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.
The International Monetary Fund (IMF) reported on June 23 that it has concluded annual Article IV consultations with Zimbabwe. The multilateral organisation indicated that Harare has expressed a commitment towards implementing the policies […]
Proposed amendments to the definition of a “business of a medical scheme” The publication of the Second Draft Demarcation Regulations follows the enactment of the Financial Services Laws General Amendment Act, No. 45 of […]
The FSB will take on added responsibilities once “Twin Peaks” is enacted, including regulating the banking industry. It is therefore interesting to note what happened in the UK since 1 April 2013, when the Financial […]
Handré Pollard’s inclusion as the Springbok pivot is undoubtedly the main talking point around the braai fire. Braam van Straaten reckons he has the potential to be the best ever fly half in […]
The huge spike in registrations of candidates for the final date of 30 June 2014 merely confirms the tendency to leave writing the REs to the last minute. It is almost as if some people […]
By a Whisker The biggest plus to come out of Saturday’s nail-biter is that the Springboks came back twice in one match from a hopeless situation and eventually managed to win by one […]
The practice of incentivising independent financial advisors (IFAs) to shift their investment and risk books is possibly the single biggest driver of churning, and is likely to be addressed as part of the […]
After a two-week delay, Malawi’s new president, Peter Mutharika, has finally named half of a proposed 20-member cabinet. In the process, the new president has raised a few eyebrows over his commitment to […]
Certain FSPs received a request from the FSB for additional information regarding their financial statements which, for most FSPs, are due by the end of this month. Category I FSPs who are registered […]
On Tuesday we discussed what happens when material changes occur in a client’s health between the time of applying for life cover and acceptance of the risk by the insurer. My colleague Julian […]
When the junior Springboks take on the pride of England, it will not be child’s play. There is some serious bulk on display in both sides. The big test will not be height […]
The latest newsletter from the Long-term Ombud contains two cases where claims were repudiated as a result of a health condition manifesting between the date of application and acceptance of the risk. Non-disclosure […]
A recent article in Moneyweb states that the validity of more than 85% of trusts on which legal audits have been conducted, can be questioned. Prof Willie van der Westhuizen, head of trust […]
While all SA rugby fans are justifiably ecstatic about the senior team’s performance against Wales, the junior Boks made me immensely proud on Sunday. Winning against a determined Baby Blacks side was wonderful, […]
The Namibia Statistics Agency (NSA) released its latest monthly Trade Statistics Bulletin on June 12. The NSA recorded a trade deficit of N$2.179bn for the month of April, reflecting a decrease of 46.8% […]
The updated Juta Pocket Statutes edition of the FAIS Act is now available. LexisNexis also updated their Legislation Handbook and Preparation Guide for the RE 1 and RE5 exams. Queries about the latter […]
There can be little doubt that there is a steady increase in the efficiency of this champion for the fair treatment of consumers. The figures listed below come directly from the Ombud’s report: […]
