Intermediary Disclosure
Intermediary Disclosure
Pangea Wealth (Pty) Ltd is a non-mandated intermediary, who acts for and on behalf of various Investment providers and Insurers.
Please note that a written mandate with these Investment providers and Insurers is available at the offices on request.
We are not authorized to collect premiums on behalf on any one investment provider and/orInsurer.
Pangea Wealth (Pty) Ltd does not own more than 10% of issued shares directly or indirectly of any Life Insurer or Financial Product Provider.
We do not earn more than 30% of our total commission from any one Insurer.
The Company is authorised for the following product categories under their Financial Services Provider License with FSP number: 51256:
| Category | Sub Category |
|---|---|
| 1 | 1 – Long-Term Insurance subcategory A |
| 1 | 2 – Short-Term Insurance Personal Lines |
| 1 | 3 – Long-Term Insurance subcategory B1 |
| 1 | 4 – Long-Term Insurance subcategory C |
| 1 | 5 – Retail Pension Benefits |
| 1 | 6 – Short-Term Insurance Commercial Lines |
| 1 | 7 – Pension Funds Benefits |
| 1 | 8 – Shares |
| 1 | 9 – Money market instruments |
| 1 | 10 – Debentures and securitised debt |
| 1 | 11 – Warrants, certificates and other instruments |
| 1 | 12 – Bonds |
| 1 | 13 – Derivative instruments |
| 1 | 14 – Participatory interests in a collective investment scheme |
| 1 | 20 – Long-term insurance subcategory B2 |
| 1 | 21 – Long-term Insurance subcategory B2-A |
| 1 | 22 – Long-term Insurance subcategory B1-A |
| 1 | 23 – Short-term Insurance Personal Lines A1 |
| 1 | 27 – Crypto Assets |
We have Professional Indemnity Insurance cover of R30 Million in the annual aggregate.
Please note that we have a Complaint Resolution Procedure and should you wish to obtain a copy of same, we will gladly provide it to you upon request at 011 080 4165.
In the event that your complaint is not resolved within six weeks or the resolution is not to your satisfaction, you have the right to then approach the Financial Services (FAIS) Ombudsman, alternatively the National Financial Ombud Scheme (NFO) or the Ombud Council.
Please note that Pangea Wealth (Pty) Ltd is an accountable institution for purposes of FICA.
We are required to identify our prospective clients, verify your information and keep records of these documents.
We are also obliged to report suspicious and unusual transactions that may facilitate money laundering and/or terrorist-financing.
Please note further that we have a Conflict of Interest Management Policy. A copy of which can be made available to you upon request.
Remuneration:
Short-term:
Commission is payable at the rates prescribed in the Short-term Insurance Act of 12.5% for motor and 20% for non-motor.
There may be a broker fee discussed and included in your monthly premium for specific services we render on your behalf.
Investments
0.00% – 1.50% upfront and 0.00% – 1.50% ongoing
Section 14
0% upfront and 1% Ongoing
Life Cover
3% Single Premium or Multiple premium: 3.25% up to maximum of 85%
WARNING:
- Do not sign any blank or partially completed forms, this includes application forms or any other form necessary for purpose of any transaction relating to your insurance and/or investment;
- Complete all forms in ink;
- Keep all documents handed to you;
- Make a note of what is said to you;
- Don’t be pressurised to buy the product;
- Incorrect or non-disclosure by you or relevant facts may influence the Insurer on any claims arising from your contract of insurance.
Compliance Department Details:
Compliance Practice: Moonstone Compliance
Compliance Officer: Natassja Jooste
Physical Address: 25 Quantum Street, Techno Park, Stellenbosch, 7600
Phone No.: (021) 883 8000 Fax No.: (021) 883 8005
Website: Moonstone Compliance
FAIS Ombud:
P.O. Box 74571 Lynnwood Ridge, 0040
Tel.: (012) 470 9080 Fax No.: (012) 4348 3447
Email: info@faisombud.co.za
Website: www.faisombud.co.za
National Financial Ombud Scheme (NFO)
The NFO can hear complaints that relates to advise or intermediary services and it has not been resolved with the FSP.
Physical address:
Johannesburg: 110 Oxford Rd, Houghton Estate, Johannesburg, Gauteng, 2198.
Cape Town: Claremont Central Building, 6th Floor, 6 Vineyard Road, Claremont, Western Province, 7700.
Tel: 0860 800 900
WhatsApp: 066 473 0157
Email: info@nfosa.co.za
Website: https://nfosa.co.za
Ombud Council
The Ombud Council can therefore only deal with a complaint against an ombud scheme that indicates that this type of contravention has occurred or is likely to occur.
Physical address: Riverwalk Office Park, Block B 41 Matroosberg Road Ashlea Gardens, Pretoria 0102.
Tel: +27 (0)12 051 3400
Email: enquiries@ombudcouncil.org.za
Website: https://ombudcouncil.org.za
Directors:
Jame Skuse BCom (Hons),ACMA, CFA (Managing Director)
Pangea Wealth (Pty) Ltd is a non-mandated intermediary, who acts for and on behalf of various Investment providers and Insurers.
