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Don’t ignore cultural notions, says Long-Term Insurance Ombud

22 November 2017 | Life Ombudsman

Cultural nuances must not be disregarded when considering a disputed pay out, the Ombudsman for Long-Term Insurance Judge Ron McLaren has said.

PFA orders fund to relook its decision

20 November 2017 | PFA - Pension Fund Adjudicator

The board of a pension board did not conduct a proper investigation when it resolved to allocate the entire amount of the death benefit to the deceased mother, to the exclusion of the complainant who had been nominated as beneficiary.

FSB provides important clarity on Twin Peaks

20 November 2017 | Financial Sector Conduct Authority (FSCA) (was FSB)

After years of talking about it and warning that it will become a reality, the Twin Peaks Bill is set to be signed off by the president and has promised to be implemented at some stage in 2018. If government has its way, this will be in the first half of the year; however, there could be delays.

Local investors not deterred by turbulent investment climate

14 November 2017 | Association for Savings & Investment SA (ASISA)

The local Collective Investment Schemes (CIS) industry continues to attract steady net quarterly inflows as local investors seem undeterred by the current turbulent political and economic environment.

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Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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