New Perspectives on RDR proposals
During the recent SAIFM conference, the FSB provided input on its views on feedback received from the industry to the 55 proposals contained in the discussion document. There was general support for the […]
Author: Paul Kruger
Here We Go
This weekend sees the last of the pool matches, although most of the results will be important for statistical purposes only, apart from the Australia/Wales and France/Ireland matches. From a realistic perspective, the […]
More Unintended Consequences?
Laura du Preez wrote in Personal Finance on 12 September 2015: Providers of primary healthcare plans that may soon be disallowed say that low cost benefit medical scheme options will not cater for people using […]
Moonstone Protector Compliance Service
The dilemma facing financial services practices who are not obliged to appoint a compliance officer were highlighted recently by a rather frantic call from a one-person FSP after being informed by the FSB […]
A Pre-emptive Market Conduct Regulator
A presentation by the FSB at the second SAIFM Regulatory Conference covered some very interesting agenda points Mention is made of four shortcomings of the current regulatory approach: It is said to be […]
SA consumer confidence ticks up while supply-side outlook still gloomy
The First National Bank (FNB)/Bureau for Economic Research (BER) consumer confidence index (CCI) rebounded by 10 points from its lowest level in almost 15 years to a reading of -5 during Q3. While […]
What’s in a Name?
Misleading advertising will receive a lot of attention in future regulation. A recent media release by the Council for Medical Schemes provides a timely warning to us to make sure that we do […]
Cost of FICA amendment on Compliance
Legalbrief Today reported as follows on an article in Business Day: Institutions have cited the prospect of a spike in the cost of compliance as a major issue that might arise from proposed […]
Fate Happens
Life is fickle and unpredictable. This statement is born out again by a recent Ombud determination concerning the switching of life cover from one assurer to another. The clients, both husband and wife, […]
Oh Flower of Scotland
Click here for some background music while you read this. Much as I love Scotland and its people, I pray fervently that the answer to the question “When will we see your likes […]
President Lungu’s State of the Nation address
President Edgar Lungu delivered the state of the nation address on Friday, September 18. The president stressed the need for economic diversification and to alleviate power capacity constraints via focused government infrastructural spending […]
A Bull on your Bonnet?
Having just spent ten days travelling extensively in Namibia, I am acutely aware of the dangers of running into animals. There are even warning signs against wart hogs, which I thought would not […]
Medical Schemes Council Ups the Ante
MSC Circular 59 of 2015 contains proposed amendments to the Medical Schemes Act, including various fee increases. Regulation 31 deals with the amounts payable to register a medical scheme, to accredit an administrator, […]
Improving Internal Complaints Mechanisms
This article was first published in January 2015. In view of recent discussions about the importance of this function under the proposed new Market Conduct Framework, we republish it in abbreviated format to […]
Can a qualification become invalid?
Angelique wrote: In order to be fit and proper we need to have the relevant experience, passed the required FAIS regulatory exam and have a qualification recognised by the FSB. If the qualification […]
Complaints Handling after 1 January 2016 – Part II
Following on from Monday’s article on changes to the definitions of “complainant” and “complaint”, Alan Holton provides some of the more practical insights you will need to consider when amending your Complaints Management […]
POPI and Telemarketing
A recent article in Times Live contained some interesting views on the impact of the Protection of Personal Information Act, once it comes into effect. Telemarketing expert and CEO of the Marketing Association […]
