Padongelukkefonds eise en mediese skema terugbetalings
Geplaas met die vriendelike toestemming van Van der Spuy en Genote. Jy was in ‘n motorongeluk betrokke en jou mediese fonds het jou mediese kostes gedek. Op advies van jou prokureur het jy […]
Best Practice
Videos
Watch: MBSE launches RE training for FAIS representatives
Watch: FPI Financial Planner of the Year on key issues shaping the financial landscape
Animated video explains the two-pot retirement system
NCA Credit providers’ FICA obligations
NCR Desktop Audits
Is South Africa on track to getting off the grey list?
Looking back at this year’s FPI Professional’s Convention
Enhance your HR skills by attending our insightful webinars in November
Webinars on how to investigate misconduct and address poor performance
FSB FAIS Circular 4 of 2015
The FSB published a Guidance Note on the Interpretation and Application of Section 13(1)(c) on 24 June 2015. This document has specific bearing on “…authorised financial services providers who wish to conduct financial […]
Low Cost Benefit Options for Medical Schemes
The Council for Medical Schemes (CMS) published Circular 54 of 2015 which contains details of the framework and principles to allow the introduction of Low Cost Benefit Options (LCBOs) within the medical schemes […]
Poor Administration or Negligence
Section 11 of the General Code of Conduct states: `A provider must at all times have and effectively employ the resources, procedures and appropriate technological systems that can reasonably be expected to eliminate, […]
PI Pointers
The Insurance Institute of South Africa (IISA) recently hosted a forum where the issue of Liability was discussed. One aspect which caught my eye concerned PI cover. While many of us are aware […]
Explanatory Summary of Financial Sector Regulation Bill, 2015
A publication in the Government Gazette, on 21 August 2015, contains a summary of this important piece of legislation which will soon be tabled in the National Assembly. It is essentially, the blueprint for the […]
Unclaimed Retirement Benefits
The latest Annual Report of the Registrar of Pension Funds states that approximately Twenty billion Rand in unclaimed benefits is owed to about 3.5 million beneficiaries. Many funds employ the services of tracing […]
RDR and CPD – What to do now?
I received a call from a reader last week asking for advice on which of the three proposed adviser models would suit his situation best: independent, multi-tied or tied adviser? Of the 55 […]
Private Practitioners take on Genesis
TimesLIVE reports that the medical aid scheme’s attempt to reduce the amounts payable for prescribed minimum benefits met with resistance from the SA Private Practitioners’ Forum who claimed that the scheme’s financial statements […]
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, […]
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 […]
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 […]
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 […]
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 […]
Moving Clients to a new FSP
Representatives in the short-term industry who move to a new FSP, often take their clients with them. There are very specific legal requirements in this regard, and ignoring it can have a costly […]
Upfront Remuneration on Savings Plans
We are aware of at least one product provider who offers upfront discounted fees, plus further payments in years 6 and 11 of the plan. Whilst this option contains a number of positive […]
Update on Debarment Article
On 18 June, an article titled More debarments end up in court reported on two representatives who turned to the courts after being debarred by their former employer. In an urgent application in […]
