Draft Directive on Causal Event Charges
A document from the Registrar of Long-term Insurance was published in June and calls for comments by 31 July 2013. The request for input on the Directive follows in the wake of determinations […]
Brokers look to digital tools to reclaim time for client engagement
Two-thirds of brokers say they want plain-language breakdowns of extensions and exclusions, according to the 2025 Santam Insurance Barometer.
Fees for Service – ASISA Views
In response to our article of 25 June regarding the CoreData Research survey on Fees for Service, ASISA commented as follows: ASISA’s understanding of the pending Retail Distribution Review is that changes are […]
FSB Workshops in July and August
There are 4 workshops in July, three of which are held at the FSB offices in Pretoria. The only telematic broadcast in July takes place tomorrow (9th of July). The target audience is […]
Rampant Lions Seal Series
Watching the final game of this closely fought series, I finally worked out how the Lions clothing works. Scotland and Ireland combine to make op the socks, England contribute the white shorts, and […]
Wales to the Rescue?
Warren Gatland, the Welsh coach who is also in charge of the B & I Lions, put a cat amongst the pigeons when he announced that two thirds of his starting line-up would […]
What TCF is NOT
When does Treating Customers Fairly (TCF) become a reality? In the original planning, January 2014 was indicated as the planned date for implementing legislative changes envisaged in the regulatory framework. If this is […]
Information Letter 3 of 2013 on Binders Regulations
This document from the FSB provides: Guidance on activities that constitute binder functions, Guidance on activities that are incidental to binder functions. Remuneration payable as a binder fee. Some important points: Inclusion of […]
Professionele Vrywaring en Jou Regte
Ons moes nogal kopkrap oor wat “Professional Indemnity” in Afrikaans is. Bogenoemde is volgens die regsmense en taalkundiges die korrekte term, hoewel professionele indemniteit skynbaar ook korrek is. Dit mag so wees, maar […]
Enforcement Committee Fines
We received two media releases from the FSB this week. In the first, The Lawyers Voice (Pty) Limited (“Lawyers Voice”) marketed and sold three different insurance policies which were not underwritten by a […]
Industry Origins
In deference of your history of expressions or words in a recent Monitor, the following refers to the noun “brokers”. Part one Many, many years ago in a gilded coffee bar in the […]
Fee for Service in Australia
Due to new laws, the Australian Financial Advisory Industry is in a severe state of turmoil. Known as FOFA (Future of Financial Advice), this legislation was passed by the Australian parliament in March […]
New Appointments at FSB
The Minister of Finance approved the following appointments, as recommended by the FSB: Ms Caroline da Silva as Deputy Executive Officer for Financial Advisory and Intermediaries Services, replacing Mr Gerry Anderson, Deputy Executive […]
2013 – 2014 Tax Season Opens
When I lived on the West Coast, the first day of the crayfish season was a joyous occasion. Somehow, I do not share the same elation when I read about the opening of […]
Reversal of Fortunes
The reality of test rugby was very evident on Saturday when Australia sneaked from behind to level the series against the B & I Lions. How ironic that a missed kick, at the […]
RE Results and Certificates
We receive numerous requests on a daily basis for copies of results, or RE1 and RE 5 certificates from candidates who mislaid theirs. You can download this from our website in your own […]
Compliance Considerations
Today, farming is possibly the only industry with a sharper rise in input costs than that of the independent financial advisor. For quite a while now, this important sector of the financial services […]
Proposed Ban on Sale of Used Car Parts
Yet another example of fools rushing in where angels fear to tread was reported in an article in the Weekend Argus. Legalbrief reports as follows: An amendment to the National Road Traffic Management […]
