Breaking: SCA upholds Old Mutual’s Living Hands appeal

Old Mutual Unit Trust Managers off the hook for R1.7 billion claim arising from Fidentia scandal.

Healthcare Hurdles

I am writing this article on the morning of budget day. One of the topics which feature quite heavily in pre-budget speculation concerns progress on the planned National Health Insurance (NHI). Of even […]

Views on Risk Profiling

Last Monday’s article on the on the Smit determination, which involved an investment in the Dynamic Wealth MR Property Fund, certainly drew a lot of discussion. An experienced broker, and long time personal […]

SARS Grawe nog Dieper in Jou Rekords:

My kollega wys my gister ‘n e-pos wat hy van sy bank ontvang het oor verdere stappe wat SARS implementeer om belastingbetalers se eerlikheid te toets. New SARS requirement: Your home loan balance […]

Full Qualification Training

Moonstone’s training division currently offers two “Further Education and Training Certificates” on Level 4 and four qualifications on level 5 and level 6, respectively. Initially, we focused on helping FSPs obtain the minimum […]

FAIS Ombud Indicts Product Provider

It has become a hackneyed phrase to term an event “ground breaking”. In this instance, I think it applies. We have for a very long time voiced our concern over the fact that […]

Make financial planning a priority in 2013

This latest “GrayIssue” from Allan Gray is a well written article inviting clients to: “Make financial planning a priority in 2013” Research from the US1 shows that financial planning is a critical factor […]

Advisor Prejudice & Vested Interests

By KEN SILKE (B.A. LLB. (UCT) AA Arb, Advocate of the High Court of South Africa One of the prime examples of advisor prejudice is where an Independent Advisor advises a client to […]

Moving a Book?

The latest determination by the FAIS Ombud is a good example of why it is so necessary to make sure that you inform your client of any material changes to an existing product. […]

Who let the dogs out?

This past year had its fair share of ups and downs. It is normal practice to review the year gone by, and hopefully learn from it. It also provides an opportunity to ponder […]

Is Insurer in Breach of Agreement?

A recent settlement between the FSB’s Enforcement committee and a direct insurer reads as follows: The parties agree that the offering of the Travel and Card Cash back benefits that formed part of […]

Termination of Agreement Or Business

I received an enquiry from a reader last week who decided to leave the industry after 30 years. He asked for advice on what he needs to do, as another advisor offered to […]

Moving a Short-term Book

Publication of the FAIS Ombud’s annual report provides a great learning opportunity every year. We believe that learning from someone else’s mistakes is far better than from your own. A subject that made […]

Check your Details at the FSB

On Thursday we reminded readers of the necessity to notify the FSB of any material changes in their licensing conditions. A Moonstone Protector client in Bloemfontein had recently changed auditors, and was concerned […]

Licence Profile Changes

Authorised financial service providers are legally required to advise the FSB in the prescribed manner of any changes to their licensing conditions, within 15 days of such changes. Many FSPs are not aware […]

FSB Circular 10 on REs

There will no doubt be some very clever calculations done, based on the statistics contained in this circular. It never ceases to amaze me how some people can spend hours dissecting these figures […]

Did the Crime fit the punishment?

Further to last week’s article Bark without Bite?, we expand on the closing sentence which read: “ We are not propagating stricter censure for transgressors, but merely asking that a uniform standard be […]