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Material non-disclosure

10 May 2017 | Short Term Ombudsman

Non-disclosure is making the headlines again in the industry proving that it is a continuous issue. This was the case with a recent determination made by the Office of the Short Term Ombudsman. It was a case related to non-disclosure where the client acted negligently at claims stage.

FSB warns the public against Specific Finance T/A Diamond Finance (Pty) Limited

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

The Financial Services Board (FSB) warns the public against conducting financial services business with Diamond Finance. Diamond Finance is not an authorised Financial Services Providers and the public is warned to exercise caution when dealing with this entity.

ASISA: Don’t let go of your life cover, no matter what

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

Letting go of life cover, even if you are teetering on the brink of your financial limits, is likely to be a very big mistake with dire financial consequences for your loved ones, warns the Association for Savings and Investment South Africa (ASISA).