Moonstone receives many queries about the deadline for Regulatory Exam requirements. To answer this and all FAIS related questions, FSPs and Representatives always need to take note of all Notices released by the FSCA: updates, exemptions and withdrawals of previous Notices. FAIS Notice 86 of 2018 states that a supervised Representative must complete the applicable […]
The Ombudsman for Banking Services (OBS) published its annual report, showing an increase in the number of complaints received. According to Chairman, Advocate John Myburgh, the statistics for 2018 demonstrate that the need for the dispute resolution services of the OBS is still on the increase. During the year under review, the office received more […]
The annual CPD cycle ends on 31 May 2019. With only a few days left to attain your required number of FAIS related CPD hours for the current CPD cycle, it’s also a good time to start scheduling your CPD activities for the cycle that commences on 1 June 2019. CPD unpacked In terms of the Fit & Proper […]
The local Collective Investment Schemes (CIS) industry reported strong net inflows of R52.8 billion in the first quarter of this year, the third highest quarterly net inflows recorded in five years. This is according to statistics released by the Association for Savings and Investment South Africa (ASISA) last week. “Year-on-year the local CIS industry also […]
In a recent blog post, Jack Waymire shares 10 common mistakes when it comes to online marketing for financial advisors. “You’re a financial advisor and you’re online – that’s great! But are you online correctly?”, asks Waymire. He mentions that many financial advisors jump into the world of online marketing without knowing exactly what they […]
The Internet, mobile phones, and other current computer technologies link people and businesses together like never before. There are numerous prevention methods, but here are 5 ways to prevent Cyber Crime from affecting your business. The Insurance Crime Bureau recently shared these universal steps that businesses can take to reduce the likelihood of an attack. […]
As part of the FSCA’s Consumer Education Departments’ mandate to provide guidance to consumers in order to make better financial choices and to live a financially successful life, regular articles are published on their website www.fscaconsumered.co.za. In one of their recent articles, they provide tips and valuable input to better understand scams and get-rich-quick schemes. […]
In the past editions, we have published many articles on the outcome of various FAIS Ombud as well as Financial Services Tribunal decisions, highlighting legislation and regulatory requirements as well as many guidelines for financial advisors. But when can a matter be referred to the Financial Services Tribunal? What does a FAIS Ombud determination mean? […]
Investec and GIBS publish the Investec GIBS Saving Index, which measures South Africa’s savings rate and the country’s savings behaviour. In a radio interview, Dr Adrian Saville, CEO of Cannon Asset Managers and Professor at Gordon Institute of Business Science (Gibs), discusses South Africa’s savings rate that is at a real-time low, with Bruce Whitfield. […]
In the absence of trust, no relationship can be sustained. Trust, therefore, forms the basis of any relationship. MBSE has developed a course to equip delegates with all the necessary tools and skills to establish, develop and maintain levels of trust in their relationships. The course is presented by Stefan Lessing, Executive Director at Tru-Heart […]
