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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.

Fund reprimanded for demanding destitute mother to produce DNA test result

22 September 2020 | PFA - Pension Fund Adjudicator

A fund has been lambasted by the Deputy Pension Funds Adjudicator, Advocate Matome Thulare, for causing the mother of a child to suffer undue hardship in having to obtain a DNA test without any financial assistance, in order to prove paternity.

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

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

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