This article, first published in the Van der Spuy and Partners newsletter, provides an objective, legal perspective on the obligations of the two parties involved in an insurance contract. Your newly gained knowledge […]
These three-hour workshops cover the following topics: Binder Agreements: what are the practical ramifications for my practice? The Outsourcing Directive: are your administration fees legal? Market practices relating to payment of fees: what […]
The Professional Provident Society (PPS) announced in a media release last week that, from 1 October, the PPS RA (underwritten by Sanlam) will be closed for new business, as well as for new […]
The Registrar of Financial Services Providers withdrew the licence of Premier Life (Pty) Ltd (‘Premier’) to act as a financial services provider. The withdrawal prohibits the company from conducting business as a FSP […]
We plan to run the first of our “Brass Tacks” workshops in October. Feedback from readers indicate that they are swamped with invitations to workshops and training sessions. The aim of some of […]
Enforcement of the FAIS Ombud’s determinations appears to be a problem, particularly from a consumer perspective. What recourse do consumers have when those ordered to make good, elect to ignore the instruction? An […]
Gedurende die tydperk van 23 Julie tot 19 Augustus 2012 is die magtiging van 240 Finansiële Diensverskaffers (FDV) opgeskort. Die redes was: nie-betaling van heffings en die nie-indiening van voldoeningsverslae en/of finansiële state. […]
When you hear Liverpool fans sing “You’ll never walk alone”, rest assured that you can join in when it comes to applying the principle of fairness in the financial services industry. The judgment […]
Most of us would rather learn from the mistakes of others, than from our own. If you share this view, and would like to find out where they went wrong, please click here […]
Financial Services Board (FSB) and Johannesburg Stock Exchange (JSE) are world class regulators The recently published Global Competitiveness Survey of the World Economic Forum (WEF) holds many reasons for South Africa to be […]
For most of us, TCF is something hovering vaguely somewhere in the ether. With a bit of luck, and if we ignore it long enough, it will go away. Sorry to burst your […]
The FSB’s Insurance division did a telematic broadcast yesterday, providing an update on its activities, and sharing new developments with the industry. The Agenda reads as follows: Binder Agreements: Outsourcing & Intermediary services […]
The application process has become quite a procedure, as has applying for changes to an existing licence. Moonstone has a vastly experienced team to help you overcome the hurdles and hassles normally associated […]
The judgement can be regarded as a ground-breaking ruling regarding the powers of the Ombud as an alternative resolution platform. The main point concerned the right of a respondent, against whom a complaint […]
On 29 August, the FSB broadcast a workshop aimed specifically at independent financial advisors. The title of the presentation is: “What’s new, and what to be aware of”. The Agenda covered the following […]
Following an application by the Executive Officer of the Financial Services Board (FSB), the South Gauteng High Court on 6 September 2012 granted a provisional order to place the life insurance business of […]
Exemptions have become an integral part of our regulated environment. A recent response by the FSB to such a request provides very useful insight into the process. There are only two grounds on […]
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