Causal Event Charges Challenged – Part III
In search of the modern investments’ Holy Grail, better known as the calculation of causal event charges, we came across an interesting new perspective on the matter. A broker that I spoke to […]
COFI Bill approved for submission to Parliament
Omnibus AML/CFT Bill also gets the nod for tabling.
CMS Fees Increase
The Council for Medical Schemes published Circular 57 of 2016 containing details of a number of fees increases, some of which are: Application for registration of a medical scheme: R8 750.00 (Current Fee: R5 000.00) […]
Compliance Deadlines
All too often one sees a list of FSPs whose licences were suspended for failure to submit their compliance reports in time. Category I FSPs with a compliance officer are reminded to submit […]
Causal Event Charges Challenged – Part II
In Part I, we discussed the product provider’s response to a client’s questioning of how a causal event penalty of nearly R10 000 can accrue where there were no premium payments, commission, marketing or […]
SA Cricket on Transformation
The issue of transformation appears to attract more attention these days than the performance of our national sides, and cricket in particular. If we ignore the politicians for a moment, difficult as that […]
Bidvest Insurance Group Acquires FMI
Durban-based income protection specialist, FMI, today announced that it has been acquired by the Bidvest Insurance Group (BIG). FMI will become a division of Bidvest Life and, with the vision of being the […]
Causal Event Charges Challenged – Part I
We recently came across an example of just how loaded the dice are against clients wishing to effect section 14 transfers. When requesting a quote for such a transfer, the client was informed […]
National Credit Act Card Online
Moonstone Business School of Excellence offers the National Credit Act (NCA) Course for: Intermediaries in the Motor industry who are Finance and Insurance brokers (F&I). Industry providers of personal loans, HP agreements, credit […]
Buying a Business?
Financial advisers wishing to buy or sell businesses in South Africa are very much in the dark as to how to go about doing it, and very little support is available. Centurion Market […]
Women in the Financial Services Industry
In The Ascent of Money, Niall Ferguson tells the human story about the evolution of the world’s financial system, noting that “the ascent of money has been essential to the ascent of man.” […]
Hospital Cash Plans in Demand
In response to an enquiry from one of our compliance officers, we conducted research on information published on these products that appear to be problematic to government. Finmark Trust conducted two studies: In […]
POPI and the FSP – Part II
On Monday we discussed the rationale behind the Protection of Personal Information Act 4 of 2013 (“POPI” or “the Act”), some important definitions and the role of the information officer. This article deals […]
Cats or Canes?
The panel of New Zealand rugby experts in last night’s discussion on the final of the 2016 Super Rugby displayed a lot of respect for the Lions, but were unanimous in their view […]
Compliance Becomes a Boardroom Issue
This is the title of an article by Tyler Nunnally and Paul Resnik of Finametrica which was published in the June newsletter of the National Society of Professional Compliance. “Financial services firms face […]
PWC Economic Crime Survey 2016
We may have lost our top world rankings in a number of sports, but this survey shows that we are more than holding our own when it comes to economic crime. The study, […]
POPI and your FSP Part I
Despite a lot of early fanfare, little mention was recently made of this important piece of legislation which is bound to impact on each FSP. This overview is, by its nature, very brief […]
Objects in the rear view mirror
Those who know the Meatloaf song, knows that it continues: “…may appear closer than they are.” Enquiries to the FSB regarding the current state of the Retail Distribution Review indicated that draft regulations […]
