The discussion on the retail distribution review conducted by the FSB provides for the following proposals specifically as it relates to the short-term industry: Remuneration for selling and servicing short-term insurance policies It […]
While the general expectation is that this document’s sole intention is to replace commission with fees, it is far more encompassing than that. We publish below some of the aspects contained in the […]
It is that time of year when a very annoying, yet compulsory, questionnaire is being circulated. SARS needs confirmation about your personal service provider status, and each product house that you have contracted […]
The current media spat between attorneys Ronald Bobroff and Partners and Discovery Health has a much wider bearing on the industry than just that of the healthcare environment. In essence, the law firm […]
The platform which offers investors a guaranteed annual return of 19.5% was the subject of a number of articles published in Moneyweb recently. The article titled, Are Cambist’s contracts genuine, points out that […]
The eighth edition of Healthcare in South Africa by Liz Still is now available. The focus of the 2014 edition is the regulatory environment and the current profile of the private health sector […]
There will be in a delay in the implementation of preservation reforms, including the increase in the contribution cap to 27.5% announced earlier, as well as the simplification of contributions between the different […]
A media release by the Competition Commission on 13 October states that it has launched investigations into “…price fixing, market division and collusive tendering in the market for the manufacture and supply of automotive […]
The Financial Services Board (FSB) warns the public to refrain from conducting any financial services business or investing funds with Discount Mart Cleaning Services CC trading as DMC Holdings (DMC) and/or Mr Abdool […]
The importance of the legal requirement to only conduct business with a duly authorised financial services provider was painfully underlined in the latest order by the Enforcement Committee (EC), when the respondent, a […]
Have you ever wondered why this disclaimer is contained in every claims settlement letter? The latest newsletter from the Long-term Ombud contains details of why merely stating “In full and final settlement” is […]
An article in Business Day last week provided an update on the long-awaited white paper on the Retail Distribution Review (RDR), which appears to be due any day now. Caroline da Silva, DEO […]
Last week was not a good one for the two most prominent property syndications in the country. We reported elsewhere about the woes of Sharemax, and now Picvest also made the headlines. This […]
In an address to parliament on 4 September, the Minister of Finance expressed concern over the number of people resigning to get their hands on money in their pension and provident funds. The matter […]
SAIA notes in its August newsletter that the Treating Customers Fairly (TCF) Department will cease to exist. It will, in future, form part of the Market Conduct Strategy Unit. This is in line […]
The FSB and FAIS Ombud levies are calculated on the status of your FSP as at 31 August every year. Any changes to the rep register must be conveyed to the FSB within 15 days. […]
Details of appeals against decisions by the FSB’s Enforcement Committee provide very interesting insight into the practical application of legislation affecting most of our subscribers. What makes it even more interesting is that […]
