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13 August 2020 Financial Service Intelligence Watch

Legislative Changes and Developments


New accounting standard out for comment

Comment is sought by 30 November on proposals for revising the generally recognised accounting practice for employee benefits and related disclosures – as well as proposals for revising their interpretation as this affects ‘the limit on a defined benefit asset, minimum funding requirements and their interaction’. CompliNEWS contributor Pam Saxby ...

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News from the Regulators


The FSCA issues public warning against Davids Community Funeral Services

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Davids Community Funeral Services (Davids Funerals). The FSCA suspects Davids Funerals of conducting unauthorised financial services business and breaching various financial sector laws.

The FSCA received information that Davids Funerals is conducting insurance business ...

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Enforcement News


Relevant Rulings


Local News


AFU freezes assets of alleged pyramid scheme

Legalbrief Today Issue 4994

The Asset Forfeiture Unit has obtained two preservation orders freezing about R18.5m in assets as well as three luxury vehicles against a company known as Up Money, which it has labelled a pyramid scheme, says a News24 report. Advocate Ouma Rabaji, deputy NDPP and head ...

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International News


The latest from the UK on BI settlements

Following the conclusion of the test case trial on 30 July 2020, the UK's Financial Conduct Authority (FCA) is currently awaiting the High Court judgment on the test case to resolve uncertainty about insurers’ liability for certain Business Interruption (BI) insurance policies. The test case does not directly address how ...

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Compliance Focus


Compliance – Where’s the work at?

By Richard Rattue, MD, Compli-Serve SA

Many of us will be familiar with Where’s Waldo? – the books where you try to spot the lanky gent wearing stripes among all the distractions. Imagining Waldo as a representative of the new working world may be somewhat fitting. For many, work has become something ...

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Working Smart


Search engine optimisation

By Lee Rossini

If one of your online marketing objectives includes attracting prospective clients to your business, it makes sense that your website is easy to find online. To do this, search engine optimisation, also referred to as SEO, is the practice of optimising a website to achieve the highest ...

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Working Smart

By Lee Rossini

If one of your online marketing objectives includes attracting prospective clients to your business, it makes sense that your website is easy to find online. To do this, search engine optimisation, also referred to as SEO, is the practice of optimising a website to achieve the highest possible ranking on the search engine results page. Why is SEO important? If your website is low down on the rankings, it is likely that prospective clients will find your competitors before they find you.

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