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All posts tagged "First Mutual Life"

News9 months ago

FML bosses fleece policyholders of US$3.5 million

FIRST Mutual Life Assurance (FML) managers set up an employee mortgage scheme and an employee staff loan scheme without the knowledge of the board, resulting in...
News9 months ago

First Mutual shareholding in Tristar under scrutiny

AUDITORS who conducted a forensic investigation into the affairs of First Mutual Life Assurance (FML) have questioned an investment made by the firm into a local...
News9 months ago

FML accounting system sparks huge controversy

FIRST Mutual Life Assurance’s (FML) accounting system has come under scrutiny amid revelations that there has been an overstatement of assets and capital guarantee charges, prejudicing...
News9 months ago

Life assurance giant invests millions through backdoor

AN audit by statutory body Insurance and Pensions Commission (Ipec) into life assurance company First Mutual Life Assurance’s (FML) operations has revealed that the it has...