UPDATED | Minister gives notice of COFI’s ‘introduction’ in National Assembly
Treasury takes the next step in financial sector reform.
The Cost of Fixing Product Provider Problems
Your article on remuneration for different services made a lot of sense to me, and certainly deserves further discussion. As the IFA gets squeezed from all sides [extra work, less income & increased […]
Dissecting the Numbers
The figures published in the Retail Distribution Review discussion document provide a very clear picture of the current make-up of the industry in terms of market segmentation of advisors. In the past it […]
Libya's security situation, lower oil production, and impact on regional FDI
The security trend in Libya remains negative since the General National Congress (GNC), which is based in Tripoli and contests power with the Tobruk-based House of Representatives, announced on January 21, that it […]
RE Update – Pretoria Centre
Please note that no examinations will be scheduled for the period 16-03-2015 up to 10-04-2015 at Pretoria Brooklyn Bank Forum Examination Centre. We are upgrading the facility to provide a wider range of […]
Audio Recording of Advice
I found a short article published in the Australian “ifa” online newsletter very interesting. The JBS Financial Strategists boss and 2013 AFA Adviser of the Year (Jenny Brown) told ifa that she originally […]
Lead Generator Fined R250 000
The Registrar of Financial Services Providers (the Registrar) referred a case against Talksure Trading (Pty) Limited (the Respondent) to the Enforcement Committee of the Financial Services Board. The referral relates to a contravention […]
Who should pay the Piper?
While there is clarity on the existing remuneration system, which is essentially commission driven, proposals under the Retail Distribution Review aim to differentiate between various kinds of services, and establish fair remuneration for […]
The World Cup Awaits
Bobby Londt The Proteas finished off in fine style last night by decimating the West Indies in a display of brute force with the bat, along with a well-executed plan on the field […]
Regulatory Exam Update
The dreaded DOFA (Date of First Appointment) deadline is looming for all those people appointed between 30 June and 31 December 2012, and who have not yet successfully completed their Level 1 Regulatory examinations. You have until […]
Comment on “Material terms and Conditions”
In response to an article: “Disclosure of Material Terms” we published last week, a reader responded as follows: Dear Paul, No broker can possibly explain every single clause in a multi-page legal contract […]
Consolidation of Legislation
The Draft Market Conduct Framework, published in December last year, identified the diversity of legislation regulating different sectors of the industry as one cause for the Regulator’s inability to supervise effectively across the […]
The cost of war in East Africa
The leaders of the two sides in South Sudan’s civil war signed a potentially important deal on Wednesday, January 21. The agreement was signed in Arusha, Tanzania (so it is being called the […]
Daily RE Questions
1 What exam must I write? Both the RE5 and RE1 are Level One exams. RE5 is for Representatives and RE1 for Key Individuals. The RE3 exam is for licence category II candidates. […]
Reinstatement of Debarred Representatives
We receive enquiries on a daily basis from (often disgruntled) representatives who wish to re-enter the industry by applying to have their debarment lifted. Unfortunately, as a representative, you cannot apply to have […]
Improving Internal Complaints Mechanisms
The “Draft Market Conduct Framework”, published in December, is certainly a goldmine in terms of trying to gauge what the future holds for the industry. The information published below is extracted from it. […]
Will the Proteas Bloom at the World Cup?
Bobby Londt With any project or task, success depends heavily on preparation. The Proteas have done all they could to be as best prepared for the World Cup coming up in Australia come […]
