More on Tax Free savings
Fees in respect of tax free investment The list of definitions states: A “fee” includes a management fee, administration fee or any similar charge; The regulations stipulate that “any fee charged in respect […]
Banxso licence withdrawal – FST dismisses reconsideration bid
The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
Tax Free Savings Approved
The final Notice and Regulations that allow for the introduction of Tax Free Savings and Investment Accounts (“TFSAs”) with effect from 1 March 2015 were approved by the Minister of Finance, according to a media […]
Obasanjo quits Nigeria’s PDP; CBN closes forex window
Shortly after global rating agency Standard & Poor’s (S&P) placed its credit rating for Nigeria on a negative outlook, the country’s politics and economics took further knocks. Former president Olusegun Obasanjo announced that […]
Results and Certificates
We receive numerous requests on a daily basis for copies of results, or RE 1 and RE 5 certificates from candidates who mislaid theirs. You can download this from our website in your own time, […]
CPD Update
We often receive enquiries from readers about their obligations in terms of continuous professional development. As often stated in the past, only those who are members of a professional body who requires its […]
Emolument Attachment Orders in the Dock
The court case, in which 13 credit providers and the law firm that facilitated the EAOs are involved, is drawing wide interest in the media. It sets out to determine, amongst other issues, […]
The Future of Market Conduct Regulation
In a recent article in Moneyweb Today, Patrick Bracher, a director of Norton Rose Fulbright is quoted as saying: “New financial advice regulation contained in the Retail Distribution Review (RDR) highlights the failure […]
Predictably Unpredictable Super Rugby
I know it sounds like sour grapes, but after seeing the results in our Superbru pool yesterday, I consoled myself, after only scoring two points, by saying that anyone who got more than […]
Moonstone Head Office Moving – Temporary Phone Line – 021-8807100
We have relocated to new premises in Technopark, Stellenbosch. We have taken all possible steps to avoid any communication breakdowns. Please bear with us if unexpected problems occur. Many thanks, Moonstone
Risk Profiling and Asset Allocation
The Botha Determination by the FAIS Ombud certainly touched on a sensitive area, never covered before in the same detail as in this case. The Ombud found that the clients suffered loss as […]
Comparing Apples with Peaches
The Retail Distribution Review is the fourth in a series of documents which aim to address unsatisfactory outcomes for contractual savers. The December 2004 National Treasury Discussion Paper on Retirement Fund Reform appeared shortly […]
Local and international condemnation as Nigeria postpones elections
Nigeria’s election dates have been postponed by six weeks. The presidential and Federal National Assembly elections, which had been scheduled for Saturday, February 14, will now take place on March 28, and the […]
Ombud View on Risk Analysis and Asset allocation
The latest FAIS Ombud determination should be regarded as compulsory reading for intermediaries in the investment business. The investments occurred around the time of the world economy meltdown. The determination discusses the needs […]
Advice Practices in Demand in Australia
We regularly receive enquiries from readers who are considering selling their practices. One of the big problems is establishing a fair value. This is normally determined by the turnover of the business, and […]
Cutting Edge Regulatory Workshops
Cutting Edge Regulatory Workshops Anton Swanepoel’s popular, informative and practical Regulatory Workshops will be run again in March this year. There will be two presentations – one focussing on short-term intermediaries, and one […]
