• side pocket

    Islamic Marriages and Divorce Orders

    In a recent determination, the Pension Fund Adjudicator ordered an umbrella fund to reverse its decision not to pay a 50% share of a pension ...

featured
After much debate, consensus was finally reached on how advisers on life risk business in Australia will be remunerated in future. The ifa online newsletter states: The agreed policy will consist of a maximum total upfront commission of 60% of the premium in the first year, including a maximum ongoing or trail commission of 20% of the premium in all…
Continue Reading

Related Posts

featured
It stands to reason that candidates who write the regulatory exams should be tested on current legislation. In view of the fact that regulations change constantly, it is an enormous task to amend study material on an ongoing basis. For example: changes contained in the Financial Services Laws General Amendment Act, 2013 (Act 45 of 2013) came into…
Continue Reading

Related Posts

featured
The Central Bank of Nigeria (CBN) announced additional capital controls on June 24. CBN Governor Godwin Emefiele listed up to 40 items that would henceforth not be eligible for the purpose of purchasing foreign exchange on the interbank market. These items comprise food-related products, manufacturing inputs, textiles & clothes, certain…
Continue Reading

Related Posts

featured
The latest decision by the FSB Appeal Board contains an interesting perspective on the impact of remorse in cases where a review of a decision by the Regulator is requested. The reasons for the debarment is summarised as follows: The appellant misrepresented to Discovery that 4% commission was due to him as a result of an investment of R 345 000.…
Continue Reading

Related Posts

featured
This guidance note comes into effect in a few days, and will have serious consequences for a number of FSPs and representatives. Alan Holton, a FAIS specialist, shares his views on the practical impact of this document. Comment on the Guidance Note on the Interpretation of S 13(1)(c) of the FAIS Act, 2002, issued by the Registrar on the 24th June …
Continue Reading

Related Posts

featured
With all the attention shifting to the Rugby World Cup in September in England, my colleague André Marais recently invited a few of us to put on our thinking caps about a possible first choice Springbok 15. Interestingly, he invited us to select our own team, and then predict which players would find favour in the eyes of Heyneke Meyer, but did not specify…
Continue Reading

Related Posts

moonstone-gardensnake

Garden Snakes can be Dangerous

Green Tree Snakes  (Dendrolaphis punctulata) can be dangerous. Yes, tree snakes or grass snakes, not brown snakes or taipans. A couple in Townsville, Australia, had a lot of potted plants. During a recent cold winter (for Townsville that is), the wife was bringing some of the valued tender ones indoors to protect them from the cold night. It turned…
Continue Reading
moonstone-exams

It can be done

We recently warned against candidates underestimating the challenge contained in writing the regulatory exams. A reader responded as follows: We recently employed a young lady whose only experience was as a secretary in a business marketing funeral policies. Her employer was liquidated and she was forced to seek alternative employment. As…
Continue Reading
moonstone-workshop

Do not Underestimate PAIA

A recent High Court judgment warns that ignoring the prescriptions of the Promotion of Access to Information Act can have serious implications for those who take it lightly. Walkers Incorporated of Cape Town recently published the following article in their regular newsletter: PAIA must not be a dead letter NUMSA v City Power Johannesburg. A judgment…
Continue Reading
  | Sitemap

Designed by This Side Up Media