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Author Archive | Janine Geldenhuys

training-concept

Exemption of Certain Representatives from COB Training Requirements

In terms of section 29 of the Determination of Fit and Proper Requirements for Financial Services Providers, 2017 (“Determination”), representatives must, prior to rendering any financial services, complete class of business training (CoB) relevant to the financial products for which they are appointed. This requirement came into effect on 1 August 2018. Although the transitional provisions of […]

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Supervisee

Exemption of services under supervision – part 2

Exemption of services under supervision – Differences between 2008 Exemption and the Draft Exemption (part 2) The FSCA’s discussion on the substance of the Draft Exemption is structured to highlight the significant differences between the 2008 Exemption and the Draft Exemption rather than to address each and every difference or new requirement. In Monday’s article […]

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Transfer-Money

Low income earners spending more

Old Mutual Savings and Investment Monitor – Low income earners spending more Every year the Old Mutual Savings & Investment Monitor tracks the shifts in the financial attitudes and behaviour of South Africa’s working metropolitan population. This year John Manyike, Head of Financial Education at Old Mutual, pointed out that low earners (households earning less […]

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New “top” Medical Aid 2018

New “top” Medical Aid 2018 – Consulta’s release of South African Customer Satisfaction Index The latest results for the South African Customer Satisfaction Index (the SA-csi) for medical schemes revealed that Medihelp has the most satisfied customers in a competitive, yet underwhelming industry. According to the 2018 results released by Consulta, there has been a […]

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client_centric

Exemption of services under supervision – part 1

Exemption of services under supervision – Differences between 2008 Exemption and the Draft Exemption The FSCA released the “Consultation Paper: Exemption on services under supervision” last week and mentioned that it is necessary to replace the 2008 Exemption with the Draft Exemption (the replacement) to achieve the objective of the exemption which is to facilitate […]

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Social-Media-Policy

Who owns your LinkedIn profile?

Nowadays everyone has a social media account. In some cases employees also use their personal social networking accounts for work. The question now is: who actually owns those accounts? Even if you’ve never ever used it to manage a company page ‘your LinkedIn account’ may actually belong to your employer based on your employment contract. […]

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Privacy & Digital Marketing

With the recent Facebook–Cambridge Analytica data scandal as well as the European Union’s new set of data privacy laws that were implemented on 25 May 2018, data protection and privacy are two of the most talked about subjects in board meetings as well office corridors. As data and analytics are a big driver in how businesses revolutionise […]

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