Discovery, policyholder in dispute over disability payout
Discovery, policyholder in dispute over disability payout

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Moonstone Monitor | 21 November 2024
IN THIS WEEK'S ISSUE
Top stories
Unpaid contributions: FSCA prepares to hold non-compliant employers accountable
Court ruling highlights discovery dispute in R16-million insurance claim
Sanlam partners with Ninety One in R400 billion asset deal
In the news
Arrear contributions: FSCA publishes third list of defaulting employers
R35bn withdrawn as SARS reports unprecedented two-pot system activity
Betrayal and greed: two chilling cases of insurance fraud-related murder
Restraint of trade binding on a consultant, High Court finds
CIS industry sees R42.3bn in net inflows as investor confidence rebounds
National Treasury eyes digital public infrastructure overhaul
GEPF receives R10.6bn in two-pot withdrawal applications
FSCA warns against unlicensed financial services providers
Old Mutual reports double-digit growth in gross flows
Sanlam sees strong growth across all business lines
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Have your fund members been advised on Two-pots options?

Are your members using Two-pot responsibly? A GTC perspective on the matter.

Are your members knowledgeable about the impact of their Two-pot decision?

Are you on top of your clients’ claims and payouts. What members are saying about

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Contact CEO, Gary Mockler at gmockler@gtc.co.za.

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TOP STORIES
Unpaid contributions: FSCA prepares to hold non-compliant employers accountable
With over R5.2 billion in unpaid retirement fund contributions and municipalities among the worst offenders, the FSCA is poised to gain expanded powers under the COFI Bill.
Top story read button
Court ruling highlights discovery dispute in R16-million insurance claim
The High Court has dismissed challenges by a policyholder accused of defrauding Discovery Life of more than R16m in disability and income protection claims.
Top story read button
Sanlam partners with Ninety One in R400 billion asset deal
Ninety One will acquire Sanlam Investment Management and oversee investment management for Sanlam Investments UK.
Top story read button
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IN THE NEWS
Arrear contributions: FSCA publishes third list of defaulting employers
A longer annexure of employers who have cleared their arrears or arranged to do so signals the effectiveness of the Authority’s ‘name and shame’ campaign.
Itn read button
R35bn withdrawn as SARS reports unprecedented two-pot system activity
Some 20% of applications for tax directives were rejected.
Top story read button
Betrayal and greed: two chilling cases of insurance fraud-related murder
In one case, a woman orchestrated the killing of her cousin’s partner, and in the other, a couple lured and murdered a man, using his death to stage a life insurance scam.
In the news 3 read button
Restraint of trade binding on a consultant, High Court finds
The classification of a person as a consultant is not determinative in deciding whether a restraint of trade applies.
In the news 4 read button
CIS industry sees R42.3bn in net inflows as investor confidence rebounds
Assets under management grew to a R3.8 trillion, up 13.7% year-on-year, supported by strong equity market performance.
In the news 5 read button
National Treasury eyes digital public infrastructure overhaul
But with challenges around outdated systems, procurement bottlenecks, and cybersecurity risks, will the government be able to harness the full potential of South Africa’s digital future?
In the news 6 story read button
GEPF receives R10.6bn in two-pot withdrawal applications
More than 361 000 members of the GEPF have accessed their savings under the two-pot system, averaging R27 500 per claim.
In the news 7 read button
FSCA warns against unlicensed financial services providers
The Authority highlights the activities of JLD Investments and Investin Gain Trading.
In the news 8 read button
Old Mutual reports double-digit growth in gross flows
The group’s latest trading update discloses a 19% surge in gross flows and a rebound in net client cash flows.
In the news 9 read button
Sanlam sees strong growth across all business lines
The group’s new business volumes in life insurance grew by 12%, while net operational earnings rose by 17%.
In the news 10 read button
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Career opportunities
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Risk and Compliance Officer: FinGlobal Migration Pty Ltd, Hermanus, Western Cape, South Africa. FinGlobal is hiring a full-time Risk and Compliance Officer for our Hermanus office. This permanent role offers a competitive salary, 21 leave days, and comprehensive benefits, including group life, pension, and medical insurance.
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IN LIGHTER WYN
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“Hello, I’m here for the job interview.”
“Do you have any experience?”
“Yes, this is my 20th interview.”

The Psychic Fair has been cancelled due to unforeseen circumstances.

I wasn’t strong enough to do my work, so I gave my two-weak notice.

I refuse to work with compost. It’s degrading.

I told my doctor about my memory loss. I had to pay in advance.

Don’t worry about what other people think. They don’t do it very often.

If you are having second thoughts, you are two ahead of most people.

Counterfeiting is difficult, but you have to forge ahead.

A cabinet-installer was arrested and charged with counter-fitting.

Support group for people who talk too much: On and On Anon.

You have reached the Incontinence Hotline. Please hold.

My physics teacher said I had a lot of potential, and then pushed me off the roof.

What if there was no such thing as a hypothetical question?

Is running away from your problems a form of exercise?

 

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