Ten Best Caddie Remarks
Golfer: “I’d move heaven and earth to break 100 on this course.” Caddie: “Try heaven, you’ve already moved most of the earth.” Golfer: “Do you think my game is improving?” Caddie: “Yes, you […]
Author: Paul Kruger
How the process to make withdrawals from the savings ‘pot’ will work
Retirement fund members must ensure their fund has their correct details and they are registered as a taxpayer with SARS.
Read moreAdvice Gap Broadens in the UK
It is difficult to understand how the UK Regulator managed to misinterpret the possible reaction to its implementation of Fees for Commission. A report in the Telegraph comments on a survey conducted by […]
Moonstone RDR Workshops
The Retail Distribution Review will have a huge impact on the way business is conducted in all sectors of the financial services industry. We expect two reactions to the proposals: those who dig […]
Update on Sign-on Bonuses
The swift reaction by the FSB to finalise this matter needs to be commended, particularly if one takes into account that the process, which was announced on 1 September, included consultation with the industry. […]
One-sided Sevens Tournament
Keeping the All Blacks scoreless in the semi-finals, and then rubbing the Aussie noses in the turf at Dubai, must come as close to rugby heaven as one could wish for. The Blitsbokke […]
Conflicting Accounts Regarding Cambist
According to Moneyweb, some firms with close ties to Cambist are experiencing problems. A month ago, OneLaw indicated that it would be offering voluntary severance packages to staff who wanted to leave. Earlier […]
2014 Compliance Report Workshop
FSPs not obliged to appoint a compliance officer need to submit their 2014 Compliance Reports by the end of February 2015. We invite all those affected to pre-book their seats at this popular annual […]
Appeal Court Judgment on J Arthur Brown
The successful appeal by the State against the judgment by the High Court against J Arthur Brown certainly makes for interesting reading. The judgment found that the Western Cape High Court erred in […]
Regulatory Exam update
Registrations for exams in 2014 closed on 28 November. Those who wish to register for next year must please contact our offices before 20 December 2014. Moonstone reopens on 5 January 2015, and the first exams […]
Moonstone RDR Workshops
The Retail Distribution Review will have a huge impact on the way business is conducted in all sectors of the financial services industry. We expect two reactions to the proposals: those who dig […]
Causal Event Charges and the RDR
A vast number of interpretive articles were published on the retail distribution review discussion paper since its publication. Unfortunately, a number of these added to the confusion, rather than provide clarity on this […]
Springboks Slip Sliding Away
While reflecting on Saturday’s match between the Springboks and Wales, a Paul Simon song kept popping up in my head: “You know the nearer your destination, the more you’re slip sliding away.” Perhaps […]
The new Level 2 REs?
The provision of generic and product-specific training will become an important obligation for product providers under the RDR. In the discussion of these obligations, the following paragraph provides a possible clue on how […]
Product Suppliers to come to the Party
The Retail Distribution Review expresses a popular view held by long-suffering financial advisors: “The current regulatory framework gives rise to imbalances in the responsibility of product suppliers and intermediaries for fair customer outcomes, […]
Proposed Adviser Models under RDR
The information below is a brief synopsis of the proposals contained in the RDR proposals in order to better understand the article below. A comprehensive outline of the various roles is contained in […]
