RE and CPD Update
The information below is taken directly from FAIS Information Circular 8/2013. Level 1 REs “The FSB decided to commence with a review of the Level 1 examinations. The review will mainly focus on […]
Author: Paul Kruger
FSB Media Release on Sharemax
“The Financial Services Board (FSB) commented on a circular dated 6 August 2013, issued by Frontier Asset Management to debenture holders and shareholders who have acquired their rights in terms of Schemes of […]
FAIS Ombud Determinations to get worse?
Blue The FSB telematics broadcast on 28 August 2013 was intended for independent financial advisors and covered a wide range of topics, including one simply titled: FAIS Ombud Determinations. The introduction states that […]
Cape of Storms
It is a bit much expecting me to believe that the Sharks, with a possible starting line-up containing eleven Springboks, are the underdogs. There were more attempts at trying to shirk the mantle […]
Outsurance Article Response
The following posting, by a member of the public, was recently placed on our website in response to an article we published a few months ago: What a pity I didn’t see this […]
TCF Update
The Treating Customers Fairly Roadmap provides some guidance to the planned roll out of this initiative, with enforcement indicated as starting in January 2014. The fact that it has its own unique little […]
Cream Rises to the Top
On the Supersport website, Gavin Rich writes the following scene set for Saturday’s final: The Absa Currie Cup has seen a definite step-up from 2012, and now it is set for a fitting […]
FSB in the Box
I came across a most interesting document on the FSB website. Allan Greenblo, Editorial Director of Today’s Trustee, conducted an interview with Mr Dube Tshidi (pictured above), executive officer of the FSB. One […]
Second Last Hurdle
The Currie Cup is not nearly as important on the rugby front as it was in days gone by, but it retains interest for many of us for whom it was the only […]
Positive News from PFA
The Pension Fund Adjudicator published her annual report last week. It contains some very positive indicators, as well as concerns for the industry, and the public. In the message from the Minister of […]
Risk Management Plans
Section 11 of the General Code deals with the control measures required: “A provider must at all times have and effectively employ the resources, procedures and appropriate technological systems that can reasonably be […]
FSB and Ombud Levies
All registered FSPs should, by now, have received their invoices in respect of the FSB and FAIS Ombud levies. These levies are for the period 1 April 2013 to 31 March 2014. If […]
New FSB Website
Problems that were experienced in accessing information on the Regulator’s website appear to have been addressed in the new version. The old one was essentially user-friendly to Internet Explorer users only. The website […]
The Die is cast…
Cream will rise to the top, and the final standings in the Currie Cup log is possibly a fair reflection of the fortunes of the teams who battled for a place in the […]
Bless me Father…
An elderly Italian man who lived on the outskirts of Rimini, Italy, went to the local church for confession. When the priest slid open the panel in the confessional, the man said: “Father […]
Dicey Relationships
One would think that the required relationship between key individuals and their representatives are fairly clear. Where a key individual is required, at this time, to have successfully completed the level 1 regulatory […]
Amazing Investment Offered…
A reader sent me a pamphlet from a company called Aspaya. They offer an unbelievable return on investment, and I use the word unbelievable intentionally. “TalentShare Wealth Creation Program I is a six […]
