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FSB warns the public against Ms Alicia Solomons

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 ...
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Watch out for the Devil in the Detail

Cape Town: Did you know that your client’s former business partner may have an insurance policy on their life which they may not be able to cancel? This scenario is a real threat that arises if a buy-and-sell arrangement does not fully address how to deal with a split between business partners, ...
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What keeps the LT Ombudsman awake at night? Part 2

Following on from Part 1. From the Long-term Ombud’s 2016 annual report: The Assessors and Adjudicators in the Long-term Ombud’s office were canvassed about the issues that currently fall into this category. Last week we discussed “Bad Bargains” and Complex Products” ...
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Finalists announced as the 2017 FIA Awards contenders hit the home stretch

      Lizelle van der Merwe, CEO Financial Intermediaries Association of Southern Africa                 Excitement is mounting as the financial services brands ‘in the running’ for the ...
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What keeps the Long Term Ombudsman awake at night? Part 1

From the Long-term Ombud’s 2016 annual report: The Assessors and Adjudicators in the Long-term Ombud’s office were canvassed about the issues that currently fall into this category. The following are some of the matters raised. Bad bargains These include products that do not provide ...
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From The Glossary »

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Line Slip:

A slip used for the convenience of brokers and signed in relation to an individual class of insurance business. The insurer receives an individual declaration for each risk ceded, and is bound to accept the risk.
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