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The Office of the FAIS Ombud released its 2017-2018 Annual Report. The Annual Report provides a review of the performance of the Office of the FAIS Ombud as well as reports on its financial affairs.
The President of the Actuarial Society of South Africa, Peter Withey, has called on the country’s actuaries to help protect the integrity of the actuarial profession in South Africa by rendering quality service and demonstrating ethical behavior at all times.
According to S&P Global Ratings, the world's insurers face the biggest change in accounting standards in perhaps 20 years with the International Financial Reporting Standards 17 (IFRS 17), which comes into force in 2021.
The strongest deterrent against FSP compliance missteps is or should be: