Debarment under the Loop
A recent finding in a high court case in Port Elizabeth, serves as a timely reminder to Key Individuals and Compliance Officers to be very circumspect when debarring a representative. A representative, who […]
Banxso licence withdrawal – FST dismisses reconsideration bid
The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
Seta Levies under the Microscope
It appears that it is not only schools that have educational problems. The Sectoral Education and Training Authorities (Setas) still have their fair share of troubles. New Seta grant regulations came into effect […]
Make up your mind
I was in my back yard trying to launch a kite. I threw the kite up in the air, the wind would catch it for a few seconds, then it would come crashing […]
Quo Vadis, Training?
The Financial Intermediaries Association (FIA) raised a number of issues in a recent article, published in FAnews. These concerns include: The introduction of a Super Regulator Measures to provide the Regulator with indemnity […]
Too much Heaven
Bogenoemde titel van ‘n Bee Gees liedjie som vir my die huidige (amper) oor-aanbod van sport op. Dit wil voorkom of al die belangrikste sportgebeure in die een maand wat Engeland somer beleef, […]
Wealth Management Certification
Moonstone Training August Moonstone will run a three day training session in Cape Town on 27, 28 and 29 August. This module forms part of the SAQA approved “Further Education and Training Certificate […]
RE Deadline for new entrants
Below the response received from the FSB regarding the above. Board Notice 106 of 2008 section 6(f) states that representatives have two years from date of first appointment to complete their level one […]
Momentum Lost
A lot of talk before the past weekend’s Super 15 matches concerned how those teams who are relatively assured of a place in the final would do their best to maintain their winning […]
Not Entirely True
Not Entirely True Bob, a 70 year old, extremely wealthy widower, shows up at the Country Club with a breathtakingly beautiful and very appealing 25 year-old blonde who knocks everyone’s socks off with […]
Managing the practice’s biggest cost: Staff
Staff costs in the advisory practice are usually the largest expense by far. Remuneration for sales, base monthly salaries, admin staff, retirement and medical fund contributions all add up. Even for the single […]
Charges in Retirement Provision
On 11 July, the National Treasury released the last paper in a series of five technical discussion papers on promoting household savings and reforming the retirement industry. The first four were: Enabling a […]
Binder and Outsourcing Agreements – the Next Chapter
Following a further consultative process, the FSB issued Information Letter 3 of 2013 on the 1st of July. This document is of major importance to all binder holders, as well as holders of […]
Bye bye Brian
Before we look at the weekend’s sport, I feel the need to say a word or two about Bryan Habana who plays his last game for the Stormers tomorrow. His record breaking fifty […]
Honesty is the best policy
Police are called to an apartment and find a woman holding a bloody 5 iron standing over a lifeless man. The detective asks, “Ma’am, is that your husband?” “Yes” says the woman. “Did […]
Outsurance Advert in the Spotlight
Beeld recently published an article on the Outsurance advert which offers clients all their premiums back after 15 years. It certainly makes interesting reading, and raises a few points which I am sure […]
FSB Presentation: Non-Financial Services FSPs
Non-Financial Services FSPs – 9 July 2013 Agenda: Opening – Charene Nortier – FSB Overview of the FSB – Michelle Naidoo – FSB Juristic Representatives – Alan Holton – Compliance Monitoring Systems CC […]
Third Party Disclosures to SARS
We came across this article in the June edition of the Logista newsletter. The 2011 Tax Administration Act indicated that SARS would be looking to third parties, such as banks, medical aids etc, […]
