convicted of fraud against her employer and was sentenced to seven years imprisonment in 2014, must be paid her pension, Deputy Pension Funds Adjudicator, Advocate Matome Thulare, has ruled.

ASISA: Threat of prescription is overstated

06 October 2020 | Association for Savings & Investment SA (ASISA)

The Association for Savings and Investment South Africa (ASISA) has taken note of the most recent attempt by the South African Institute of Race Relations (IRR) to once again draw ASISA members into the prescription debate.

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