A matter of Record
We receive many enquiries from readers who require an official record of their qualifications as listed by the authorities. The Inseta website is the place to find this. There are specific guidelines on […]
Author: Paul Kruger
Aussie Onslaught
This weekend sees four of the five SA sides take on Aussie opponents. All local supporters are hoping for a “four Aces” hand, but that could be wishful thinking, unless we see a […]
Disability a Rich Source of Future Business
An independent survey conducted by True South Actuaries & Consultants, and commissioned by FMI Income Protection Specialists in March 2013, revealed that the South African disability insurance gap currently stands at R11.1 trillion. […]
Does Financial Advice add Value?
Andy Capp was one of my favourite cartoon characters. One day, as they are strolling home, Andy appears to be particularly dejected. When Florrie asks him what is wrong, he responds that he […]
Sharemax Direkteure doen aansoek om Appél
Die Siegrist uitspraak van die FAIS Ombud gaan betwis word. In hierdie opspraakwekkende beslissing is 4 direkteure van Sharemax Beleggings aanspreeklik gehou vir die verliese wat beleggers gelei het in die Villa en […]
Why Accurate RE Stats are hard to come by
The media carried several articles, amongst others, on how many licences have been suspended. In correspondence with the FSB last week, several reasons for difficulty with drawing accurate statistics were highlighted. The means […]
Practical implications of Licence Suspension
We obtained a copy of a “Notification of Suspension of Authorisation” sent to an FSP who failed to write the level 1 regulatory examination by 30 June 2012. The FSP in question failed […]
“F” is for FAIL
Dankie Vader vir die Vrystaat. Die naasgunstelingspan van byna elke rugby ondersteuner in die land, benewens die Cheetahs se eie ondersteuners, het die naweek op die regte noot afgeskop deur vas te byt […]
The student who obtained 0% for an exam – how he did it
Question 1 In which battle did Napoleon die? *His last battle Question 2 Where was the Declaration of Independence signed? *At the bottom of the page Question 3 River Ravi flows in which […]
FSB Licencing made Easy
The second part of the DVD of the FSB telematic broadcast of 7 March covered the following topics: Profile changes: Contact details Add/amend.remove Representatives Directors/members.shareholder details Approval/removal of Key Individuals Online Submissions: […]
Practical Compliance Advice
The telematic broadcast on 7 March provided factual information about FAIS related matters, with a good smattering of practical advice from the two guests. The first session of the presentation, by Charene Nortier, […]
RE Statistics Updated
Various media reports on the regulatory examinations saw the light recently. A document in this regard also appeared on the FSB website yesterday. It states that the pass rate is now 88%, presumably […]
Churning out Commission
In a number of determinations over the past few years, the FAIS Ombud ruled against FSPs who did not follow the laid down procedures, prescribed in the FAIS Act, when replacing existing business. […]
A War on Four Fronts
Cheetahs vs Waratahs The bigger threat for the Cheetahs tomorrow will not be their opponents, but over confidence after their stunning performance last week against the Highlanders. While some of the other teams […]
Meanwhile back at the Bell Tower
Quasimodo goes to a doctor for his annual check up. “I think something is wrong with your back,” the doctor says. “What makes you say that?” Quasimodo asks. “I don’t know,” the doctor […]
