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Consumers: Investment » Directory
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FAIS Ombud
| Tel: +27 12 470 9080 |
| Fax: +27 12 348 3447 |
Address:
Celtis House
Eastwood Office Park
Lynwood Road
Pretoria |
Postbox:
P.O.Box 74571
Lynwood Ridge
0040 |
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape. |
The objective of the FAIS Ombud is to consider and dispose of complaints by clients against financial services providers in the terms of the FAIS Act. |
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From The Glossary » | Run Off: |
| | The development in aggregate money values of a group of claims in respect of a particular class of business to their final settlement. Claims may be grouped by accident year or by policy year. The term is also used to denote the progressive extinction of claim liabilities arising on a closed insurance portfolio. | | More Definitions » |
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