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.

Twilight at Twickenham

Both sides are desperate to win, and we can expect a tough, gruelling confrontation up front, while the English backs are likely to try and use their speed out wide. The Boks will […]

Claiming Reading Points for Continuous Professional Development

After the FSB announced the indefinite postponement of the Level 2 Regulatory Examinations and with it the adherence to Continuous Professional Development, a large portion of the industry is relieved that they “don’t have […]

Complaints Management Part 3

Last week, we discussed the first two specific findings on the effectiveness of complaints handling systems and the need for root cause analysis and corrective action stemming from this. Today, we share details […]

Retail Distribution Review Discussion Paper

While the general expectation is that this document’s sole intention is to replace commission with fees, it is far more encompassing than that. We publish below some of the aspects contained in the […]

End of Year Tours Overview

One very clear message emerged after the feast of rugby we enjoyed over the weekend – the Northern hemisphere teams are no longer the pushovers they were in the past. They were always […]

PoPI is not a Flower – Part 2

As we pointed out last week, PoPI is yet another brick in the wall being built to safeguard the privacy of the public. Today we look at some important definitions. Purpose of POPI […]

Direct Marketers and Aggregators

Steven W writes: It seems that direct marketers of insurance, and those who actually meet with the public, have dissimilar disclosure requirements, with the direct marketers having considerably less of an obligation than […]

Obtaining a Full Qualification

I obtained 31 credits in 2009 and now want to study further towards a full qualification. Please advise how I should go about this? People who were in the industry prior to 2010 […]

Personal Service Provider Tax Status

It is that time of year when a very annoying, yet compulsory, questionnaire is being circulated. SARS needs confirmation about your personal service provider status, and each product house that you have contracted […]

Final dates for level 1 REs in 2014

Permanent Centres: 15 December 2014 (registration closes 28 November) Satellite Venues: 04 December 2014 (registration closes 17 November) Moonstone reopens on 5 January 2015, and the first exams will be available as follows: Permanent Centres: […]

Meyer Plays Safe

The Springbok coach certainly took no chances when selecting his side for Saturday’s opening match against Ireland. In the backline, the only possible surprise, if experience was the main criteria, is the retention […]

Disclosure Obligations

The current media spat between attorneys Ronald Bobroff and Partners and Discovery Health has a much wider bearing on the industry than just that of the healthcare environment. In essence, the law firm […]

Alleged Investigation of the FSB

In a media release issued on 30 October 2014, the Financial Services Board (FSB) shared its views on a media statement circulated by Kadesh Consulting, which alleges that there is an investigation underway into, amongst […]

Complaints Management Part 2

Last week, we discussed basic trends identified in the recently published Key Findings: Complaints Management Thematic Review by the FSB. Today, we share two of the four specific findings contained in this document […]

Nic Mallett on RWC 2015 Draw

The former Springbok coach made some interesting comments regarding the Springboks’ draw in RWC 2015. His concern is with the teams comprising Group A: Australia, Wales and England, together with Fidji and Uruguay. […]

FAIS Department 2014 Annual Report

The information below was extracted from a supplementary report to the FSB’s Integrated Annual Report which provides an overview of activities of all divisions in the FAIS department for the year which ended […]