FSCA licenses most crypto provider applicants – as enforcement tightens
The rising number of investigations and inspections underline a shift from registration to active supervision.
RDR Feedback from the FSB
At the Discovery Financial Planning Summit, held on 19 May 2015, Mr Jonathan Dixon of the FSB shared his views on some of the feedback received from the industry on the Retail Distribution Review proposals. […]
Super 15 Minefield
I read an interesting article in the New Zealand Herald on possible outcomes based on the log as it currently stands: The closer the Super Rugby playoffs get, the more obvious it becomes […]
Tax Lectures on Video
Softbyte Computers, a SAIT accredited supplier of CPD goods, kindly offered our readers free access to a series of video lectures on personal tax. Tony de Wijn points out that these lectures are […]
RDR Update 19 May 2015
At the recent Discovery Financial Planning Summit, the FSB gave feedback on some of the responses it received to the discussion document on the Retail Distribution Review. It also provided possible timelines for […]
Sanlam BENCHMARK Survey
by Patrick Cairns The latest Sanlam BENCHMARK Survey, which takes stock of the behaviour of members of South African pension funds, is full of scary statistics. What is perhaps even scarier is that […]
Diezani cartel's last cash-out in Nigeria
Four days before a change of government, oil marketers negotiated an $800m payout from the federal government. In the afternoon of Monday, May 25, the Independent Petroleum Marketers Association of Nigeria agreed to […]
Postponement Rules
Have you ever been in a situation where a client gave you a hard time because you followed the rules laid down by a product provider? We had something similar happen this week. […]
Enforcement Committee Action
The Enforcement Committee of the Financial Services Board recently took action in response to a referral of Nestlife Assurance Corporation Limited for contravening section 7(3) of the Financial Advisory and Intermediary Services Act, […]
Unregulated Schemes
In a media release, issued on 27 May 2015, Caroline da Silva, the Deputy Executive Officer for FAIS at the FSB warns the public against conducting business with schemes before verifying whether it […]
Education and Values
Professionalisation is a core thrust of all the changes envisaged in the financial services industry – from the introduction of FAIS to all current and future objectives. What role will obtaining credits, a […]
Super 15 Review
Gavin Rich makes an interesting observation in an article on Supersport this morning. The Crusaders, Rebels, Lions and Bulls all still have an outside chance of making the playoffs, but have to win […]
Short-term Ombud Annual Report
This publication reveals some interesting statistics: The total number of complaints received amounted to 10 253, an increase of 9.5% over the previous year. Complaints unresolved after six months totalled only 54 at […]
Proposed Qualification for Trustees
Subsection (3) of Section 7C of the Pension Funds Act prescribes that, within a period of six months after a person becoming a board member, he or she must have, or acquire, certain […]
Client Acquisition Costs
There appears to be a perception in some circles that a financial adviser sits in his plush office, while clients queue up outside, waiting for their turn to make use of his invaluable […]
Egypt’s Moursi sentenced to death
Former president Mohammed Moursi, cleric Yusuf Al-Qaradawi, and 104 other people have been sentenced to death. Among the others condemned on Saturday, May 16, were Mohamed Badie, the Supreme Guide of the Muslim […]
