SA cyber attacks – Major spike causes concern
According to the AON 2019 Global Risk Management Survey, cyber-attacks and data breaches are expected to jump to the third-highest overall risk in 2022. Currently it is listed in the 6th position on […]
Behaviour outperforms income in financial well-being measure
The Franc Wealth Index finds that financial planning, emergency savings, and consistent investing are most closely associated with stronger financial outcomes.
FSCA Retirement Funds Supervision Division Workshop – Who should attend?
The FSCA’s Retirement Funds Supervision Division (RFSD) will be hosting an educational workshop that aims to provide guidance for trustees on certain key aspects of the Pension Funds Act, 1956 and the Financial […]
Brand Awareness Survey – Aims to improve CMS’ service levels
The Council of Medical Schemes (CMS) is conducting a survey for medical scheme members and beneficiaries to gauge the level of their awareness regarding the services offered by the CMS to members and […]
Current CPD cycle ends 31 May 2019 – 31 days to go
Have you done enough professional reading, attended conferences as well as courses and lectures to ensure that you have enough hours for CPD purposes? The reality is that there is little more than […]
Higher Certificate in Wealth Management (HCWM) – 10 reasons why you should enrol
The Higher Certificate in Wealth Management (HCWM) provides an ideal entry point into the financial services industry in various roles, or to kick-start your career in financial planning. The HCWM is recognised by […]
The FTSE/JSE All Share Index up over 8.5% – Is it sustainable?
The JSE has had a strong start to 2019 despite net foreign selling. What does that say about the sustainability of the gains? In a recent article on Moneyweb Patrick Cairns discusses the […]
Blame Storming – Latest FAIS Ombud Determination clarifies accountability for wrong advice
In 2017 the FAIS Ombud made a recommendation that a respondent pays R400 000 to a complainant. This outcome was the result of the breach of the General Code of Conduct, specifically in violation […]
Digital transformation – There is no excuse for businesses
Everyone wants to go digital. We know that digital is the future of everything. But which way do we go and what is standing in our way? In recent research studies by the […]
Digital transformation – There is no excuse for businesses
Everyone wants to go digital. We know that digital is the future of everything. But which way do we go and what is standing in our way? In recent research studies by the […]
The Higher Certificate in Wealth Management – A foundation qualification for financial advisors
Just entered the financial services industry? Mapping your financial planning career? Need to obtain a foundation level qualification for Fit and Proper requirements? Want to upskill yourself in an ever increasingly complicated field? […]
Credit card fraud – OBS provides insight into complaints
We recently reported on the Ombudsman for Banking Services’ (OBS) review of the first quarter of 2019 which reported on an alarming increase in credit card fraud. Read: Credit card fraud – Elderly […]
Retirement fund default regulations – Three steps in the right direction
On 1 March 2019, three new regulations on retirement savings came into effect. These default regulations impact three important areas of retirement saving: how a member’s contributions are invested while you are accumulating […]
Retirement fund default regulations – Three steps in the right direction
On 1 March 2019, three new regulations on retirement savings came into effect. These default regulations impact three important areas of retirement saving: how a member’s contributions are invested while you are accumulating […]
Latest research on life cover – Surprising outcomes
Life cover is generally perceived to be appropriate for married couples and family breadwinners. The direct marketing company, Olico, has however now found that the most common buyer of life assurance is not […]
Deductions from pension fund proceeds – Tribunal clarifies the “what and when”
When can an employer claim against an employee’s retirement fund? How is the deduction determined, and is it legal? Can a pay-out be delayed as a result of money owed to the employer? […]
What are reasonable precautions? – Ombud’s view provides guidance
In the current tough economic times, and as financial pressures increase, fraudulent claims are a major challenge to the short-term insurance industry. In order to address this, insurers rely more and more on […]
Fit & Proper qualification requirements
– Ensure appropriate qualification for the applicable financial product One of the frequent questions we receive around the new Fit and proper Determination (Board Notice 194 of 2017) is whether or not a […]
