The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
FSCA’s FAIS Notice 86 of 2018, the Exemption of services under supervision, came into effect on 1 February 2019, except for certain conditions, like the supervision agreement that was delayed until 1 March 2019. Supervision agreement It […]
– Focus shifts to restoring credibility Today’s media is filled with an array of comments and analysis of the Budget Speech of yesterday. According to Carla Rossouw, tax manager at Allan Gray, the […]
– Latest research shows international trends The latest Digital 2019 report shows that worldwide people are spending an average of 6 hours and 42 minutes online each day. Half of that is spent on mobile […]
– Latest research shows international trends The latest Digital 2019 report shows that worldwide people are spending an average of 6 hours and 42 minutes online each day. Half of that is spent on mobile […]
“The customer is always right” – a slogan that encourages especially service staff to give a high priority to customer satisfaction. In today’s testing economic times, and yesterday’s budget speech is testimony to […]
Please remember that your Bi-Annual Compliance Report for the compliance period ended 31 December 2018 is due by 28 February 2019. If you have not yet filed your report, you only have 11 days to do so. […]
The local Collective Investment Schemes (CIS) industry attracted net inflows of R93.5 billion in 2018, ending the year with assets under management of R2.24 trillion. The annual CIS industry statistics for 2018 was released by […]
The local Collective Investment Schemes (CIS) industry attracted net inflows of R93.5 billion in 2018, ending the year with assets under management of R2.24 trillion. The annual CIS industry statistics for 2018 was released by […]
Funeral claim declined as life covered not recognised as family member A recent Long Term Insurance Ombudsman determination involved equity, fairness as well the spirit of Ubuntu. Background The complainant had taken out […]
The purpose of the POPI Act is to ensure all South African institutions conduct themselves in a responsible manner when collecting, processing, storing and sharing another entity’s personal information by holding them accountable […]
The FSCA recently announced the following executive appointments with effect from 1 February 2019: Ms Felicity Mabaso has been appointed as the Divisional Executive for licensing and the business centre. Mr Brandon Topham joins the […]
According to Board Notice 194 of 2017, the Fit and Proper BN, FSPs and juristic representatives have to be financially sound in order to be able to deliver a quality service to clients. […]
The National Credit Regulator (NCR) has recently warned consumers against fake credit providers offering loan scams. “These scams typically target those who are in distressed financial circumstances and looking for a loan, using […]
The Council for Medical Schemes (CMS) will be hosting an advanced training programme workshop for accredited healthcare brokers in the Gauteng Province. Participants are requested to register on-line and submit proof of payment […]
Last year was a challenging year for investors, with US equity and government bond markets both returning less than cash. While there is no guarantee of better performance in 2019, identifying the underlying […]
“I am authorised for Long-term Insurance sub-category B1, B2 and C as well as a Participative Interest in Collective Investment Schemes. What are the minimum CPD hours I have to obtain?” This question, […]
According to Marina Grindle, FMG Suite’s Content Marketing Specialist, technology adoption has become a sink or swim situation for financial advisors. “Innovations are shaking up many of the traditional areas of financial management […]
