Robo Advice in a nutshell
In South Africa, automation of financial advice is still relatively scarce, but very likely to surge in the next few years. In the USA, it already plays an important role in the investment […]
BHI Trust fallout widens as FSCA bans intermediary for 20 years
The FSCA’s latest action highlights the regulatory risks for individuals who may have been linked to the BHI Trust scheme.
Too Few Good Men?
The fate that befell former Finance Minister Pravin Gordhan and his deputy, Mcebisi Jonas, last Friday confounded most rational thinkers. The terse manner in which Gordhan was first recalled from the investor summit […]
10 Digital Trends to watch in 2017
Karlyne Zovitsky writes: It’s that time of the year again – where digital marketers ask ‘what’s next?’ and ‘what’s new’? What trends and tactics should we spend our marketing budget on? And without […]
Legislation Handbook and Preparation Guide for REs
The Legislation Handbook for Level 1 Regulatory Exams provides the legislation specified as relevant to the regulatory exams RE 1 and 5. The Preparation guide includes the qualifying criteria provided by the FSB for these […]
Lack of TCF seen as Aggravating Factor
The latest settlement agreement, between the Registrar and New National Assurance Company Limited, contains an interesting new slant to what we have become used to. The Registrar was of the opinion that the […]
Regulatory update on Short term matters
The FSB FAIS Conference earlier this month provided the latest thinking on a number of important aspects related to the short-term industry. Binders and outsourcing Leanne Jackson pointed out that a significant risk […]
Call for Caution on Regulatory Interventions
On 27th of March we published an extract from the ASISA Dispatches to give readers a perspective on the multitude of legislative changes currently underway in the financial services environment. On Tuesday, the Financial […]
SA expats unite against proposed tax changes
Kirsten Hastings, writing for International Adviser notes that Expats working overseas have formed a Facebook group to stay abreast of developments on Treasury’s investigation into possibly taxing them. South Africans working in countries […]
CIS STATISTICS FOR 2016
The annual local Collective Investment Schemes (CIS) industry statistics for 2016 were released in February. The statistics show that the industry enjoyed strong growth in 2016, attracting net inflows of R166 billion and pushing […]
Legislative Avalanche Warning
If you have just returned from a visit to Mars, you may want to take cognisance of some of the legislative changes that are currently taking place. It is a daunting task just […]
Technology and Disintermediation
A recent article in Insurance Gateway® titled Thematic considerations for the future of the insurance industry by Rahima Cassim, Fund Manager at Ashburton Investments, contains some interesting thoughts on where the industry is […]
Register for fake qualifications proposed
Dankie Frans Petrus Zeelie van Moonstone Business School of Excellence vir die aanstuur hiervan. Chantall Presence writes in Business Report that steps are being taken to name and shame holders of bogus qualifications. […]
Fees Due and Financial Soundness Calculation
Ken’s question Thank you for the article regarding financial soundness. Are fees/commissions due, but not yet received, construed as an asset? As you know, most institutions pay during the month following the receipt […]
FSB’s Core Focus for Transition to FSCA
Below is a summary of a recent article by Advocate Dube Tshidi, Executive Officer at the FSB, which was published in Insurance Gateway. When the FSB becomes the Financial Services Conduct Authority (FSCA), […]
Breathing space for Medical Insurers
Demarcation Regulations, published on 23 December 2016, determined that certain insurance policies that have elements of a business of a medical scheme shall be ‘health policies’, and ‘accident and health policies’ respectively. The ‘health policies’, […]
Compassion not an alternative to Compliance
The latest ruling by the Appeal Board reaffirms the fact that there really is no alternative, harsh as it may sound. The appellant appealed against the withdrawal of his licence by the Registrar. […]
Big data: What’s the big deal?
They say big data is here to stay and yet, globally, many organisations have no clue what it means or how to use it. Like confidence, big data can mean different things to […]
