Changing Insurers
I read an article last week concerning Regent cancelling all its commercial and personal lines policies. Naturally, these clients will be forced to find alternative cover. Advisors assisting such clients must take care […]
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 moreMuch Ado About Much
It was Jack Benny who said: “Give me golf clubs, fresh air and a beautiful partner, and you can keep the clubs and the fresh air.” It will take one seriously good looking […]
Am I my client’s keeper?
Most of the Ombud determinations we reported on, had a negative outcome for the advisor involved. It is nice to come across one where the Ombud found in favour of the broker. This […]
2013 Compliance Reports
The information below was copied from FAIS Circular 5. The Compliance Reports for 2013 were published on 29 May 2013 in the Government Gazette as the following Board Notices: 105 of 2013 Category […]
FSB Circular Download Problems
Those of you who use Mozilla Firefox will experience problems when downloading links to the FSB website. The FSB home page contains the following disclaimer: Opening and downloading of documents on this website […]
Of Mice and Men
The announcement of the Springbok squad for the incoming series was generally well received by rugby lovers. Heyneke Meyer blended experience and youth, using Super 15 form, to produce an excellent combination of […]
The Modern Navy
The US Navy is proud of its new fleet of destroyers. Having initially named the first two ships USS Daring and USS Dauntless, the Naming Committee has, after intensive pressure from the United […]
Treating Customers Fairly
TCF is closer than we think. It appears to be on the FSB’s radar screen already, despite expectations that it will only become a reality next year. In an article we published on […]
Amended guidelines on Rep registers and debarments
FAIS Information Circular 4 of 2013, dated 27 May 2013, provides guidance regarding: Changes to the rep register, which was last amended in December 2009 The introduction and implementation of an electronic platform […]
Sports Galore
That peaceful process, which unites us as a nation, happens on Saturday, when Heyneke Meyer announces his side for the first test against Italy. We introduce you to a lekker website where armchair […]
Treating Customers Fairly in Action
TCF is closer than we think. It appears to be on the FSB’s radar screen already, despite expectations that it will only become a reality next year. In an article we published on […]
Hollard and Etana Merge
Judging from the media release on this transaction, it appears that there are many reasons why it is likely to be a huge success. Both entities are highly successful, and the merger will […]
2013 Annual FPI Convention and Expo
This year’s FPI conference boasts a host of industry authorities who will be tackling topical and current subject matter. The programme includes practical workshops and panel discussions by leading experts and opportunities to […]
FAIS Ombud Extends her Reach
We have long bemoaned the fact that determinations by the Ombud seemed to involve the advisor only, and not the product provider. In the recent Bekker determination, the Ombud makes the following point: […]
FSB Initiates Regulatory Action Against Old Mutual
In a media release on 21 May 2013, the Financial Services Board (FSB) announced that it has initiated regulatory action against Old Mutual for transgressions of Directive 159.A.i which applies to both the […]
