The Financial Services Tribunal ('the Tribunal') recently overturned a decision by the Ombud for Financial Services Providers, which had required Futurum Financial Group (Pty) Ltd to pay R800 000 in damages to Christopher Mark Shadwell, heir to the late Dr Tamryn Shadwell. The case arose after the cancellation of ...
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Financial Services Tribunal ('FST' or 'the Tribunal')
The following matter was handed down by the FST on 5 November 2024:
Fast facts
Insurance claim for stolen Fortuner – Secondary tracking device requirement ...
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In a recent case before the Financial Services Tribunal, applicant Mziwamadoda Ignatious Mkhuma sought reconsideration of the Financial Sector Conduct Authority's (FSCA) decision to deny a Financial Services Provider (FSP) licence to Muzi Consulting Agency (Pty) Ltd, citing his failure to meet the fit and proper requirements of honesty ...
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By Lee Rossini
Giving financial advice is an intangible service – it doesn’t involve a physical product that clients can see, touch or easily quantify. Instead, it consists of expertise, trust, planning and strategic insights tailored to meet clients’ financial goals. This makes financial advice complex to package, market and sell, yet with the right approach, financial advisors can demonstrate its value to clients.
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