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Complaints to the Office of the Pensions Funds Adjudicator (OPFA) will only be investigated after the retirement fund concerned has been given the opportunity to resolve the complaint directly with the complainant.
Undeterred by the Covid-19 induced market volatility, investors committed R88 billion in net inflows to local Collective Investment Scheme (CIS) portfolios during the second quarter of this year. This represents the highest net quarterly inflows on record.
The Financial Sector Conduct Authority (FSCA) previously reported that it filed an urgent application with the High Court to liquidate JP Markets SA (Pty) Limited. The application was enrolled for 11 August 2020 and stood down to 12 August 2020.
Are financial advisers ready for the combined impact of COFI and AI?