Artificial Intelligence – Friend or foe?
The world of technology has evolved over the last few years. First, we watched movies on television, now we stream in via the internet. In the same way, we are increasingly adapting to […]
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.
FSCA News – Website down as a result of maintenance
There will be planned maintenance of ICT systems, starting on Friday 7 June 2019 at 17:00, until Sunday 9 June 2019 at 20:00. This means that all ICT services, including the FSCA website, will not be accessible during […]
FSCA News – Website down as a result of maintenance
There will be planned maintenance of ICT systems, starting on Friday 7 June 2019 at 17:00, until Sunday 9 June 2019 at 20:00. This means that all ICT services, including the FSCA website, will not be accessible during […]
CPD – FSCA answers your questions about non-compliance
It is critical for everyone to familiarise themselves with the answers to some very relevant and important questions. Let’s focus on a few responses from the FSCA: What happens if the FSP/ key […]
CPD – The rationale for the extension
The deadline for meeting the CPD requirement was extended from 31 May 2019 to 31 July 2019. Does this mean that the next CPD cycle will only commence on 1 August 2019? No, the CPD cycle was not extended. […]
CPD game plan not an optional extra – FSCA clarifies requirements
The last week of May 2019 will be remembered for three things by South Africans. Firstly the rush and urgency by FSPs, key individuals and representatives to ensure that they were compliant with […]
Finding Your Niche – Benefits of focused marketing
Having a niche market means that you’re targeting a specific section of your available clients. “A niche is more than just a target market, it’s about positioning yourself and your firm to attract […]
Sanlam Claim Statistics – Heart disease leading cause of death claims
According to the just-released claim statistics of Sanlam, cardiovascular disease was the leading cause of death claims. “This aligns to the Heart Foundation’s 2017 report, which identified that 18% of deaths in South […]
Financial reporting – Exemption for certain pension funds
The FSCA has just published PFA exemption notice no. 3 of 2019 that exempts certain funds from the requirements of sections 9a and 16 of the Pension Funds Act. What does the PFA […]
CPD – two month exemption to comply
Last week the FSCA published the Exemption from Continuous Professional Development Requirements, 2019 – No 2 of 2019 on its website. The purpose of the Exemption is to allow financial services providers, key individuals and representatives […]
Long Term Ombud Annual Report – Cases resolved in favour of complainants increased
“We received 11 768 written requests for assistance, including 5 978 chargeable complaints. In total, 3 367 cases were finalised, of which 31.5% were resolved wholly or partially in favour of complainants”, Judge […]
CPD 2018 cycle extended
The FSCA has published the following exemption on its website: The Exemption from Continuous Professional Development Requirements, 2019 – No 2 of 2019 The purpose of the Exemption is to allow financial services providers, key individuals […]
General Household Survey – Important pointers to understanding markets better
Service delivery, education, social security and household incomes – these are a few of the areas that the 2018 General Household Survey (GHS) by Statistics South Africa (Stats SA) from January to December […]
Considering doing a qualification? – Some guidelines on the Higher Certificate in Wealth Management
With qualifications being a definite “must” for advisors in most categories, it is important to know which one is the right choice. The FSCA recently released FAIS Notice 36 of 2019, providing updated […]
Internet access – Survey reveals South African connectivity statistics
Communication plays an important role in the fundamental operation of a society. It links people and businesses, facilitating communication and the flow of ideas and information and coordinating economic activities and development. The […]
COFI Bill – Aims to strengthen regulation customer treatment and general market conduct
The Conduct of Financial Institutions Bill (COFI) intends to regulate how the financial services industry treats its customers. The Bill was published by the Minister of Finance in December 2018 and was open for […]
Financial education – Customers need to be put at the heart of your business
Financial education champions from around the world gathered in Cape Town last week for the FSCA-OECD Conference. The conference aimed to find innovative ways to prepare financial customers for current and future changes […]
