Moonstone Information Refinery – Page 113

Advisers ‘could charge more’ for the value they deliver

International comparisons suggest there’s scope for local advisers to lift fees above 0.5% of AUM, says Mark Polson of UK consultancy The Lang Cat.

Cases that were resolved wholly or partially in favour of the complainants fell to 29%.

The amalgamated scheme will later include the FAIS Ombud and the JSE Ombud.

FSCA issues a spate of warnings about scammers impersonating authorised FSPs and offering unrealistic returns.

His FSPs were fined a total of R250 000 for selling two products before they were licensed.

Collective agreements dealing with retirement funds must be concluded with reference not only to employment laws but also the Pension Funds Act.

Any stupid remark or action could lead to a further downgrade in South Africa’s credit rating and higher 10-year government bond yields.

High Court rejects arguments that they owed the insurers a statutory duty.

The Centre has launched a new forensic unit to assist law enforcement combat complex money-laundering cases.

The fund said the automated payment of the spouse’s 50% interest was already in process, and the payment could not be stopped.

Director signs an undertaking not to be involved in the financial services industry for seven years.

Until now, affirmative action in South Africa has not been underpinned by numerical targets.

The key issue in the appeal application was the relationship between the insured event and the life insurer’s duty to pay the claim.

Moonstone Compliance will lay out the best practices for disciplinary procedures.

And applications are now open for the second semester.

Meanwhile, a change in the VAT registration process may inconvenience taxpayers.

The decision highlights numerous irregularities at the Private Security Sector Provident Fund that were not reported to the FSCA.

Loadshedding, inflation, and high interest rates are squeezing consumers’ finances.