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Credits and Competence

RE Credits Over the last two weeks we received a number of enquiries from readers regarding the regulatory exams and credits. How many credits do I need to to qualify to write the REs? Do I get any credits for writing the REs? Where can I obtain extra credits? The following is a brief history […]

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One week left to register

Friday, 15 June, is the final day to register in order to write before the end of June. We scheduled extra exams on Saturdays to accommodate as many late comers as possible. This, however, does not guarantee that there will be a seat if you delay registering to the last minute. There are 3 easy […]

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Super 15 Surprises

Na ek Donderdag se berig in die Moonstone Monitor weer gelees het, besef ek net weer hoekom rugby vooruitskouings en weervoorspellings so baie in gemeen het. Nes jy dink jy ken al die antwoorde, verander hulle die vrae. Daar herhaal die Lions toe sowaar die uitslag van die Curriebeker finaal en die Stormers bewys my […]

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Registration deadline for June

The last day on which one can register to write before the end of June is ten days from today, on 15 June. Those who have not yet registered is cutting it extremely fine. With the expected last minute rush, there is bound to be a scarcity of seats.

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An Irishman in Paris

Murphy, a furniture dealer from Dublin, decided to expand the line of furniture in his store, so he decided to go to Paris to see what he could find. After arriving in Paris, he visited with some manufacturers and selected a line that he thought would sell well back home. To celebrate the new acquisition, […]

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Protecting clients against themselves

This past weekend’s Personal Finance saw a lot of cover given to the dilemma of retirees outliving their retirement savings, particularly those making use of living annuities. Old Mutual launched a new Retirement Safety Income Plan (Safety Plan), which aims to ease the dilemma that clients often face in choosing between a Living Annuity or […]

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What can we learn from the RE Process thus far?

The REs became available twenty months ago. What could have been done differently? Let me start off by saying that there is no doubt in my mind about the necessity for regulatory examinations. From numerous conversations with a wide variety of advisors, it became apparent that a huge misunderstanding exists about just what the level […]

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Compliance Report 2012: Shark scare for Sole Prop

A Moonstone Protector client received a notification from the FSB regarding the submission of his annual compliance report. The following sentence concerned him, and he contacted us: “In terms of the provisions of Section 17(4) of the Act read together with Board Notice 89 of 2012, all authorised Category I Financial Services Providers (“FSP’s”) with […]

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Hoe weervoorspellers te werk gaan

Dit is April en die Boesmans in die Kalahari vra hulle nuwe stamhoof “Spaarwater Kruiper” of dit hierdie winter matig of koud gaan wees. Omdat hy stamhoof is in meer moderne tye, het hy nooit die ou geheime geleer nie. Wanneer hy die lug bestudeer, kan hy nie voorspel hoe die winter gaan wees nie. […]

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Continuous Professional Development: Part III

In the previous two articles we discussed the reasons for the introduction of CPD, and the obligations on CPD training service providers. Today we look at what could be expected from FSPs. The specific conditions that apply to individuals (sole proprietors, key individuals and/or representatives) are: (1) Individuals who participate in a CPD programme offered […]

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