Size does Matter
This is the only logical conclusion I could come to when I saw the Springbok team selected for the test against the International side on Saturday. One cannot fault the pack, including the […]
Legal precedent set as Odendaal’s assets forfeited in Steinhoff fraud battle
The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.
Read moreRetail Distribution Review: Activity-based Remuneration
We commented on this very relevant topic last week. More detailed information has since come to hand. We will use this over the next few weeks to discuss what will possibly be contained […]
Fraudulent Medical claims amount to billions
Legalbrief Today reported on a statement by Discovery Health’s CEO, Dr Jonathan Broomberg, that fraud in the medical schemes industry is estimated to cost SA between R8.22bn and R43.2bn. One of the latest […]
O Captain my Captain
It appears a foregone conclusion in the media that Victor Matfield will lead the Springboks until the return of Jean de Villiers. I am in agreement with this, but to disqualify Bismarck du […]
Zimbabwe – Economic policy may be emerging from the quagmire, but…
Zimbabwe’s decision to review its controversial indigenisation policy could stimulate the economy and change the fortunes of the country. So far, all we have is words, but we also have some real sense […]
June 30 Deadline
All those who are required to successfully complete the level 1 Regulatory Examinations by the end of June should note that the final dates for registration are: • Permanent Centres: 13 June • […]
TCF in your practice
The FSB published guides for small FSPs and asset managers on the practical impact of treating customers fairly (TCF) on their businesses. The harsh reality of TCF is, of course, that you could […]
Simplified Advice
It has long been my contention that, unlike the socks I buy at Woollies, there are few products which can satisfy clients’ needs with a “one-size-fits-all” approach, particularly in the financial services industry. […]
Welcome Breather Ahead
Thank goodness this is the final Super Rugby round for a few weeks. I was about to declare myself injured after all these matches which started more than three months ago. The break […]
Proposed Exemption from New Legislation
Alan Holton, an independent compliance practitioner and associate of Moonstone, recently shared the following information regarding amendments to the Financial Services Laws General Amendment Act of 2013. Financial Services Board Act 1990 and […]
FSB Outlook for the next 2 years
Improved customer service and fair advisor remuneration will be key features of the new financial services landscape. Jonathan Dixon, Deputy Executive Officer of the Financial Services Board’s Insurance Division, made some interesting comments […]
Bok team taking shape
They say that, in golf, every shot pleases someone – either the player, or his opponent. The bad news about the incumbent Bok captain probably solves a quandary for the coach while at […]
Nigeria – Boko Haram strikes in Jos
Yet another presumed Boko Haram terror attack took place on Tuesday, May 20, killing at least 188 people in Jos. The attack took the form of a double car bomb attack at Terminus […]
Medical Schemes Brokers Fee Increase
The Minister of Health has determined that the current capped maximum fee of R69 plus VAT will increase to R71,07 plus VAT with effect from 1 February 2014. This increase of 3% should […]
TCF and Causal Event Charges
The Pension Fund Adjudicator (PFA) recently ruled on an investor’s complaint regarding the excessive causal event charges. The PFA found in favour of the product house, but was rather scathing in her comments […]
New duties imposed on trustees by the amendments to the Pension Funds Act
The Financial Services Amendment Act came into effect on 28 February 2014 and amends the Pensions Funds Act (“the Act”). It introduces an assortment of new duties and responsibilities for pension fund trustees. […]
