Legal precedent set as Odendaal’s assets forfeited in Steinhoff fraud battle

The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.

FNB Instructed to Cough Up

Four years ago, former FNB financial adviser, Clynton Cotton, pleaded guilty to stealing R12 million from his clients. One of them, Carmen Goodman, finally won her court battle with the bank. FNB was […]

FSB Exempt from Liability?

Under the proposed Financial Services Laws General Amendment Bill, the Financial Services board will be protected from legal liability for their bona fide actions, even if these are negligent. According to a report […]

Dwindling Sole Prop Numbers and Rent a KI

Last week, we commented on the fact that there are only 2 492 sole proprietors in the industry, based on the latest FSB statistics. One reader, speaking from personal experience, wrote as follows: […]

It Makes CENCE to get involved

I am quite proud to share with you a report received from CENCE, our Social Investment initiative. The name CENCE is the acronym for “Consumer Education through National Collaborative Enablement”. Cence, in partnership […]

Outsurance Ad Update

The original article published by RiskSA regarding a misleading advertisement elicited a response from OUTsurance. The original article reported on a finding by the Code of Complaints Committee of SAIA that a particular […]

Inseta Vouchers Available

Inseta has 1 000 vouchers available to those looking for financial support in obtaining a full qualification. This applies equally to those already studying towards a recognised qualification, and those wanting to start […]

Did Direct Insurer Transgress?

An on-line article concerning an advert of a direct insurer which transgressed the Code of Conduct of a professional body, was removed this morning. We also prepared an article on this, but decided […]

Guaranteed annuities, Ugly Ducklings?

This article was published in IG eZine October 2012. In view of the current debate on changes to retirement provision, it is essential reading to provide a more balanced perspective on the choice […]

Vereistes vir Voldoeningsbeamptes

Veranderde vereistes vir voldoeningsbeamptes (VBs) het nogal heelwat kopkrap veroorsaak vir die bedryf. Die inligting hieronder, wat Moonstone Compliance verwerk het uit Raadskennisgewing 127 van 2010, sal lesers help om meer duidelikheid te […]

Sustainable income in retirement

By Pieter Koekemoer, Head of Personal Investments, Coronation One of the toughest financial planning tradeoffs, is ensuring that retirees’ post-retirement income is sustainable over the full period of retirement, without compromising more than […]

Human Capital Development Forum Established

A number of industry associations joined forces to form the Short Term Insurance Human Capital Development Steering Committee. The purpose is to oversee and drive the professional standards of the South African short-term […]

Binder Workshop Positive Feedback

We received many positive comments after the first of five workshops: I have been to a few Binder Regulation workshops and can honestly say that this has been the most insightful and best […]

Perennial Problem Pops up Again

It is that time of year again when you can expect a request from product providers to sign a Personal Services Company Affidavit. This request continues to irk advisors, yet there is nothing […]

We are Stardust

(I attached links to the songs mentioned in the article to help set the mood while you read) Woodstock was a “happening”, to use a buzz word of those times. In the words […]

FSB On-Site Visits

On Monday we discussed the functions of the FSB’s FAIS Compliance Department in an article by the same name. We indicated where they get information which leads to further action, including on-site visits […]

Binder Agreement Workshops

If the current state of bookings is an indication of what will happen in the Currie Cup, the Lions are going to retain their title hands down. The first session in Johannesburg was […]