Funeral insurance Bill moves to Parliament, but questions persist
The proposed reforms could require significant operational changes for insurers, but industry experts believe they address only part of the problem.
Where does FAIS find itself?
Amongst others, the objective of the FAIS Act and subordinate legislation may undoubtedly be summarised as the professionalisation of the financial services industry as well as the protection of financial services consumers. As […]
FSB letters cause some anxiety
The FSB sent letters to individuals regarding their RE status. Concerned readers contacted us to clarify their positions when they were told that they had not yet registered. Please bear in mind that […]
Final figures will reveal the facts
With the final date for registration behind us, the industry may soon have a clearer picture of the potential fall-out as a result of people not having written the regulatory exams. Figures released […]
Hearing aid
In a Tottenham church Sunday morning a preacher said: “Anyone with ‘special needs’ who wants to be prayed over, please come forward to the front by the altar.” With that, Leroy got in […]
Exemption from Submission of Audited Financial Statements
Readers may recall that certain categories of FSPs were allowed to apply for exemption from the obligation to submit audited financial statements. The deadline for such applications was 31 May 2012. Bronwen Allan, […]
What happens after 30 June 2012?
The industry appears to be anxiously waiting for an answer to this question from the FSB. There are certainly guidelines about what can happen, but will the circumstances call for a new approach? […]
Exemption from 30 June Deadline
FAIS Information Circular 9 of 2012 was published on 11 June to provide greater clarification on Board Notice 102 of 2012. The latter document contains details of certain categories of candidates who are […]
The Road to Hell…
Heyneke Meyer kept his word by sticking to last week’s team as much as possible. The inclusion of two Bulls will no doubt lead to a moan or two down south, but both […]
Female Demerit System
In the world of romance, one single rule applies: Make the woman happy. Do something she likes and you get points. Do something she dislikes and points are subtracted. You don’t get any […]
FSB Workshops for 2012
Registration for the FSB workshops opened at 09h00 today. Most of these will be telematic broadcasts, similar to those held last year. We were asked to assist with the distribution of DVDs for […]
FSB Levies for 2012/2013
The FSB announced the levies payable for 2012/2013 in Board Notice 101 of 2012 last week. My colleague, Paull Lawrence, updated his levy calculator with the latest data. This can be used to […]
Blood on the tracks
My favourite author, Ian Rankin (of Inspector John Rebus fame), named many of his books after song titles of the Rolling Stones. I copy him this week by using the title of one […]
Exemption from writing level 1 RE before 30 June
The FSB published Board Notice 102 of 2012 last week providing an extension to certain licence category FSPs. Our compliance division provided the following synopsis: This board notice provides for an exemption for […]
TODAY is Registration D-Day
TODAY is the last day to register, should you wish to write before the end of June. There are 3 easy ways to register: Online: click here Telephonically: 021-888 9796 Fax: download and […]
Springbok Team: What the Past Coaches Think
The Springbok match 22 has been selected to face England in the first test in Durban on Saturday. Here’s a list of the 22, along with comments made by some past Springbok coaches. […]
FSB and Ombud levies announced
The proposed increase in levies is between 8% and 10%. The announcement from the FSB, prior to it being gazetted, also contains guidelines for those who intend leaving the industry. My colleague, Paull […]
