Interest rate cuts – The end of the free lunch
Last week the Monetary Policy Committee (MPC) announced another interest rate cut by 50 basis points, the fourth rate cut since the start of 2020. While this is good news for borrowers, and those […]
Industry News
Retirement Fund Contributions during COVID-19 – IRFA reminds funds of options
The Institute of Retirement Funds Africa recently held and facilitated a Webinar on “Retirement Fund Contribution Options in the time of COVID-19,” and it is now freely available to employers, retirement funds and […]
Retirement Fund Contributions during COVID-19 – IRFA reminds funds of options
The Institute of Retirement Funds Africa recently held and facilitated a Webinar on “Retirement Fund Contribution Options in the time of COVID-19,” and it is now freely available to employers, retirement funds and […]
Level 3 brings new responsibilities – Make sure you do it right first time
Moving to level 3 will mean that most sectors of the economy will reopen on the 1st of June. However, the reopening of South Africa’s economy after COVID-19 lockdown comes with strict requirements. […]
Level 3 brings new responsibilities – Make sure you do it right first time
Moving to level 3 will mean that most sectors of the economy will reopen on the 1st of June. However, the reopening of South Africa’s economy after COVID-19 lockdown comes with strict requirements. […]
Resumption of Regulatory Exams – Now offered at FSP’s own venue in main city centres
The good news is that Regulatory Examinations can be conducted under specific conditions again. Until further relaxation of lockdown regulations, Moonstone will deliver the Regulatory Examinations at the FSP’s own venue (a minimum […]
Resumption of Regulatory Exams – Now offered at FSP’s own venue in main city centres
The good news is that Regulatory Examinations can be conducted under specific conditions again. Until further relaxation of lockdown regulations, Moonstone will deliver the Regulatory Examinations at the FSP’s own venue (a minimum […]
Joint Communication 2 and 2A of 2020 – Further clarity for AIs on submission of their required action plan
Joint Communication 2 issued on 21 April 2020 sets out the Financial Sector Conduct Authority (FSCA), South African Reserve Bank, Prudential Authority (PA) and Financial Intelligence Centre (Authorities) position concerning the COVID-19 pandemic […]
Joint Communication 2 and 2A of 2020 – Further clarity for AIs on submission of their required action plan
Joint Communication 2 issued on 21 April 2020 sets out the Financial Sector Conduct Authority (FSCA), South African Reserve Bank, Prudential Authority (PA) and Financial Intelligence Centre (Authorities) position concerning the COVID-19 pandemic […]
Banking Ombud reports increase in complexity of complaints – 2019 Annual Report
The Ombudsman for Banking Services (OBS) published its annual report, showing an increase in calls received, but a decrease in actual complaints registered. Although the statistics for 2019 demonstrate a decrease in complaints, […]
Registration as an Essential Services Provider – Guidelines for Sole Proprietors
Since the announcement of the Level 4 Lockdown restrictions and the publication of the requirement that businesses that perform essential or permitted services need to register themselves as such with the Companies and Intellectual […]
Joint Communication 4 of 2020 – Clarification on regulatory requirements applicable to funeral insurance policies
“The Prudential Authority (PA) and the Financial Sector Conduct Authority (FSCA) (jointly referred to as the Authorities) have received requests for clarity in respect of the perceived regulatory inconsistency in the application of […]
Insurers need to gauge solvency issues resulting from Covid-19 impact via risk profiling
A recent article by BDO South Africa highlighted the importance of financial soundness for institutions with contractual obligations to investors. The question that the boards of insurers should be asking themselves is whether […]
Lockdown learnings for retirees – Trim the fat from regular spending
A volatile financial climate has seen many South African pensioners in living annuities looking to increase their withdrawals to cover current cash shortages. However, retirement income specialist, Just, advises strongly against this, recommending […]
Internal COVID-19 Compliance Officer – Focus on Disaster Management as distinct from Fit and Proper CO
The latest Regulations in terms of the Disaster Management Act set out specific measures that employers are required to take to protect their employees in the workplace from COVID-19. According to the Level 4 […]
Investments uncertainty – Assist your clients to have “cooler” thoughts
With the extreme market volatility and emotional turmoil caused by the COVID-19 pandemic, it’s understandable that investors are concerned about their investments. According to Nomi Bodlani, head of strategic markets at Allan Gray, […]
Investments uncertainty – Assist your clients to have “cooler” thoughts
With the extreme market volatility and emotional turmoil caused by the COVID-19 pandemic, it’s understandable that investors are concerned about their investments. According to Nomi Bodlani, head of strategic markets at Allan Gray, […]
