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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.

FSB warns the public against Crowd Funding Ltd

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

The Financial Services Board (FSB) warns the public against conducting financial services business with Crowd Funding Ltd. Crowd Funding Ltd is not a registered Credit Rating Agency and is not an Authorised Financial Services Provider.

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

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

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