Compliance - Regulatory

ASISA Retirement Savings Cost Disclosure Standard developed to build trust through meaningful disclosure

ASISA has taken note of a number of media reports published over the past week, quoting one source who implied that the new ASISA Retirement Savings Cost (RSC) Disclosure Standard, which came into effect on 1 March 2019, was developed to “reveal” and “expose” hidden costs in the industry. The articles also suggested that umbrella fund administrators, mostly ASISA members, would find loopholes in the Standard to “hide” costs.

Husband fails in attempt to claim wife's death benefit

A Durban man has failed in his effort to prevent the allocation of a death benefit of almost R4-million into his late wife’s estate on the basis that investigations into the death had not been finalised.

Premium collections under the spotlight again

Following a highly publicised incident that occurred in 2018, the issue of insurance premium collection by third parties was once again thrust into the spotlight.

FSCA fines 36ONE Asset Management (Pty) Ltd R350 000