Financial Services Tribunal ('FST' or 'the Tribunal')
Parties: Thandeka Aphane v Clientèle Life Assurance Company Ltd (Case number: FSP47/2026)
Date: 13 July 2026
Key words
Reconsideration application – Financial Sector Regulation Act, s 230 – FAIS Act, s 14 – debarment – fit and proper requirements – honesty ...
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The Financial Services Tribunal has clarified that where an employer has already instituted civil proceedings to recover alleged losses from a former employee, the Pension Funds Adjudicator may lack jurisdiction to determine a complaint relating to the withholding of that employee's retirement benefit under section 37D of the Pension ...
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The Financial Services Tribunal has confirmed that it does not have jurisdiction to reconsider decisions relating to an employee's inclusion on the banking sector's Register of Employees Dishonesty System (REDS) database. In Jack v ABSA Bank Limited, the applicant sought to challenge ABSA's decision to list her ...
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By Lee Rossini
Many financial advisers are also business owners, which means they must balance delivering an exceptional client experience with managing the different aspects of their businesses. In some cases, advisers/owners are so focused on serving their clients, they overlook critical business management practices, thereby limiting the long-term growth and profitability of their business. What follows are some of the more common mistakes made:
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