From 1 March, new frameworks will impose expanded due diligence and information-exchange obligations on exchanges, custodians and banks.
Since the introduction of Prescribed Medical Benefits (PMBs) in 2004, definitions, inclusions, cost and reviews, have raised concerns. PMBs were well intentioned – make sure members have cover for emergencies and big events. […]
As one is wont to do these days, I was almost more interested to see who the referee is for Saturday’s big match between New Zealand and South Africa, than what the teams […]
Our RE Department receives many enquiries from third parties, like compliance officers, for information about candidates. In line with the Promotion of Access to Information Act (PAIA), and the FSB’s mandate to examination […]
FAIS Newsletter 17 contains details of the outcome of this special compliance audit to investigate the link between the payment of sign-on bonuses and the replacing of products as a result thereof. The […]
We are aware of at least one product provider who offers upfront discounted fees, plus further payments in years 6 and 11 of the plan. Whilst this option contains a number of positive […]
The introduction of tax-free savings accounts on 1 March this year was a positive step from National Treasury. Effectively the government has put its money where its mouth is with regards to encouraging […]
Burundi’s presidential election has been postponed by five days, and the first round will now be held on Tuesday, July 21. Authorities thus want to look as though they are meeting international diplomats […]
The absolute necessity to ensure that you take into account the qualifying criteria when preparing for the regulatory exams was highlighted in a recent comment from a candidate: Whilst the feedback and information […]
It is not only in rugby that we see different standards being applied by those tasked with applying the rules. The recent banning of an adviser in Australia, compared to some recent appeals […]
The Australian side for Saturday’s clash against South Africa certainly looks dangerous – on paper, at least. A backline comprising Israel Folau, Adam Ashley-Cooper, Tevita Kuridrani, Matt Giteau, Rob Horne, Quade Cooper and […]
This is the second in a series of articles on savings, published in July, National Savings Month. An article by Rick Briers-Danks, certified financial planner at Veritas Wealth, highlights the need to instil […]
On 18 June, an article titled More debarments end up in court reported on two representatives who turned to the courts after being debarred by their former employer. In an urgent application in […]
MoneyMarketing recently reported that 50 members of the Actuarial Society of South Africa (ASSA) agreed to assist the FSB with the assessment of the feedback received on the proposals contained in the Retail […]
Violence in Ghardaia is a symptom of Algeria’s stagnant polity, but also shows up a dangerous, exploitable fault line. The most recent violence between Mozabite (Berber) and Arab communities, who belong to different […]
Life is one amazing experience. Clichéd as it may sound, we are all taken on a journey that is beyond our wildest imaginations, peppered with twists and turns and many highs and lows. […]
The initial idea was for the Level II REs to focus more on product knowledge, with CPD kicking in afterwards to ensure you stay up to date with developments in your chosen fields of […]
A very important recent judgment clarifies the issue of what a client has to disclose after effecting insurance. The Mercury reports as follows: “Two years ago Pietermaritzburg High Court Judge, Piet Koen, ruled […]
