Proposed Adviser Models under RDR
The information below is a brief synopsis of the proposals contained in the RDR proposals in order to better understand the article below. A comprehensive outline of the various roles is contained in […]
COFI Bill approved for submission to Parliament
Omnibus AML/CFT Bill also gets the nod for tabling.
A costly Oversight
A recent determination by the Ombud highlights a number of important issues when it comes to an advisor’s obligations towards clients. The complainant enjoyed comprehensive cover with Zurich Insurance. On 8 April 2013, he requested […]
Cricket mourns Phil Hughes
The cricket fraternity is almost inconsolable as it mourns the death of the very talented Phil Hughes after he was hit by a bouncer in a Sheffield game in Australia 2 days ago. […]
Funding Window for Skills Programmes 2014
Applications for funding assistance from Inseta close this Wednesday, 26 November 2014. Interested parties requiring more information or assistance must urgently contact Albert Marais or Ronel Nell at Moonstone 021 883 8000. 1. Skills […]
Equivalence of reward to be reviewed
The Retail Distribution Review (RDR) sees unequal benefits accruing to certain distribution channels as a problem requiring change. The current Regulations applicable to the Long-term Insurance Act provide that the Registrar may determine […]
Churning and RDR
In the good old days, the Pete Seeger song “Turn, turn, turn” was banned from being aired on the radio because it contained phrases from the Bible. Many honest advisors have, for a […]
Was Suid-Afrika regtig so sleg?
As mens nie geweet het wat die eindtelling was nie, sou jy sweer die Bokke het Saterdag verloor teen Italië, aldus die media. Die eerste ding wat my opgeval het, is hoe groot […]
South Africa – The Mad Hatter Parliament
It remains to be seen how long Deputy President Cyril Ramaphosa’s deal with opposition parties to restore the dignity of Parliament will last. While the chaotic scenes of Thursday, November 13, were certainly […]
Final dates for level 1 REs in 2014
Final dates for level 1 REs in 2014 Permanent Centres: 15 December 2014 (registration closes 28 November) Moonstone reopens on 5 January 2015, and the first exams will be available as follows: Permanent Centres: […]
Tax Free Savings and Investments
The required draft Notice and Regulations to allow the introduction of tax free savings accounts from 1 March 2015 was published by the National Treasury on 14 November 2014. The closing date for responses is 3 December 2014. The […]
Prioritising RDR Proposals
The FSB proposes to implement the RDR proposals in three broad phases: Phase 1: Changes to be effected within the existing regulatory framework, using existing subordinate legislative and administrative powers. These changes will […]
Ombud Settlement Cases
The FAIS Ombud’s annual report contains a list of trends picked up during the course of the year. The golden thread which runs through all of these, concerns insufficient disclosure across all sectors […]
Italy no Walk-over
Padova, where the Springboks play Italy over the weekend is apparently a beautiful city, boasting the largest square in Europe, the Prato della Valle. Hopefully, the South Africans will not approach the match […]
South Africa – Smoke and mirrors hide power agendas in Cosatu’s faltering house of cards
The role of the African National Congress (ANC) in the labour movement’s disintegration remains something of a mystery. While it is not clear what role the ruling party and the South African Communist […]
Financial Planning under RDR
Contrary to what many appear to think, the Retail Distribution Review is not about abolishing commission and forcing brokers to negotiate fees directly with clients. It is in fact a far wider process […]
Priority RDR Proposals
The FSB proposes to implement the RDR proposals in three broad phases: Phase 1: Changes to be effected within the existing regulatory framework, using existing subordinate legislative and administrative powers. These changes will […]
Bok Barometer
One gets a more balanced perspective on your team’s performance when you see what the opposition has to say. We copied the comments in the UK Telegraph, and inserted Sunday’s rating by Rapport […]
