Online learning – Still time to make MBSE your education partner this semester
Over the last three months education has changed dramatically, with the distinctive rise of online learning, whereby teaching is undertaken remotely and on digital platforms. Yes, we have entered an era where online education is the new normal. The question is which intuition do you choose to be your online education partner? The Moonstone Business […]
Amending the rules of advertising – How to keep your ads safe and within legal limits
Advertisements are likely to be the most regular contact consumers have with companies that offer financial services and products. As a financial services provider (FSP) it is therefore important to be aware of what to include in your advertising and what not. The Financial Sector Conduct Authority (FSCA) has just published the final amendments to […]
Business interruption cover – Insurers facing an avalanche of bad press
In what Moneyweb terms “…a David and Goliath clash…”, the media has joined the fray in highlighting the matter. While several moving emotional pleas were made, there is also legal action. According to Moneyweb Ryan Woolley, CEO of ICA, said that his group is now representing more than 500 mainly tourism and hospitality industry businesses […]
Impact of pandemic on finances – Various studies sketch bleak picture
Life may be returning to a semblance of normal as restrictions are eased, but DebtBusters warns that South African consumers would be well advised to avoid falling into pre-lockdown spending habits. DebtBusters’ quarterly debt index for Q1 2020 showed that average total debt is up 33% compared to the same period in 2016, and Chief Operating […]
Financial consumer education – Ensuring appropriate initiatives
One of the legislated objectives of the FSCA is to protect financial customers by providing them with financial education programmes, and otherwise promoting financial literacy and the ability to make sound financial decisions. As a result, the FSCA has published a Discussion Document containing proposed policy interventions aimed at ensuring that financial consumer education initiatives […]
Social media – 4 ways to step up your game
Social media is important to financial advisors, because more and more people are looking to social media, and the online space in general, for insurance information. Various reports have also revealed that more people are spending time online during the COVID-19 pandemic. In the UK, during the peak of the COVID-19 pandemic in April, Britain’s […]
Should a separate debarment hearing follow after disciplinary hearing? – Supreme Court of Appeal clarifies the issue
by Joani van Vuuren, Shane Johnson, Siya Ngcamu of Webber Wentzel In a recent decision, the Supreme Court of Appeal (SCA) considered the interplay between disciplinary inquiries convened under the Labour Relations Act 66 of 1995 (LRA) and debarments of representatives under the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS Act). The […]
General Code of Conduct and F&P requirements Amendments – Major changes will need your serious consideration
In a note to Moonstone compliance officers, Billy Seyffert, COO of Moonstone Compliance and Legal notes: “These are some of the most important changes since the 2017 F&P changes.” The Financial Sector Conduct Authority (FSCA) has published the final amendments to the General and Short-term Deposit Codes of Conduct as well as Fit and Proper […]
Fit and Proper requirements – Alignment to Insurance Act terminology changes clarified
The Insurance Act, 2017 (Act No. 18 of 2017) promulgated on 18 January 2018, repealed and replaced all the prudential and licensing requirements that were contained in the Long-term Insurance Act, 1998 (Act No. 52 of 1998) and Short-term Insurance Act, 1998 (Act No. 53 of 1998). As a result, the introduction of the Insurance Act resulted in various […]
Use the lockdown constructively – Obtain an accredited qualification
The Moonstone Business School of Excellence (MBSE) offers various accredited qualifications that will meet your Fit and Proper requirements and the good news is that you still have time to start your studies in 2020. The due date for 2nd semester applications has now been extended and you can still apply. MBSE offers various qualifications […]