In Circular 48, the CMS signals tougher enforcement against exempted insurers, warning that non-compliant branding and failure to notify regulators will attract decisive action.
Events surrounding the controversial Security Laws (Amendment) Bill led to the temporary suspension of a sitting of Parliament on Thursday, December 18. The session was a special one for which members of Parliament […]
Moonstone RDR Workshops The proposals contained in the Retail Distribution Review discussion paper envisages some of the most drastic changes to the retail financial services industry since the implementation of FAIS. The 55 […]
The FSB’s Information Letter 4 of 2014 discusses changes to the tax deductibility of income protection policies in view of changes announced in the Taxation Laws Amendment Act which became effective on 12 December 2013. […]
More clarity on what constitutes causal event charges emerged from a recent Pension Fund Adjudicator determination after the complainant submitted that the deductions were “…exorbitant and do not comply with the principles of […]
It has been a long and winding political road for Justice Minister Emmerson ‘The Crocodile’ Mnangagwa. But he now stands on the brink of succeeding President Robert Mugabe, following his naming as first […]
A recent determination by the FAIS Ombud ruled that the broker be held accountable for the loss incurred by the client, following a mistake by the product provider which the broker failed to […]
FSPs not obliged to appoint a compliance officer need to submit their 2014 Compliance Reports by the end of February 2015. We invite all those affected to pre-book their seats at this popular annual […]
The FSB’s views of the current landscape of the industry are contained in Section 2 of the retail distribution review discussion document, and are broken up in sector specific sections. Binder agreements and […]
Golfer: “I’d move heaven and earth to break 100 on this course.” Caddie: “Try heaven, you’ve already moved most of the earth.” Golfer: “Do you think my game is improving?” Caddie: “Yes, you […]
It is difficult to understand how the UK Regulator managed to misinterpret the possible reaction to its implementation of Fees for Commission. A report in the Telegraph comments on a survey conducted by […]
The Retail Distribution Review will have a huge impact on the way business is conducted in all sectors of the financial services industry. We expect two reactions to the proposals: those who dig […]
The swift reaction by the FSB to finalise this matter needs to be commended, particularly if one takes into account that the process, which was announced on 1 September, included consultation with the industry. […]
Keeping the All Blacks scoreless in the semi-finals, and then rubbing the Aussie noses in the turf at Dubai, must come as close to rugby heaven as one could wish for. The Blitsbokke […]
Integration efforts within the East African Community (EAC) received a significant boost at the end of November when the World Bank pledged to provide support for infrastructure investment across the region. The multilateral […]
According to Moneyweb, some firms with close ties to Cambist are experiencing problems. A month ago, OneLaw indicated that it would be offering voluntary severance packages to staff who wanted to leave. Earlier […]
FSPs not obliged to appoint a compliance officer need to submit their 2014 Compliance Reports by the end of February 2015. We invite all those affected to pre-book their seats at this popular annual […]
