FAIS Act under Threat?
An extremely important court case, which could have severe implications for the FAIS Act, is currently under way in Pretoria. At stake is the FAIS Ombud’s jurisdiction to make determinations about investments in […]
Apex court clarifies timing of dependency test for death benefit payouts
The Constitutional Court rules that whether someone qualifies as a dependant must be determined as at the date of a retirement fund member’s death, not when the fund decides how to distribute the benefit.
NewGold Exchange Traded Fund (ETF)
Mike Brown, Managing Director, etfSA.co.za The NewGold ETF (GLD) issued by Absa Capital, is the most successful South African ETF measured by size. First listed on the JSE in November 2004, it now […]
You be the Judge II
This article in Thursday’s Moonstone Monitor elicited the biggest response in years. Many readers shared their views, and no doubt, their preparation for the regulatory exams was very evident. Thanks for all your […]
The gifted Horse
A group of Grade 3, 4 and 5 pupils, accompanied by two female teachers, went on a field trip to the Greyville Racecourse, to learn about thoroughbred race horses and the supporting industry, […]
You be the Judge
I received the following enquiry from a reader. It reflects a common problem which many FSPs experience when having to determine whether a person is merely providing administrative assistance, or actually giving advice, […]
Survey Assistance
ASISA’s Medical & Underwriting Standing Committee (MUSC) have requested our assistance in a survey of intermediaries on Standardised Critical Illness Definitions (SCIDEP). This applies to all advisors involved in life assurance. It aims […]
Reactions to article ''A matter of principle'''
Concerned Trainer writes It is encouraging to see representatives are questioning the legality of their actions, but should they not know this if they have passed the RE Level 1 exam? During the […]
Communicating with the Regulator
Callers to our offices sometimes express frustration trying to communicate with the FSB, and end up using us as a source of information. We obviously regard this as a major compliment, and try […]
Driving home the advantage
Bobby Londt reports: After the epic lesson given at The Oval, the cricketing world keenly awaited the next round of this mini world championship. The second tests starts today at Headingley in Leeds. I […]
Bumble in the Jungle
One can throw stones, make excuses or simply swear or cheer, but the fact remains that the Sharks simply peaked at the right time, while the Stormers did not, on Saturday. Watching the […]
Paddy the Painter
A painter by the name of Paddy Murphy, while not a brilliant scholar, was a gifted portrait artist. Over a short number of years, his fame grew and soon people from all over […]
Let the Master Beware
Is a bank liable when an employee gives misleading investment advice? A recent finding by the FSB’s Appeal Board indicates that this could in fact be the case. Space does not allow us […]
New Spot for RE Roundup
From Thursday onwards, we will move this section of the newsletter to a new slot. We strive to keep our articles fresh and newsworthy, and we would hate to be seen to underestimate […]
Harsher Measures for Non-Compliance
While this heading may initially raise a collective sigh of exasperation, those who operate within the law should actually heave a sigh of relief. At the FSB’s annual Conference in Cape Town yesterday, […]
Latest Statistics Encouraging
Earlier this week, there was a discussion on the regulatory exams on Radio Sonder Grense where a broker André, from Cape Town, said that, as far as he knows, the pass rate is […]
Back to the Future
Bobby Londt reports: Proteas re-writing history The 1st test win was described as one of the most significant wins for the Proteas since re-admission. Reasons may be down to the way it was […]
Just a wee bit…
Big Jimmy, an extraordinarily handsome man decided he had the responsibility to marry the perfect woman so they could produce beautiful children beyond compare. With that as his mission he began searching for […]
