The Prudential Authority has withdrawn its liquidation bid after progress on depositor repayments, but Ithala is still unlicensed and cannot resume deposit-taking.
The Information Regulator in SA published the final Protection of Personal Information (POPI) regulations on 14 December 2018. The purpose of the POPI Act is to ensure all South African institutions conduct themselves in a […]
The importance of an in-depth client financial needs analysis is once more highlighted in a FAIS Ombud investigation, ruling and settlement. A financial needs analysis should not just be a tick box exercise; […]
Regulatory changes have a huge impact on the content of the Regulatory Exams. The latest FSCA FAIS Notice that comes into effect on 1 February 2019 is no exception. Candidates need to take careful note […]
Financial Planner of the Year shares tips – Behavioural science leads to better returns In a recent Business Report article, Janet Hugo Financial Planner of the Year, shares how behavioural finance can be […]
PFA guidance notice no. 8 of 2018 – How to apply the default regulations by retirement funds As a result of several enquiries on the application of the Default Regulations by retirement funds, […]
ASISA statistics on fraudulent claims – Spike in dishonest death claims Although there was a decline in the number of irregular claims the value of the fraudulent and dishonest claims was almost the […]
In the December issue of MoneyMarketing, Jonti Osher and Dino Zuccollo, Section 12 fund managers of Westbrooke Alternative Asset Management give an overview of the current Section 12J market. Section 12J was introduced […]
New regulations which cover default investment portfolios, default preservation and annuity strategies were recently introduced. In an Asset TV Masterclass, a panel of experts discuss annuity solutions, retirement benefit counselling and regulation 39. […]
Trustees grappling with post-retirement risks According to a recent Moneyweb article, very few retirement funds have implemented default strategies ahead of the March 1, 2019 deadline. According to Barend le Grange, head of individual member […]
A closer look at the background to non-disclosures The “Momentum debacle”, as it became known in the media, has certainly drawn a lot of public and media comment and interest. Many a commentator […]
LegalBrief recently shared a Techspot article that reported that while most of the jobs that get displaced by computers require little or no education, even highly-educated positions could be replaced by automation: “A […]
With the annual festive season around the corner and the formalities of year end functions and holiday travel that’s about to start it’s a good time to chat about precautionary measures with our […]
A recent study showed unique insights into how incentives drive sustained behaviour change. According to the results of a ground-breaking new health behaviour study by RAND Europe, a leading independent research institute, financial […]
“Critics will do anything to stop NHI Bill, says Health Ministry” “Call to stop ‘substantively amended’ NHI Bill” “Party to seek legal advice on NHI rush job” These headlines are just a few […]
Hobson’s Choice – The growing intersection between human rights and business stemming from the Momentum case Momentum’s initial refusal to pay out Mr Nathan Ganas’ life insurance policy to his widow (due to […]
The Financial Sector Conduct Authority (FSCA) has released a draft conduct standard proposing new maximum drawdown rates determined by age band and gender for default annuities or monthly pensions offered by funds. The […]
A guaranteed income for life and leaving money for children and grandchildren are the most important needs for South Africans when reaching retirement. This is according to Just Retirement Insights, independent research commissioned […]
