Do your RDR plans begin with your clients?
As the implementation of RDR draws closer, financial advisers around South Africa are putting a great deal of thought and effort into their plans to adapt to the new requirements. There are ongoing […]
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RDR Phase 1 Status Update
The FSB published its Retail Distribution Review (RDR) discussion document, which contained a total of 55 specific regulatory proposals, in November 2014. A subset of 14 RDR proposals was identified for implementation in “Phase […]
Future Approach to Market Conduct Supervision
A presentation at the FSB Insurance Regulatory Seminar provided practical insight into what we can expect from market conduct supervision when the new regulatory body is in place. We are rapidly approaching the […]
Update on Phase 1 of the RDR Proposals
A comprehensive update on the Retail Distribution Review will be published in the next two weeks. A glimpse into what this will entail was presented at the FSB Insurance Regulatory Seminar in Cape […]
Taxation Laws Amendment Bill
The announcement of changes in the tax treatment of provident funds led to a flurry of resignations and withdrawals from members of such funds who feared that their ability to withdraw all their […]
RE in Afrikaans afgeskaf
Die FSB het aangekondig dat die Afrikaanse regulatoriese eksamens nie na 30 November 2015 beskikbaar sal wees nie. Volledige besoderhede is vervat in Fais Circular 5/2015. Slegs Moonstone bied die eksamen aan. Om te registreer, besoek asseblief […]
Contradictory Interpretations
The latest issue of the Short-term “Ombudsman’s Briefcase” contains an interesting case which highlights again the difficulty of complying with varying interpretations by overseeing bodies. We recently commented on two FAIS Ombud determinations […]
The Ernst & Young Financial Services Confidence Index
The survey for the second quarter of 2015 reflects the unweighted average confidence of four segments of financial services, namely: Retail banking Investment banking Asset management and Life insurance The EY Financial Sector […]
Special Funding Window for Skills Programmes
INSETA opened a special funding window for those wishing to avail themselves of the opportunity to get financial assistance for learners in their employ. Please complete the prerequisite survey by clicking on this […]
Crime and Punishment
It is not only in rugby that we see different standards being applied by those tasked with applying the rules. The recent banning of an adviser in Australia, compared to some recent appeals […]
Piggy banks become investment portfolios
This is the second in a series of articles on savings, published in July, National Savings Month. An article by Rick Briers-Danks, certified financial planner at Veritas Wealth, highlights the need to instil […]
Financial Planning for Women – Sylvia Walker
Life is one amazing experience. Clichéd as it may sound, we are all taken on a journey that is beyond our wildest imaginations, peppered with twists and turns and many highs and lows. […]
Life in a month
This is the first in a series of articles on savings which will be published in July. An article from Allan Gray portrays, in a very clever manner, how procrastination can severely impact […]
Islamic Marriages and Divorce Orders
In a recent determination, the Pension Fund Adjudicator ordered an umbrella fund to reverse its decision not to pay a 50% share of a pension interest as decreed in a divorce settlement. According […]
Remorse as a Mitigating Factor
The latest decision by the FSB Appeal Board contains an interesting perspective on the impact of remorse in cases where a review of a decision by the Regulator is requested. The reasons for […]
Prescribed Minimum Benefits to be Extended?
Intentions by the Department of Health to amend regulations concerning prescribed minimum benefits in terms of the Medical Schemes Act were challenged by Genesis in court on 18 June 2015, asking that the regulations be […]
POPI Road Map
Last week’s publication of the Everlytic Guide to Navigating POPI proved to be very popular with readers. It is an easy to read, colourful document, and ideal to use in training sessions for […]
