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Lockdown

Where does the National Lockdown leave FSPs?

Annexure B to the supplementary regulations published in respect of the National Lockdown includes the term “Insurance services” in the list of essential services. This term is unfortunately not defined anywhere further in the regulations or the empowering legislation and that leaves FSPs in the dark about where their services fit in. In the absence […]

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retirementsssssss

Revolutionary new approach to retirement planning – Focussing on the present rather than the future

Researchers at Stellenbosch University have come up with a novel approach in how we tackle retirement provision. It looks at the here and now, rather than make guestimates about an uncertain future. At the same time, it helps you, the adviser, approach the challenge from the client’s perspective, rather than your own, or that of […]

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pension-fund

Pension Benefits – Permissible deductions where fraud is alleged

A recent determination by the Financial Services Tribunal concerned the PFA’s order to release withdrawal benefits to employees. The employer challenged this decision as it originally withheld the benefits based on a disciplinary inquiry into allegations of soliciting and taking bribes against the two employees. What does the Pension Fund Act say? Section 37D(1)(b) of […]

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investmentsarticle

CIS grows assets to R2.5 trillion – Last quarter shows small net outflow, risk aversion

The Association for Savings and Investment South Africa (ASISA) recently released the Collective Investment Schemes (CIS) industry statistics for the quarter and year ended December 2019. It shows strong net inflows of R123.2 billion for 2019, despite recording a rare quarterly net outflow in the fourth. The statistics further indicates that the local CIS industry held assets […]

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discount

Qualify to become a Compliance Officer – Moonstone offers reduced rates for limited time

Compliance Officers generally provide compliance services to the management of a company, to assist them in discharging their responsibilities in compliance with various regulatory as well as legislative requirements. Moonstone’s Occupational Certificate: Compliance Officer (NQF level 6) equips you with expert theoretical knowledge combined with practical experience to provide such services. Qualified students will be able to conduct Enterprise-wide […]

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MBSE’s Higher Certificate – Affordable payment options

Stricter regulation since 30 September 2004 has led to very demanding fit and proper requirements as part of the professionalisation of the financial services industry. New entrants often contact the Moonstone Business School of Excellence (MBSE) for advice and guidance on how to plan their career path and which qualifications to choose. The latter, specifically, […]

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Need to obtain a relevant qualification? – Moonstone offers assistance with career path

Depending on the financial product/s which financial advisers are authorised for, new entrants to the industry may need to obtain an appropriate qualification for the applicable financial products within six years from their date of first appointment (DOFA) for that financial product. Not only is it a regulatory requirement – these competency requirements also have […]

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Cyber-security

Allianz Risk Barometer 2020 – Is cyber risk really South Africa’s top corporate concern?

The Risk Barometer is an annual survey on global business risks from Allianz Global Corporate & Specialty (AGCS). The 2020 edition incorporates the views of a record 2,718 respondents in over 100 countries. For the first time ever, cyber incidents (39% of responses) ranks as the most important business risk globally in the ninth Allianz […]

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