Paraprosdokians wordplays
A paraprosdokian is a figure of speech in which the latter part of a sentence or phrase is surprising or unexpected in a way that causes the reader or listener to re-frame or […]
Viceroy | FSCA wants the power to serve foreign operators digitally
The Authority invites interested parties to participate in High Court proceedings that will decide whether it may impose penalties on foreign individuals without physically serving documents in South Africa.
Explanatory Note on Board Notice 65 of 2013
We received the document below in the form of a media release on 24 April 2013. It appears that a substantial number of people applied for an extension of the final date to […]
Super 15 Week Twelve
This public holiday in the middle of the week really messed up my biological clock. When I woke up this morning, going to work was the last thing on my mind. Then, when […]
The Men’s Club
A group of chaps, all aged 40, discussed where they should meet for lunch. Finally it was agreed that they would meet at the Ocean View restaurant because the waitresses there were gorgeous, […]
Industry News Summary
Readers who, like us, find value in the monthly summary of industry events published by InsuranceGateway can click here for a copy of the April summary. The very topical issue of “underwriting at […]
Temporary Disability Offers New Opportunity
FMI, an income protection specialist company, retained True South Actuaries and Consultants to investigate the market for disability cover in South Africa and report on such efficiencies and inefficiencies as are found. Their […]
Date of First Appointment Enquiry
I have been working in an insurance department in August 2010 until November 2011 then worked in a non-insurance department from December 2011 until June 2012. In July 2012 I have been working […]
RE Exemption Applications
The FSB announced that candidates who applied for an exemption afforded under Board Notice 65 of 2013 will be allowed to continue doing business until such time as the result of their application […]
A Sweet and Sour Weekend
On Friday, the Stormers reverted to their tried and tested approach in grinding out a two point win against the Hurricanes. How ironic that their winning margin was thanks to the never-say-die spirit […]
How to Apply for an Exemption
The Procedure to apply for an exemption/extension is as follows: The application must be addressed to The Registrar: Financial Services Providers. The applicant is required to write a letter explaining what efforts were […]
Healthcare Guidelines
The recent document updating the Medical Schemes Council policies and guidelines contained two items which may be of interest to readers. Orphan Client Allocation “…when a member has been admitted to a scheme […]
RE Update: FSB Grants Exemption
The Regulator published the following explanatory note on Board Notice 65 of 2013, which was in the Government Gazette on Tuesday. It concerns an exemption granted to applicants who applied for an exemption […]
A lesson or two from Noah
Noah’s Ark: Everything I need to know, I learned from Noah’s Ark. ONE: Don’t miss the boat. TWO: Remember that we […]
FAIS Ombud Discontinues Case Fees
The following announcement was published on the home page of the FAIS Ombud: In terms of the Financial Advisory and Intermediary Services Act, read with Rule 9(a) of the Rules of Proceedings of […]
Are we on our way to the Colosseum?
One should be wary of getting stuck in the “good old days”. Today is tomorrow’s good old days, after all. When I mentioned to my colleague Bobby, that John Plumtree currently sits with […]
Is it the end of the world as we knew it, my friend?
It seems there are two schools of thought about the future of the financial services industry. The End of the Innocence Last month, an interesting article titled “Adieu independent advice”, sub-titled “Heading for […]
