Blue The FSB telematics broadcast on 28 August 2013 was intended for independent financial advisors and covered a wide range of topics, including one simply titled: FAIS Ombud Determinations. The introduction states that […]
The following posting, by a member of the public, was recently placed on our website in response to an article we published a few months ago: What a pity I didn’t see this […]
We recently approached the FSB for clarity on how, and by whom, the quantum of an Enforcement Committee penalty is determined, and what options respondents, who elect not to enter into a settlement […]
The Pension Fund Adjudicator published her annual report last week. It contains some very positive indicators, as well as concerns for the industry, and the public. In the message from the Minister of […]
Problems that were experienced in accessing information on the Regulator’s website appear to have been addressed in the new version. The old one was essentially user-friendly to Internet Explorer users only. The website […]
An article entitled Regulation not crippling sector, FSB contends by Gillian Jones in Business Day provides two differing perspectives on this issue. On the one hand, there is the view of Johan van […]
The Financial Intelligence Centre (FIC) told Parliament that the number of suspicious financial transactions in SA in 2012-13 skyrocketed by 176% compared to the previous financial year, notes a Business Day report. FIC […]
The impact of regulation on the number of people in the industry remains a major source of interest for many people. It could stem from a need to know that there is safety […]
In a competitive environment, cost disclosure enables price comparisons, leads to price competition and results in higher investor return. The practice, however, is met with an almost united “can’t do” response from the […]
The new Premier League season in England is underway, and one of the main topics of conversation is the impact that the change in managers may have on the success of the teams […]
Co-administration agreements (also referred to as profit-sharing or 80/20 agreements) between insurers and funeral parlours or funeral administrators are under the magnifying glass of the FSB. This is very much in line with […]
An unlicensed direct insurer, Model Insurance, who claims to have been doing business since 2007, is currently under investigation by the Regulator. Their activities came under the spotlight after their alleged failure to […]
“The volumes of cases for debarments are mind boggling as they paint a picture of an industry replete with misfits and incompetent representatives. Simply put, the public is at risk.” Harsh words from […]
There are some who will say that rugby is not as serious as work – it is much more important. Recent incidents in the sporting world confirmed a theory also held by many […]
If you experience problems accessing information from the FSB website, please read the information below. This is copied directly from the Regulator’s website. Internet Browsers The FSB developed this website to work correctly […]
Two media articles on the new Old Mutual Wealth business model, published on Wednesday, will certainly cause more than just a stir in the industry. As usual, the mention that commission would no […]
The draft document published by the FSB on proposed changes to the fit and proper requirements makes provision for further distinctions between certain product categories. In 2012 the Registrar granted an exemption to […]
