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Latest data breach shines spotlight on Protection of Personal Information

03 July 2018 | General

The recent cyber-attack and holding hostage of a South African insurance provider’s IT infrastructure has drawn attention to the dire need for effective protection of consumer data. While the company asserts that no financial losses have been encountered by any of its policy holders, it cannot currently confirm the volume of data and number of individuals that have been affected by this data breach.

The FSCA releases two publications related to the Retail Distribution Review

03 July 2018 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Sector Conduct Authority (FSCA) has recently published two new documents relating to its Retail Distribution Review (RDR) regulatory reform program. The first document is a comprehensive status update on the FSCA’s progress in implementing the RDR and is published mainly for information purposes. The second document is an RDR discussion document on Investment Related Matters, on which the FSCA invites stakeholders to provide input by 17 August 2017 (using the template provided by FSCA.

Insurance legislation amendments enhance consumer protection and provide new opportunity for insurers

02 July 2018 | General

Amendments to insurance legislation aim to give more South Africans the opportunity to cover themselves and their assets and will provide for greater protection for policyholders, including a 48-hour turn-around time for funeral pay-outs.

Good governance key to health of pension funds

25 June 2018 | PFA - Pension Fund Adjudicator

Good governance is key to the well-being of the retirement funds industry, says the Pension Funds Adjudicator, Muvhango Lukhaimane.

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Are financial advisers ready for the combined impact of COFI and AI?

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