Best Practice
Videos
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
Education and Values
Professionalisation is a core thrust of all the changes envisaged in the financial services industry – from the introduction of FAIS to all current and future objectives. What role will obtaining credits, a […]
Proposed Qualification for Trustees
Subsection (3) of Section 7C of the Pension Funds Act prescribes that, within a period of six months after a person becoming a board member, he or she must have, or acquire, certain […]
Discussion paper on Reinsurance
The FSB recently published a document on the proposed future regulatory framework for reinsurance in South Africa. This document – Outlines the results of the reinsurance regulatory review carried out by the Financial […]
Levy Calculators
My colleague, Paull Lawrence, updated his levy calculators to help you determine what you can expect to pay. There are two tools – the one is for sole proprietors only, and another for […]
DOFA and the Five Year Experience Requirement
FAIS Information Circular 2 of 2015, dated 12 April 2015, clarifies a practice which both the Registrar and the industry appears to have applied incorrectly. At the heart of the matter lies the Fit and […]
Financial Statements
FSPs whose financial year ends at the end of February need to submit their financial statements to the Registrar by the end of June. Please bear in mind that, should you require to […]
Bundled Benefits
The Banking Ombud’s 2014 annual report contains a number of very interesting case studies which most of us can learn from. I found definite touches of the late Charles Pillai’s flowery language in […]
Qualifications Lists Updated
The FSB published updated Qualification lists for FSPs and Compliance Officers. If you have a qualification, but is unsure whether it is recognised by the FSB for your specific licence category, this is […]
New ASISA Replacement Standard
A newly published “ASISA Standard on Replacement” is currently being rolled out to the industry. The aim of the revised guidelines is to bring it in line with Treating Customers Fairly outcomes. The […]
Standards to Provide Greater Clarity
The introduction of the FAIS Act and its supplementary regulations proved to be quite a challenge for both the FSB and the industry. At one stage, industry experts expressed the view that the […]
Referrals and Leads Generation
Clarity on the regulation of this important aspect of the financial services industry is provided in proposals in the Retail Distribution Review (RDR). Where a referral involves the mere passing on of contact […]
Make Your Voice Heard
The rapidly changing financial advisory market necessitates the opportunity for investment advisers to voice their views on a meaningful platform. The South African Investment Panorama is a new research project to enable independent […]
Key Individual Liability
A recent order by the FSB’s Appeal Board highlighted the importance of applying the prescribed methodology where representatives under supervision are concerned. A representative under supervision, Moore, claimed that the directors of Blue […]
Whose client is it anyway?
A reader writes: I refer to comments made by Dr. Brian Benfield in an article you recently posted, and particularly to the following: A clear understanding and application of the law of contract, […]
Make Your Voice Heard
The rapidly changing financial advisory market necessitates the opportunity for investment advisers to voice their views on a meaningful platform. The South African Investment Panorama is a new research project to enable independent […]
Complaints and Compensation for Clients
Alan Holton of Compliance Monitoring Services writes: I read the comments in your “Moonstone Investment Indicators” of the 23rd March (LT Ombud Makes Compensation Rulings) regarding the principles that lie behind awards made […]
