The February 2015 IISA newsletter contains details of an interview conducted with Dr Brian Benfield who recently retired from the University of the Witwatersrand as visiting professor, Insurance and Risk Management after teaching […]
On Thursday, Moneyweb published an article titled: Process to repay 170,000 Defencex investors underway. This is an update on a story they have been covering for some time now. The introduction reads: Investors […]
Technology has certainly levelled the playing fields as far as South Africa and the rest of the world is concerned. Gone are the days when we simply piggy-backed on what happened elsewhere in […]
The announcement of this incentive, intended to promote savings, received a fair amount of media coverage. It will be interesting to see whether this continues, and what impact it will have on the […]
Fais Circular 6 of 2013 announced the postponement of the Level 2 Regulatory Examination until further notice to allow the FSB to amend the qualifying criteria and investigate alternative delivery models in consultation with […]
The Council for Medical Schemes (CMS) issued Circular 9 of 2015 on 13 February. The document invites comments on the proposed introduction of a Low Cost benefit Option (LCBO) Framework. The purpose of the framework is to […]
FAIS Information Circular 11/2015 contains 7 new specific email addresses for queries to the FSB’s FAIS Department. It also contains a complete list of all FAIS email inboxes that the external stakeholders should […]
Conflict of Interest (COI) was addressed in detail in Board Notice 58 of 2010. Broadly speaking, it aimed to address the provision of incentives like overseas trips and other “extras” with the potential […]
The final Notice and Regulations that allow for the introduction of Tax Free Savings and Investment Accounts (“TFSAs”) with effect from 1 March 2015 were approved by the Minister of Finance, according to a media […]
In a recent article in Moneyweb Today, Patrick Bracher, a director of Norton Rose Fulbright is quoted as saying: “New financial advice regulation contained in the Retail Distribution Review (RDR) highlights the failure […]
The Retail Distribution Review is the fourth in a series of documents which aim to address unsatisfactory outcomes for contractual savers. The December 2004 National Treasury Discussion Paper on Retirement Fund Reform appeared shortly […]
We regularly receive enquiries from readers who are considering selling their practices. One of the big problems is establishing a fair value. This is normally determined by the turnover of the business, and […]
On 23 January, our article: Improving Internal Complaint Mechanisms discussed the proposed measures, contained under the draft Market Conduct Framework, to align your internal complaints management framework with the TCF outcomes. The same […]
We receive regular enquiries about people wanting to qualify to become “Finance and Insurance” (F & I) consultants in the motor industry. In order to become an F & I, one needs the […]
Your article on remuneration for different services made a lot of sense to me, and certainly deserves further discussion. As the IFA gets squeezed from all sides [extra work, less income & increased […]
The figures published in the Retail Distribution Review discussion document provide a very clear picture of the current make-up of the industry in terms of market segmentation of advisors. In the past it […]
While there is clarity on the existing remuneration system, which is essentially commission driven, proposals under the Retail Distribution Review aim to differentiate between various kinds of services, and establish fair remuneration for […]
