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Deadline for POPI Act compliance on the horizon

28 March 2017 | General

With only a few months to go before the office of the Information Regulator is operational and the Protection of Personal Information Act (POPI) becomes fully enacted, organisations must be aware of the limited time left to comply with the comprehensive requirements of the new legal dispensation.

Life insurers’ recurring premium business up as consumers opt for tax free savings

22 March 2017 | Association for Savings & Investment SA (ASISA)

South African life insurers reported strong growth of 38% in recurring premium savings business for last year. This business consists almost exclusively of endowment policies, designed to encourage disciplined savings on a monthly basis for a fixed term.

A grand seduction

09 March 2017 | FAIS Ombudsman

In a recent determination by the Financial Advisory and Intermediary Services Ombudsman (FAIS Ombud), the complaint arises out of an investment made by the complainant, following advice of the respondent. What was presented as a safe investment turned out to be nothing more than a scheme that left the investor destitute.

FSB warns the public against Eyethu Financial Corporation

28 February 2017 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) warns the public to act with caution when dealing with Eyethu Financial Corporation.

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

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