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Understand the policy restrictions, says Long-Term Insurance Ombudsman

10 April 2018 | Life Ombudsman

It is crucial for purchasers of insurance cover to familiarise themselves with the policy restrictions, the Ombudsman for Long-Term Insurance Judge Ron McLaren has said.

New Prudential Authority CEO: FSB now Conduct Authority

10 April 2018 | Financial Sector Conduct Authority (FSCA) (was FSB)

FSB has changed to the FSCA

06 April 2018 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) has officially taken up its new mandate as the Financial Sector Conduct Authority (FSCA), effective 1 April 2018. This marks the formal implementation of the Twin Peaks model of financial sector regulation, as envisaged in the Financial Sector Regulation Act 2017 (FSRA). Finance Minister Nhlanhla Nene, has now signed the Commencement Notice for the FSRA, formally establishing both the FSCA and its sister organization, the Prudential Authority (PA).

Do you know…about the new policyholder protection rules? - Part 2

05 April 2018 | General

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Question

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

Answer

Yes, fully prepared and already adapting Somewhat prepared, but still facing implementation challenges Not yet prepared, more time and support needed Unsure / still assessing the impact

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