The Competition Commission says it has reasonable grounds to suspect that eight major SA life insurance companies have engaged in collusive practices to fix prices and/or trading conditions in respect of fees for life insurance and other investment products.
“As per documentation presented by the Competition Commission, they are undertaking a wide investigation in the insurance industry relating to product price fixing.” “We are co-operating fully with their investigation and are providing them with the required documentation relevant to their investigation,” said MMI. “We have no reason to believe that we are guilty of price fixing. We reiterate our commitment to ongoing compliance with all regulatory requirements,” it added.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Major SA insurance companies under investigation for alleged price fixingSouth African insurance companies are left reeling after the Competition Commission raided the premises of eight major long-term insurance companies that are suspected of price fixing:
Fuente: CapeTownEtc - 🏆 17. / 63 Leer más »
Competition Commission raids 8 insurance companies for alleged collusion — including Discovery, Sanlam, and MomentumThe offices of Discovery, Sanlam, Old Mutual, Momentum and four other major long-term insurance companies were raided on Thursday to gather evidence on alleged collusion in setting fees for investment products.
Fuente: mybroadband - 🏆 11. / 67 Leer más »
Eight insurance companies, including Discovery and Sanlam, raided on Thursday – here’s whyEight insurance companies, including Discovery and Sanlam, raided on Thursday – here’s why Competition Commission investigators seized documents and electronic data from the head offices of the insurance companies on Thursday.
Fuente: TheSAnews - 🏆 25. / 59 Leer más »