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FSB asked to act against errant fund administrator

01 June 2017 | PFA - Pension Fund Adjudicator

The Pension Funds Adjudicator has expressed concern that despite referring several matters of non-compliance on the part of Akani Retirement Fund Administrators to the Financial Services Board (FSB), there was no improvement in its conduct.

PFA orders fund to pay punitive damages

31 May 2017 | PFA - Pension Fund Adjudicator

The Pension Funds Adjudicator has reminded funds it is illegal to withhold the benefit of a member who is potentially liable for theft, fraud or misconduct without written admission of liability or a court judgment in respect of the compensation.

FSB warns the public against Ms Alicia Solomons

30 May 2017 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) would like to warn the public to act with caution when dealing with Ms Alicia Solomons. Alicia Solomons is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.

ASISA: Strong flows into local CIS portfolios demonstrate investor resilience

18 May 2017 | Association for Savings & Investment SA (ASISA)

The local Collective Investment Scheme (CIS) industry attracted healthy net inflows of R30.4 billion in the first quarter of 2017, pushing net inflows for the year to the end of March to R157.1 billion – the highest for this period in three years.

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