New Debarment Notification Document
FAIS Circular 7, issued by the FSB this week, contains details of a new debarment notification document which comes into effect tomorrow, 1 November 2013. The background to this new form was discussed […]
Two-pot’s billion-rand bill: future fund members could carry the cost
The FSCA finds wildly inconsistent withdrawal charges under the two-pot retirement system, with some members paying up to R750 per transaction.
Europe here we come
Now that I have almost managed to digest the overdose of humble pie I was fed over the weekend, it is time to look forward to bigger things – the end-of-year tour by […]
Perfectly Planned and Executed
Western Province 19 – Sharks 33 An article in my local paper titled, “That is why WP lost” may well have read: “Why the Sharks won.” It lists the following 5 factors: Poor […]
RE and CPD Update
The information below is taken directly from FAIS Information Circular 8/2013. Level 1 REs “The FSB decided to commence with a review of the Level 1 examinations. The review will mainly focus on […]
FSB Media Release on Sharemax
“The Financial Services Board (FSB) commented on a circular dated 6 August 2013, issued by Frontier Asset Management to debenture holders and shareholders who have acquired their rights in terms of Schemes of […]
DRC – Government seeks larger stake in mining boom
The government of the Democratic Republic of the Congo (DRC) is seeking to increase revenue from the expansion of its mining industry. The government plans to raise its free stake in new mining projects […]
FAIS Ombud Determinations to get worse?
Blue The FSB telematics broadcast on 28 August 2013 was intended for independent financial advisors and covered a wide range of topics, including one simply titled: FAIS Ombud Determinations. The introduction states that […]
Cape of Storms
It is a bit much expecting me to believe that the Sharks, with a possible starting line-up containing eleven Springboks, are the underdogs. There were more attempts at trying to shirk the mantle […]
Outsurance Article Response
The following posting, by a member of the public, was recently placed on our website in response to an article we published a few months ago: What a pity I didn’t see this […]
TCF Update
The Treating Customers Fairly Roadmap provides some guidance to the planned roll out of this initiative, with enforcement indicated as starting in January 2014. The fact that it has its own unique little […]
Cream Rises to the Top
On the Supersport website, Gavin Rich writes the following scene set for Saturday’s final: The Absa Currie Cup has seen a definite step-up from 2012, and now it is set for a fitting […]
Enforcement Committee Sanctions
We recently approached the FSB for clarity on how, and by whom, the quantum of an Enforcement Committee penalty is determined, and what options respondents, who elect not to enter into a settlement […]
FSB in the Box
I came across a most interesting document on the FSB website. Allan Greenblo, Editorial Director of Today’s Trustee, conducted an interview with Mr Dube Tshidi (pictured above), executive officer of the FSB. One […]
Africa and the ICC
The recent special summit of the African Union (AU) marked a turning point in Africa’s relations with the International Criminal Court (ICC). At the summit, which was held in the context of the […]
Second Last Hurdle
The Currie Cup is not nearly as important on the rugby front as it was in days gone by, but it retains interest for many of us for whom it was the only […]
Positive News from PFA
The Pension Fund Adjudicator published her annual report last week. It contains some very positive indicators, as well as concerns for the industry, and the public. In the message from the Minister of […]
Risk Management Plans
Section 11 of the General Code deals with the control measures required: “A provider must at all times have and effectively employ the resources, procedures and appropriate technological systems that can reasonably be […]
