Justice delayed…

The Fidentia saga first came to light in March 2007 when J Arthur Brown and Graham Maddock were arrested. In February 2008, Maddock entered into a plea bargain and was sentenced to seven […]

Read More

2013 Annual FPI Convention and Expo

The 2013 Annual FPI Convention is just around the corner. Cited as one of the most prestigious and comprehensive conferences in this field, and with 800 delegates already registered, the convention promises to […]

Read More

More on Hippo Comparative Services

Our article on Monday was based on the contents of an FSB media release. We were unable to verify the facts against the actual Enforcement Committee order as the FSB website was unavailable […]

Read More

Hippo Comparative Services Fined R1 million

We received the following media release from the FSB over the weekend: The Registrar of Financial Services Providers (Registrar) referred a case against Hippo Comparative Services (Pty) Ltd (the Respondent), FSP number 16357 […]

Read More

Address changes

  Drafting this article reminds me of the saying “preaching to the converted”. If you are reading this, then obviously your address on our database is correct. We do, however, receive many calls […]

Read More

FSB Information Letter 3 on Binder Regulations

The purpose of the document is to provide guidance on: Activities that constitute binder functions Remuneration payable by the insurer to the binder holder and The Registrar’s interpretation of the regulations from a […]

Read More

FSB Presentations in 2013

The FSB published a list of communication events to be hosted by the FAIS Division between June and December 2013. The events are aimed at FSPs, key individuals, compliance officers and representatives. Please […]

Read More

FSB warns against NaxaInvest

In a recent press release, the Regulator warned the public against conducting business with NaxaInvest. It is not authorised as a financial services provider and is not a representative of an authorised financial […]

Read More

Industry News Summary

Readers who, like us, find value in the monthly summary of industry events published by InsuranceGateway can click here for a copy of the April summary. The very topical issue of “underwriting at […]

Read More

Temporary Disability Offers New Opportunity

FMI, an income protection specialist company, retained True South Actuaries and Consultants to investigate the market for disability cover in South Africa and report on such efficiencies and inefficiencies as are found. Their […]

Read More

FAIS Ombud Discontinues Case Fees

The following announcement was published on the home page of the FAIS Ombud: In terms of the Financial Advisory and Intermediary Services Act, read with Rule 9(a) of the Rules of Proceedings of […]

Read More

NAIFA No Longer

The National Association of Independent Financial Advisers (NAIFA) was terminated in February, according to an article in the Financial Mail. According to its website, “NAIFA was established in South Africa late in 2010 […]

Read More

Inseta Broker Network Update

The Inseta Broker Network provides free membership. Its aim is to assist brokers, and their support staff, with training related matters. I must admit that “eduspeak” often confuses me no end. Hopefully this […]

Read More

Remuneration Review Part II

This is the balance of the article, the first part of which was published in the Moonstone Investment Indicators last Monday. It appears in the March edition of the ASISA publication “In the […]

Read More

FSB Clarifies Press Release

In a media statement, issued on Thursday, 11 April 2013, the FSB advised that Zargogen, trading as Sharepartner, The Shareholder Partnership, TSP, was not a licenced FSP and investors were cautioned not to […]

Read More