How much time do you spend online?
– 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 […]
RABS revival enters final stretch as criticism over RAF reforms grows
The government says work on reviving the RABS Bill is nearing completion, even as critics warn the reforms could worsen the RAF’s financial crisis.
How much time do you spend online?
– 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 […]
Non-disclosure of material terms – Costly omission by FSP
“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 […]
Category II and IIA FSPs – Deadline for Bi-Annual Compliance Report looming
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. […]
Annual CIS stats – Industry shoulders tough markets and attracts net inflow of R93.5 bn
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 […]
Annual CIS stats – Industry shoulders tough markets and attracts net inflow of R93.5 bn
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 […]
LT Ombud rules on fairness – Decision similar to controversial Momentum case
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 […]
POPI and social media
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 […]
FSCA – New appointments announced
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 […]
Financial soundness deadline looming – FSPs with juristic reps, please take note
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. […]
NCR warns against loan scam – National Credit Regulator issues public warning
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 […]
Advanced training workshop – Council for Medical Schemes training for accredited brokers
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 […]
Investments 2019 – What will influence markets in the year ahead?
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 […]
Continuous Professional Development – Are your hours adding up?
“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, […]
Technology Adoption for Financial Advisors – Sink or swim, Jannie
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 […]
Festive Season Road crash stats – Human factors biggest cause
According to preliminary figures, road accidents recorded in the recent festive season total 1 286, regrettably and unfortunately resulting in 1 612 fatalities nationwide. These statistics were recently announced by the Minister of Transport, Dr […]
Exemptions from making deadlines – The why, what and how
The FAIS Act and other legislation prescribe a number of requirements that individuals who provide financial advice must adhere to. Throughout your career you are reminded of these deadlines. The successful completion of […]
