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. […]
COFI Bill approved for submission to Parliament
Omnibus AML/CFT Bill also gets the nod for tabling.
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 […]
The Trust Dilemma – New date for facilitated training for CPD
The training, hosted by Stefan Lessing, will now be held in Pinelands, Cape Town on Thursday 11 July 2019. The purpose of the course is to equip delegates with all the necessary tools and skills […]
Insurer Claim Statistics 2018 – What data shows about claims
Last week, both Liberty and Momentum released their Claim Statistics for 2018. In 2018 Liberty paid claims to the value of R4.69 billion to 28,453 individuals and their beneficiaries. Momentum also paid out claims […]
Unclaimed policy benefits – ASISA members using tracing activities to honour claims
ASISA’s members united policyholders, beneficiaries, investors & heirs with unclaimed assets of R8.1bn last year. According to a recent ASISA news release, unclaimed assets of R17.1bn remain, but members will honour claims no […]
The post-retirement challenge – How to position your clients’ investments
by Patrick Cairns A man entering retirement can currently expect local insurance companies to offer starting annuities of roughly between R5 250 and R5 850 per month for every R1 million of capital he has. This […]