Please note that a written mandate with these Investment providers and Insurers is available at the offices on request.
We are not authorized to collect premiums on behalf on any one investment provider and/orInsurer.
Pangea Wealth (Pty) Ltd does not own more than 10% of issued shares directly or indirectly of any Life Insurer or Financial Product Provider.
We do not earn more than 30% of our total commission from any one Insurer.
The Company is authorised for the following product categories under their Financial Services Provider License with FSP number: 51256:
| Category | Sub Category |
|---|---|
| 1 | 1 – Long-Term Insurance subcategory A |
| 1 | 2 – Short-Term Insurance Personal Lines |
| 1 | 3 – Long-Term Insurance subcategory B1 |
| 1 | 4 – Long-Term Insurance subcategory C |
| 1 | 5 – Retail Pension Benefits |
| 1 | 6 – Short-Term Insurance Commercial Lines |
| 1 | 7 – Pension Funds Benefits |
| 1 | 8 – Shares |
| 1 | 9 – Money market instruments |
| 1 | 10 – Debentures and securitised debt |
| 1 | 11 – Warrants, certificates and other instruments |
| 1 | 12 – Bonds |
| 1 | 13 – Derivative instruments |
| 1 | 14 – Participatory interests in a collective investment scheme |
| 1 | 20 – Long-term insurance subcategory B2 |
| 1 | 21 – Long-term Insurance subcategory B2-A |
| 1 | 22 – Long-term Insurance subcategory B1-A |
| 1 | 23 – Short-term Insurance Personal Lines A1 |
| 1 | 27 – Crypto Assets A1 |
We have Professional Indemnity Insurance cover of R100 Million in the annual aggregate.
Please note that we have a Complaint Resolution Procedure and should you wish to obtain a copy of same, we will gladly provide it to you upon request at 011 080 4165.
In the event that your complaint is not resolved within six weeks or the resolution is not to your satisfaction, you have the right to then approach the Financial Services (FAIS) Ombudsman, alternatively the National Financial Ombud Scheme (NFO) or the Ombud Council.
Please note that Pangea Wealth (Pty) Ltd is an accountable institution for purposes of FICA.
We are required to identify our prospective clients, verify your information and keep records of these documents.
We are also obliged to report suspicious and unusual transactions that may facilitate money laundering and/or terrorist-financing.
Please note further that we have a Conflict of Interest Management Policy. A copy of which can be made available to you upon request.
Remuneration:
Short-term:
Commission is payable at the rates prescribed in the Short-term Insurance Act of 12.5% for motor and 20% for non-motor.
There may be a broker fee discussed and included in your monthly premium for specific services we render on your behalf.
Investments
0.00% – 1.50% upfront and 0.00% – 1.50% ongoing
Section 14
0% upfront and 1% Ongoing
Life Cover
3% Single Premium or Multiple premium: 3.25% up to maximum of 85%
WARNING:
- Do not sign any blank or partially completed forms, this includes application forms or any other form necessary for purpose of any transaction relating to your insurance and/or investment;
- Complete all forms in ink;
- Keep all documents handed to you;
- Make a note of what is said to you;
- Don’t be pressurised to buy the product;
- Incorrect or non-disclosure by you or relevant facts may influence the Insurer on any claims arising from your contract of insurance.
Compliance Department Details:
Compliance Practice: Moonstone Compliance
Compliance Officer: Natassja Jooste
Physical Address: 25 Quantum Street, Techno Park, Stellenbosch, 7600
Phone No.: (021) 883 8000 Fax No.: (021) 883 8005
Website: Moonstone Compliance
FAIS Ombud:
P.O. Box 74571 Lynnwood Ridge, 0040
Tel.: (012) 470 9080 Fax No.: (012) 4348 3447
Email: info@faisombud.co.za
Website: www.faisombud.co.za
National Financial Ombud Scheme (NFO)
The NFO can hear complaints that relates to advise or intermediary services and it has not been resolved with the FSP.
Physical address:
Johannesburg: 110 Oxford Rd, Houghton Estate, Johannesburg, Gauteng, 2198.
Cape Town: Claremont Central Building, 6th Floor, 6 Vineyard Road, Claremont, Western Province, 7700.
Tel: 0860 800 900
WhatsApp: 066 473 0157
Email: info@nfosa.co.za
Website: https://nfosa.co.za
Ombud Council
The Ombud Council can therefore only deal with a complaint against an ombud scheme that indicates that this type of contravention has occurred or is likely to occur.
Physical address: Riverwalk Office Park, Block B 41 Matroosberg Road Ashlea Gardens, Pretoria 0102.
Tel: +27 (0)12 051 3400
Email: enquiries@ombudcouncil.org.za
Website: https://ombudcouncil.org.za
Directors:
Jame Skuse BCom (Hons),ACMA, CFA (Managing Director)