The proposed reforms could require significant operational changes for insurers, but industry experts believe they address only part of the problem.
A vast number of interpretive articles were published on the retail distribution review discussion paper since its publication. Unfortunately, a number of these added to the confusion, rather than provide clarity on this […]
Mujuru’s axing opens door for Mnangagwa as Zimbabwe’s next president Vice President Joice Mujuru has been axed, as expected. Apparently not wishing to leave her and her supporters’ fate to any chance, party […]
While reflecting on Saturday’s match between the Springboks and Wales, a Paul Simon song kept popping up in my head: “You know the nearer your destination, the more you’re slip sliding away.” Perhaps […]
The provision of generic and product-specific training will become an important obligation for product providers under the RDR. In the discussion of these obligations, the following paragraph provides a possible clue on how […]
The Retail Distribution Review expresses a popular view held by long-suffering financial advisors: “The current regulatory framework gives rise to imbalances in the responsibility of product suppliers and intermediaries for fair customer outcomes, […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 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: […]
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 […]
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 […]
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 […]
