The following FSB media release clarifies its stance regarding speculation in the press about a South African involvement in an alleged Ponzi scheme said to be run from Mauritius: Following media articles regarding […]
The Financial Services Regulation (FSR) Bill includes a review of the various ombud schemes currently active in the industry. The information below was extracted from the discussion document titled “An Integrated Ombud System”. […]
The information below was printed in Legalbrief Today last week. The National Health Insurance (NHI) White Paper and a draft financing paper are expected to begin the process of being scrutinised by Cabinet […]
Major investment institutions and leading asset managers have welcomed the recent launch of the South African Investment Panorama survey. The study, which is a project spearheaded by international strategic research company Insight Discovery, […]
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 […]
