Qualifications Deadline
A representative appointed after 1 January 2010 for the first time, and for the specified sub-categories, is required to have an approved qualification as part of the fit and proper requirements. If he does not, […]
Author: Paul Kruger
Gap Cover – the Real Facts
The negative implications contained in the demarcation proposals on health cover products was clearly outlined in an article by Adri van Zyl in Die Burger on 6 August 2014 titled Versekeraars is op hol. The […]
If you haven’t got wine – GETWINE
This happens to be the slogan of our sponsor for the Moonstone/GETWINE Rugby Championship competition, which will obviously focus on the major rugby event of 2014. The competition takes place over six weekends, […]
Mental conditioning
An important part of your preparation for writing the regulatory examinations concerns your mental approach. I came across an interview in Moneyweb with Paddy Upton, who plays an important role in the preparation […]
A Regulatory Paradigm Shift
The FSB has a new approach to regulation, in line with its additional obligations under Twin Peaks. Mr Jonathan Dixon, Deputy Executive Officer: Insurance at the FSB, reiterated the Regulator’s stance as late […]
The End of an Era
Bobby Londt To describe King Kallis’s career in a blog would not be possible, nor would it do justice to a career that ranks up there with the best. For this reason, this […]
Debarments Contested in Court
The headache around the lack of proper procedure by FSPs when debarring representatives appears to be continuing, despite clear guidelines from the Regulator. In the FSB’s first quarterly bulletin of 2014, the problem […]
Springbok Squad for Rugby Championship
The announcement of the squad was delayed to this coming Saturday as a result of the Sharks making the semi-finals. One suspects that the ultimate list of 30 players will be a mixed […]
Commission on Orphan Policies – Part II
Tony, a reader in Durban, was one of several people who responded to an article on this subject in the Moonstone Monitor of 24 July 2014: The issue of commission on orphan policies […]
Is Justice Fully Served?
A reader recently enquired about laying a complaint with the office of the FAIS Ombud. The enquiry stemmed from an investment that one of his clients made in the calamitous RVAF scheme, which […]
FICA Exemption
The Financial Intelligence Centre published Public Compliance Communication (PCC) 29 to provide guidance on the application of Exemption 4 of the FIC Act which provides for the reliance by one accountable institution (the […]
Gold for the Super Sevens Side
Winning the gold medal at the Commonwealth games is fantastic. Beating New Zealand in the final is priceless. As Supersport puts it: Their 17-12 victory meant that the Kiwis lost their first ever […]
Commission on Orphan Policies
What happens to the commission of intermediaries who resign, or whose contracts with product providers are cancelled? The latest FAIS Ombud newsletter contains an example which throws some light on the subject. Ombud […]
Proposed capping on Consumer Credit Insurance Premiums
Last week we commented on a request for public response to a “Technical Report on the Consumer Credit Insurance Market in South Africa”. One of the proposals concerns regulating the pricing of CCI. […]
Let’s start at the very beginning
This line from “The sound of music” applies equally well to those who have written the level 1 REs on several occasions and failed. It may be wise to stand back, review what you […]
Will History Repeat Itself?
I want to take you back to 17 May this year. The Sharks recorded one of their finest victories ever on this day when they broke the SA drought against the Crusaders in […]
Fourth Ombud Ruling on RVA Fund
The office of the FAIS Ombud published its fourth determination against a financial advisor on Friday. In essence, it found that, in four all instances, the losses suffered by investors resulted from clients […]
