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.
Does Financial Advice add Value?
Andy Capp was one of my favourite cartoon characters. One day, as they are strolling home, Andy appears to be particularly dejected. When Florrie asks him what is wrong, he responds that he […]
Sharemax Direkteure doen aansoek om Appél
Die Siegrist uitspraak van die FAIS Ombud gaan betwis word. In hierdie opspraakwekkende beslissing is 4 direkteure van Sharemax Beleggings aanspreeklik gehou vir die verliese wat beleggers gelei het in die Villa en […]
Why Accurate RE Stats are hard to come by
The media carried several articles, amongst others, on how many licences have been suspended. In correspondence with the FSB last week, several reasons for difficulty with drawing accurate statistics were highlighted. The means […]
Practical implications of Licence Suspension
We obtained a copy of a “Notification of Suspension of Authorisation” sent to an FSP who failed to write the level 1 regulatory examination by 30 June 2012. The FSP in question failed […]
“F” is for FAIL
Dankie Vader vir die Vrystaat. Die naasgunstelingspan van byna elke rugby ondersteuner in die land, benewens die Cheetahs se eie ondersteuners, het die naweek op die regte noot afgeskop deur vas te byt […]
The student who obtained 0% for an exam – how he did it
Question 1 In which battle did Napoleon die? *His last battle Question 2 Where was the Declaration of Independence signed? *At the bottom of the page Question 3 River Ravi flows in which […]
FSB Licencing made Easy
The second part of the DVD of the FSB telematic broadcast of 7 March covered the following topics: Profile changes: Contact details Add/amend.remove Representatives Directors/members.shareholder details Approval/removal of Key Individuals Online Submissions: […]
Practical Compliance Advice
The telematic broadcast on 7 March provided factual information about FAIS related matters, with a good smattering of practical advice from the two guests. The first session of the presentation, by Charene Nortier, […]
RE Statistics Updated
Various media reports on the regulatory examinations saw the light recently. A document in this regard also appeared on the FSB website yesterday. It states that the pass rate is now 88%, presumably […]
Churning out Commission
In a number of determinations over the past few years, the FAIS Ombud ruled against FSPs who did not follow the laid down procedures, prescribed in the FAIS Act, when replacing existing business. […]
A War on Four Fronts
Cheetahs vs Waratahs The bigger threat for the Cheetahs tomorrow will not be their opponents, but over confidence after their stunning performance last week against the Highlanders. While some of the other teams […]
Meanwhile back at the Bell Tower
Quasimodo goes to a doctor for his annual check up. “I think something is wrong with your back,” the doctor says. “What makes you say that?” Quasimodo asks. “I don’t know,” the doctor […]
Approved Qualifications and the Level 2 REs
Please can you help me with something regarding Board Notice 135, which contains the list of approved qualifications? In the Board Notice, the letters S & G appear under respective sub categories. What […]
New Licence Category
The March edition of the Bowman Gilfillan Financial Services Newsflash contains an article entitled Extension of Certain Exemptions Granted under the Financial Advisory and Intermediary Services Act, 2002 (FAIS). We reprint the article […]
FSB Overview of Remuneration and Intermediary Services
Last week we discussed what we believe to be an ”over-focus” on commission in better safeguarding investors in the financial services industry. This week we look at feedback from the FSB on input […]
What a Wonder Weekend
I hummed this adaptation of the Louis Armstrong hit to myself as I drifted into a peaceful sleep last night. Bulls Played the Blues Must admit I enjoy reading the NZ newspapers the […]
