Costs order against FSCA for ‘irregular and unlawful’ debarment

The Authority should have conducted its own investigation and not relied solely on information provided by the insurer, the Tribunal says.

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Healthcare Guidelines

The recent document updating the Medical Schemes Council policies and guidelines contained two items which may be of interest to readers. Orphan Client Allocation “…when a member has been admitted to a scheme […]

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RE Update: FSB Grants Exemption

The Regulator published the following explanatory note on Board Notice 65 of 2013, which was in the Government Gazette on Tuesday. It concerns an exemption granted to applicants who applied for an exemption […]

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A lesson or two from Noah

                        Noah’s Ark: Everything I need to know, I learned from Noah’s Ark. ONE: Don’t miss the boat. TWO: Remember that we […]

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FAIS Ombud Discontinues Case Fees

The following announcement was published on the home page of the FAIS Ombud: In terms of the Financial Advisory and Intermediary Services Act, read with Rule 9(a) of the Rules of Proceedings of […]

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Are we on our way to the Colosseum?

One should be wary of getting stuck in the “good old days”. Today is tomorrow’s good old days, after all. When I mentioned to my colleague Bobby, that John Plumtree currently sits with […]

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Why Regulation is Unavoidable

Quite often, people in the industry question the need for regulation. They look at the issue from their own perspective, and the fact that their clients have never complained about them. Unfortunately, it […]

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NAIFA No Longer

The National Association of Independent Financial Advisers (NAIFA) was terminated in February, according to an article in the Financial Mail. According to its website, “NAIFA was established in South Africa late in 2010 […]

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Inseta Broker Network Update

The Inseta Broker Network provides free membership. Its aim is to assist brokers, and their support staff, with training related matters. I must admit that “eduspeak” often confuses me no end. Hopefully this […]

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Bulls & Cheetahs win away from home

The much anticipated clash between the Sharks and the Cheetahs produced the expected result, based on recent form. The score was exactly the same as in the earlier encounter in Bloemfontein. The significant […]

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Outcome of Treasury and SAIA Discussions

We gave substantial exposure to the Jerrier case over the past few weeks. Last week, in a joint media statement, Treasury and SAIA provided details of measures agreed on, to enhance insurance disclosures […]

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Must I wait for the FSB?

A number of readers approached us regarding the consequences of not passing the level 1 REs by the required date. Many are of the opinion that they can carry on as usual until […]

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Sharks under Pressure & Luke Watson returns

Sharks v Cheetahs at Kings Park, Durban, Saturday 17:05 Will the Cheetahs let another opportunity slip? This is the big question for this fixture. The Sharks are seriously under strain as the underperformance […]

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