{"id":626,"date":"2021-01-29T13:23:33","date_gmt":"2021-01-29T13:23:33","guid":{"rendered":"https:\/\/www.innov8fs.co.za\/blog\/?p=626"},"modified":"2026-03-18T11:46:46","modified_gmt":"2026-03-18T11:46:46","slug":"scam-alert-regulator-warns-against-entities-impersonating-psg-stanlib","status":"publish","type":"post","link":"https:\/\/www.innov8fs.co.za\/blog\/2021\/01\/29\/scam-alert-regulator-warns-against-entities-impersonating-psg-stanlib\/","title":{"rendered":"Scam alert: Regulator warns against entities impersonating PSG, Stanlib"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-627 aligncenter\" src=\"https:\/\/www.innov8fs.co.za\/blog\/wp-content\/uploads\/2021\/01\/gfdf.jpg\" alt=\"\" width=\"1024\" height=\"680\" srcset=\"https:\/\/www.innov8fs.co.za\/blog\/wp-content\/uploads\/2021\/01\/gfdf.jpg 1024w, https:\/\/www.innov8fs.co.za\/blog\/wp-content\/uploads\/2021\/01\/gfdf-300x199.jpg 300w, https:\/\/www.innov8fs.co.za\/blog\/wp-content\/uploads\/2021\/01\/gfdf-768x510.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>The Financial Sector Conduct Authority (FSCA) says Stanlib and PSG Wealth Financial Planning have complained that unknown companies using names of these brands to offer financial advice while they are not authorised to.<\/p>\n<p>The regulator said businesses calling themselves Stanlib Focused Investments and PSG Fund Investment were not authorised in terms of the Financial Advisory and Intermediary Services Act to render any financial advice and intermediary services.<\/p>\n<p>In the case of the people using Stanlib&#8217;s name, the FSCA said the matter was brought to its attention by the Liberty-owned asset manager that the so-called Stanlib Focused Investments, situated in Umhlanga, Durban has been rendering financial services and using its name without being authorised to do so. Stanlib said it has no relationship with Stanlib Focused Investments.<\/p>\n<p>It&#8217;s the same for PSG Fund Investment, an unknown operation that has its base on social media, particularly WhatsApp.<\/p>\n<p>&#8220;PSG Wealth Financial Planning further confirmed that it has no relationship with PSG Fund Investment. According to the FSCA\u2019s records, PSG Fund Investment is neither an authorised FSP nor a juristic representative of any FSP,&#8221; wrote the regulator after warning the public against doing any financial business with these entities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Sector Conduct Authority (FSCA) says Stanlib and PSG Wealth Financial Planning have complained that unknown companies using names of these brands to offer&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-626","post","type-post","status-publish","format-standard","hentry","category-innov8ions"],"_links":{"self":[{"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/posts\/626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/comments?post=626"}],"version-history":[{"count":1,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/posts\/626\/revisions"}],"predecessor-version":[{"id":628,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/posts\/626\/revisions\/628"}],"wp:attachment":[{"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/media?parent=626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/categories?post=626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.innov8fs.co.za\/blog\/wp-json\/wp\/v2\/tags?post=626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}