Costs order against FSCA for ‘irregular and unlawful’ debarment

The Authority should have conducted its own investigation and not relied solely on information provided by the insurer, the Tribunal says.

Read more

ASISA Standard on Effective Annual Cost

The ASISA Board approved the implementation of the ASISA Standard on Effective Annual Cost (EAC) in August 2015. The EAC comprises four separate components into which various charges are allocated. Investment Management Charge The […]

Read More

The psychology of investing in volatile times

Market volatility is something we are all accustomed to, but recent events have made investors more jittery than usual. China’s ‘Black Monday’ wiped hundreds of billions off the world’s financial markets last month […]

Read More

Kan Munisipaliteit jou kragtoevoer afsny?

Hierdie artikel word gepubliseer met die goedgunstige toestemming van Van der Spuy en Vennote. Die munisipaliteit het my in kennis gestel dat hulle my elektrisiteitvoorsiening gaan afsny omdat daar uitstaande betalings ten opsigte […]

Read More

PAIA Manual Online

We recently advised readers of an extremely good offer (R199 only) to get their Promotion of Access to Information manuals in place. Unless we see yet another extension, the deadline is 31 December 2015. Even […]

Read More

New Perspectives on RDR proposals

During the recent SAIFM conference, the FSB provided input on its views on feedback received from the industry to the 55 proposals contained in the discussion document. There was general support for the […]

Read More

Here We Go

This weekend sees the last of the pool matches, although most of the results will be important for statistical purposes only, apart from the Australia/Wales and France/Ireland matches. From a realistic perspective, the […]

Read More

More Unintended Consequences?

Laura du Preez wrote in Personal Finance on 12 September 2015: Providers of primary healthcare plans that may soon be disallowed say that low cost benefit medical scheme options will not cater for people using […]

Read More

Moonstone Protector Compliance Service

The dilemma facing financial services practices who are not obliged to appoint a compliance officer were highlighted recently by a rather frantic call from a one-person FSP after being informed by the FSB […]

Read More

A Pre-emptive Market Conduct Regulator

A presentation by the FSB at the second SAIFM Regulatory Conference covered some very interesting agenda points Mention is made of four shortcomings of the current regulatory approach: It is said to be […]

Read More

What’s in a Name?

Misleading advertising will receive a lot of attention in future regulation. A recent media release by the Council for Medical Schemes provides a timely warning to us to make sure that we do […]

Read More

Cost of FICA amendment on Compliance

Legalbrief Today reported as follows on an article in Business Day: Institutions have cited the prospect of a spike in the cost of compliance as a major issue that might arise from proposed […]

Read More

Fate Happens

Life is fickle and unpredictable. This statement is born out again by a recent Ombud determination concerning the switching of life cover from one assurer to another. The clients, both husband and wife, […]

Read More

Oh Flower of Scotland

Click here for some background music while you read this. Much as I love Scotland and its people, I pray fervently that the answer to the question “When will we see your likes […]

Read More

President Lungu’s State of the Nation address

President Edgar Lungu delivered the state of the nation address on Friday, September 18. The president stressed the need for economic diversification and to alleviate power capacity constraints via focused government infrastructural spending […]

Read More

A Bull on your Bonnet?

Having just spent ten days travelling extensively in Namibia, I am acutely aware of the dangers of running into animals. There are even warning signs against wart hogs, which I thought would not […]

Read More