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Associate arrangement justified PSG’s deviation from its debarment policy – Moonstone Information Refinery

Summary by Moonstone
A financial services provider was entitled to deviate from its internal debarment policy when it debarred an adviser because an employer-employee relationship did not exist between the parties. This was one of the findings by the Financial Services Tribunal (FST) when, this month, it upheld a debarment by PSG Wealth Financial Planning (Pty) Ltd. The debarment was challenged on procedural and substantive grounds. Regarding the procedural aspects,…
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Moonstone broke the news in on Monday, October 6, 2025.
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