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.

South African Dofa Deadline

Just a gentle reminder to all those who are required to successfully complete the level 1 Regulatory Examinations by the end of June that the final dates for registration are as follows: Permanent […]

Demarcation Proposals Under Fire

The proposals by National Treasury to find a solution to what it regards as a threat to medical schemes did not find favour with all in the industry. An article in the Financial […]

Debarments still a Headache

Louis Wessels, FSB legal consultant, writes in the latest FSB Bulletin that the debarment of representatives, unlike those involving key individuals, remain a taxing problem for the Regulator. Readers may recall that we […]

Probable Springbok Team

My colleagues suggested a squad to take on the international side in a warm-up match prior to facing Wales in June. The huge number of injured players, including the likes of Bakkies Botha […]

Write Wisely

Studying for the regulatory examination is not the only preparation you should do in order to achieve success. Knowing what to expect when you enter the exam room will equip you with a […]

Remuneration on Section 14 transfers under review

The Retirement Funds Department of the FSB published Draft Information Circular 6 of 2013 to clarify its views on certain issues, including the payment of fees and commissions when a client elects to […]

The Stats tell a Tale

The Vodacom stats app is really addictive, for those passionate about rugby. I spent the weekend deciphering some of the figures to try and gain some insight into why four out of 5 […]

Errata on Compliance Information

Very little escapes the eagle eye of Alan Holton, a compliance practitioner and associate of Moonstone. He came across a publication which contains compliance related articles, and brought the following to our attention […]

Update on Health Insurance Products

National Treasury (“NT”) released the Second Draft Demarcation Regulations for further public comment at the end of April. These Regulations specify which types of health insurance policies are permissible under the Long-term Insurance […]

Super Fifteen Super Games

An unbiased rugby lover can look forward to a couple of great contests this weekend. Top of the Pops The main match this weekend must be the tussle between the two sides heading […]

RE Preparation Material

LexisNexis announced the availability of the third edition of its Legislation Handbook and Preparation Guide for the level 1 FAIS regulatory examination – RE1 and RE5. This book reflects the law as at […]

Insurer Fees to be Outlawed

The FSB published a letter inviting comment from the industry on a practice that it intends declaring an undesirable or irregular practice. Some insurers charge policyholders a fee in addition to the premium […]

Rugby Snippets from around the globe

Trying too hard? The New Zealand Herald updates statistics on a weekly basis. The ones on tries scored makes for interesting reading. The Hurricanes top the list with 34 tries, followed by the […]

Insurance Laws Amendment Bill 2013 Postponed

The information below is taken from a media release issued on the National Treasury website. National Treasury announced on Tuesday that the Insurance Laws Amendment Bill, 2013, which was tabled in Parliament on […]

Review of Intermediary Services Definition on the Cards

The postponement of the Insurance Laws Amendment Bill, 2013 also impacted on a proposed change by the FSB to the FAIS Act. The objective of the proposed changes was to close regulatory gaps […]

Behind the Survey

We recently came across a media release of a survey titled SA advisers unprepared for regulatory change. We approached them for clarity on certain issues, and provide our questions, with their responses, below: […]