Miss-Selling Allegation Countered
The Lewis Group indicated that it will refund a total of R69 million in premiums and interest to pensioners and self-employed customers who were sold policies for loss of employment, which would, of course, […]
Author: Paul Kruger
SARS pays back R10bn, but some taxpayers’ refunds are being withheld
Taxpayers should inform SARS if they have been unemployed for a full year or longer, to avoid being flagged as non-compliant.
Read moreIs there still a place for endowments? – Patrick Cairns
For many younger investors and IFAs, the idea of endowment policies seems a little old fashioned. These were vehicles that our grandparents used before collective investment schemes effectively democratised investing. Their reputation was […]
Financial Sector Regulation Bill Update
Legalbrief Policy Watch reports that the Financial Sector Regulation Bill is expected to be tabled in Parliament later this month. The report also states: “Several references in the briefing document to a ‘Market […]
Summertime and the levies ain’t easy
I am sure that many readers will sing along with this version of the old George and Ira Gershwin classic. The 2015 levy invoices will be mailed by 30 September 2015 and will […]
Time Barring on FAIS Ombud Complaints
A recent appeal tested whether the FAIS Ombud was correct in finding that the appellant’s complaint was time-barred in terms of section 27 of the FAIS Act. The appellant lodged a complaint, claiming […]
Moonstone Training Extended
We are proud to introduce a major new player in the financial services training field. After the acquisition of PSG Academy earlier this year, Moonstone merged its existing training offering, Moonstone Intellectual Capital, […]
To trust, or not to trust?
Professor Willie van der Westhuizen, a renowned expert on the matter of trusts, recently published an informative article on the future of trusts after the publication of the First Interim Report on Estate […]
Mental Conditioning
An important part of preparing to write the regulatory examinations, concerns your mental approach. In an interview with Moneyweb, Paddy Upton, the mental conditioning coach of the Proteas had the following to say: […]
Reality Check on Household Items
A broker is not expected to assist a client in determining the value of household items. Providing guidelines, however, will count in your favour should a dispute arise. In May 2015, the Short-term […]
Unaudited Financial Statements
We posed some follow-up questions to the FSB on the contents of FAIS Notices 81 and 82 of 2015 and include their response below: Are eligible FSPs, wanting to make use of the […]
Health Insurance Policies and Medical Schemes
News of the imminent release of low cover medical schemes could well return the focus to the unnecessary intervention in something that works very well. Background The First Draft Demarcation Regulations, released in […]
Try, No try?
Two major controversial incidents (the uncontested scrums and McCaw’s try) in last week’s heart breaking defeat against the All Blacks keeps being regurgitated in media reports. I find the views of Jonathan Kaplan […]
The Ernst & Young Financial Services Confidence Index
The survey for the second quarter of 2015 reflects the unweighted average confidence of four segments of financial services, namely: Retail banking Investment banking Asset management and Life insurance The EY Financial Sector […]
FAIS Notices 81 and 82 of 2015
In response to a number of enquiries, we provide some clarification on the content of these important notices. We encourage you to read this in conjunction with the actual documents which are linked […]
Structured products still offer offshore opportunities even with a weak rand
Investing abroad can be complex for South Africans. Though exchange controls were relaxed over the past few years, for the most part investing overseas requires investors to have deep pockets and a crystal […]
