Hollard and Etana Merge
Judging from the media release on this transaction, it appears that there are many reasons why it is likely to be a huge success. Both entities are highly successful, and the merger will […]
Industry News
2013 Annual FPI Convention and Expo
This year’s FPI conference boasts a host of industry authorities who will be tackling topical and current subject matter. The programme includes practical workshops and panel discussions by leading experts and opportunities to […]
Intermediary Service Definition Revisited
Common questions asked since FAIS was introduced include: “Does this constitute an intermediary service?” or “Must I be an FSP or representative?” The judgment on 16 May 2013 in the Supreme Court of […]
FSP Licence Update
In the latest announcement by the FSB on the status of FSP licences, we see for the first time that failure to write the regulatory exams feature in the reasons for suspensions and […]
Justice delayed…
The Fidentia saga first came to light in March 2007 when J Arthur Brown and Graham Maddock were arrested. In February 2008, Maddock entered into a plea bargain and was sentenced to seven […]
2013 Annual FPI Convention and Expo
The 2013 Annual FPI Convention is just around the corner. Cited as one of the most prestigious and comprehensive conferences in this field, and with 800 delegates already registered, the convention promises to […]
More on Hippo Comparative Services
Our article on Monday was based on the contents of an FSB media release. We were unable to verify the facts against the actual Enforcement Committee order as the FSB website was unavailable […]
Hippo Comparative Services Fined R1 million
We received the following media release from the FSB over the weekend: The Registrar of Financial Services Providers (Registrar) referred a case against Hippo Comparative Services (Pty) Ltd (the Respondent), FSP number 16357 […]
Address changes
Drafting this article reminds me of the saying “preaching to the converted”. If you are reading this, then obviously your address on our database is correct. We do, however, receive many calls […]
FSB Information Letter 3 on Binder Regulations
The purpose of the document is to provide guidance on: Activities that constitute binder functions Remuneration payable by the insurer to the binder holder and The Registrar’s interpretation of the regulations from a […]
FSB Presentations in 2013
The FSB published a list of communication events to be hosted by the FAIS Division between June and December 2013. The events are aimed at FSPs, key individuals, compliance officers and representatives. Please […]
FSB warns against NaxaInvest
In a recent press release, the Regulator warned the public against conducting business with NaxaInvest. It is not authorised as a financial services provider and is not a representative of an authorised financial […]
Industry News Summary
Readers who, like us, find value in the monthly summary of industry events published by InsuranceGateway can click here for a copy of the April summary. The very topical issue of “underwriting at […]
Temporary Disability Offers New Opportunity
FMI, an income protection specialist company, retained True South Actuaries and Consultants to investigate the market for disability cover in South Africa and report on such efficiencies and inefficiencies as are found. Their […]
FAIS Ombud Discontinues Case Fees
The following announcement was published on the home page of the FAIS Ombud: In terms of the Financial Advisory and Intermediary Services Act, read with Rule 9(a) of the Rules of Proceedings of […]
Is it the end of the world as we knew it, my friend?
It seems there are two schools of thought about the future of the financial services industry. The End of the Innocence Last month, an interesting article titled “Adieu independent advice”, sub-titled “Heading for […]
NAIFA No Longer
The National Association of Independent Financial Advisers (NAIFA) was terminated in February, according to an article in the Financial Mail. According to its website, “NAIFA was established in South Africa late in 2010 […]
