FSP Numbers Update
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 […]
Industry News
Products and fees structures need simplifying
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 […]
How Pivotal a Role does Managers Play in Goal Achievement?
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 […]
Funeral Industry Arrangements Under Review
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 […]
No Role Model – Insurance company under the spotlight
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 […]
Debarments a Sorry State of Affairs
“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 […]
Regulatory Overkill?
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 […]
FSB Internet Technical Specifications
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 […]
Old Mutual Wealth Initiatives cause stir
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 […]
New subcategories of financial products
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 […]
Used Spare Parts Kosher Again
A few weeks ago, we reported on proposed legislative changes which would place a ban on the sale of spare parts from scrapped vehicles. A report on IOL News states that sanity appears […]
Commission Impact on Client Returns
Rob Rusconi shocked the industry in 2004 when he did a presentation to the actuarial society on the impact of expenses on retirement provision of individuals. In the ensuing investigation by the national […]
Wealth Management Qualification Training in August
Our next training session takes place from 27 to 29 August at the Oakdale Club in Bellville. Moonstone Intellectual Capital (MIC) offer learners the opportunity to qualify for the further education and training […]
NHI – Not All Plain Sailing
The proposed National Health Insurance (NHI) system is slowly but surely finding its way back into the media after a long lull. Reports earlier this week included a number of observations from luminaries […]
Seta Levies under the Microscope
It appears that it is not only schools that have educational problems. The Sectoral Education and Training Authorities (Setas) still have their fair share of troubles. New Seta grant regulations came into effect […]
Charges in Retirement Provision
On 11 July, the National Treasury released the last paper in a series of five technical discussion papers on promoting household savings and reforming the retirement industry. The first four were: Enabling a […]
Outsurance Advert in the Spotlight
Beeld recently published an article on the Outsurance advert which offers clients all their premiums back after 15 years. It certainly makes interesting reading, and raises a few points which I am sure […]
