Wales to the Rescue?
Warren Gatland, the Welsh coach who is also in charge of the B & I Lions, put a cat amongst the pigeons when he announced that two thirds of his starting line-up would […]
Life insurers top R5 trillion as growth masks rising risk pressures
Strong market performance lifts assets to record highs, but lapses and protection gaps persist beneath the surface.
What TCF is NOT
When does Treating Customers Fairly (TCF) become a reality? In the original planning, January 2014 was indicated as the planned date for implementing legislative changes envisaged in the regulatory framework. If this is […]
Information Letter 3 of 2013 on Binders Regulations
This document from the FSB provides: Guidance on activities that constitute binder functions, Guidance on activities that are incidental to binder functions. Remuneration payable as a binder fee. Some important points: Inclusion of […]
Professionele Vrywaring en Jou Regte
Ons moes nogal kopkrap oor wat “Professional Indemnity” in Afrikaans is. Bogenoemde is volgens die regsmense en taalkundiges die korrekte term, hoewel professionele indemniteit skynbaar ook korrek is. Dit mag so wees, maar […]
Enforcement Committee Fines
We received two media releases from the FSB this week. In the first, The Lawyers Voice (Pty) Limited (“Lawyers Voice”) marketed and sold three different insurance policies which were not underwritten by a […]
Industry Origins
In deference of your history of expressions or words in a recent Monitor, the following refers to the noun “brokers”. Part one Many, many years ago in a gilded coffee bar in the […]
Fee for Service in Australia
Due to new laws, the Australian Financial Advisory Industry is in a severe state of turmoil. Known as FOFA (Future of Financial Advice), this legislation was passed by the Australian parliament in March […]
New Appointments at FSB
The Minister of Finance approved the following appointments, as recommended by the FSB: Ms Caroline da Silva as Deputy Executive Officer for Financial Advisory and Intermediaries Services, replacing Mr Gerry Anderson, Deputy Executive […]
2013 – 2014 Tax Season Opens
When I lived on the West Coast, the first day of the crayfish season was a joyous occasion. Somehow, I do not share the same elation when I read about the opening of […]
Reversal of Fortunes
The reality of test rugby was very evident on Saturday when Australia sneaked from behind to level the series against the B & I Lions. How ironic that a missed kick, at the […]
RE Results and Certificates
We receive numerous requests on a daily basis for copies of results, or RE1 and RE 5 certificates from candidates who mislaid theirs. You can download this from our website in your own […]
Compliance Considerations
Today, farming is possibly the only industry with a sharper rise in input costs than that of the independent financial advisor. For quite a while now, this important sector of the financial services […]
Proposed Ban on Sale of Used Car Parts
Yet another example of fools rushing in where angels fear to tread was reported in an article in the Weekend Argus. Legalbrief reports as follows: An amendment to the National Road Traffic Management […]
Retirement Reform Update
The Minister of Finance met the CEOs of service providers in the retirement fund industry on Thursday, 20 June 2013 to discuss the 2012 and 2013 Budget Retirement Reform proposals. The primary objective […]
Wimbledon Wipe-out
First Nadal went, then Sharapova, now Federer. The people running the show must be very grateful that their tickets for next week are already sold. The two gentlemen, Rafa in particular, are the […]
Court in the Act
These are from a book called Disorder in the American Courts and are things people actually said in court, word for word, taken down and published by court reporters that had the torment […]
In Search of the Lost Key
Several days ago, as I left a meeting at a hotel, I desperately gave myself a personal “total body search” pat down. I was looking for my keys. They were not in my […]
