INSURANCE BILL 2015 – AN APPRECIATION

INSURANCE Bill 2015 – AN APPRECIATION   1.   This Bill is part of the Twin Peaks Regulatory structure for Financial Services. The FSR (Financial Sector Regulation Bill) provides for two regulatory authorities – a Prudential one and a Market Conduct one. The...

FSB CAMPAIGN TO TRACE BENEFICIARIES

FSB CAMPAIGN TO TRACE BENEFICIARIES According to the FSB, retirement funds have some R 20 billion in unclaimed benefits owed to 3.5 million beneficiaries. This amounts to a little more than R 5 700 per beneficiary. There is no indication of the distribution of...

TREATING CUSTOMERS FAIRLY (TCF)

TREATING CUSTOMERS FAIRLY (TCF) South Africa has adopted a “twin peaks” model as the basis for regulation of regulated financial institutions. The two peaks are prudential (financial) regulation and market conduct regulation. The FSB is in transition to becoming a...