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.
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
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:
ソース: CapeTownEtc - 🏆 17. / 63 続きを読む »
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.
ソース: mybroadband - 🏆 11. / 67 続きを読む »
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.
ソース: TheSAnews - 🏆 25. / 59 続きを読む »