Who let the dogs out?
This past year had its fair share of ups and downs. It is normal practice to review the year gone by, and hopefully learn from it. It also provides an opportunity to ponder […]
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
Is Insurer in Breach of Agreement?
A recent settlement between the FSB’s Enforcement committee and a direct insurer reads as follows: The parties agree that the offering of the Travel and Card Cash back benefits that formed part of […]
Termination of Agreement Or Business
I received an enquiry from a reader last week who decided to leave the industry after 30 years. He asked for advice on what he needs to do, as another advisor offered to […]
Moving a Short-term Book
Publication of the FAIS Ombud’s annual report provides a great learning opportunity every year. We believe that learning from someone else’s mistakes is far better than from your own. A subject that made […]
Check your Details at the FSB
On Thursday we reminded readers of the necessity to notify the FSB of any material changes in their licensing conditions. A Moonstone Protector client in Bloemfontein had recently changed auditors, and was concerned […]
Licence Profile Changes
Authorised financial service providers are legally required to advise the FSB in the prescribed manner of any changes to their licensing conditions, within 15 days of such changes. Many FSPs are not aware […]
FSB Circular 10 on REs
There will no doubt be some very clever calculations done, based on the statistics contained in this circular. It never ceases to amaze me how some people can spend hours dissecting these figures […]
Did the Crime fit the punishment?
Further to last week’s article Bark without Bite?, we expand on the closing sentence which read: “ We are not propagating stricter censure for transgressors, but merely asking that a uniform standard be […]
Living Wills
The article below comes from a newsletter distributed by Sentinel Trust, and was written by Gordon Stuart: From time to time I do get asked about a living will and whether it is […]
Bark without Bite?
The latest finding by the FSB’s Enforcement Committee (EC) will no doubt raise an eyebrow or two, given the promise of harsher treatment promised in July this year. A short-term provider transgressed Section […]
Tax Imperatives Seminar
Readers in Cape Town and surrounds are cordially invited to attend this seminar, on 17 October, arranged by Walkers Attorneys in Cape Town. Of particular interest to readers may be the fact that […]
FIC Registration
On 19 September, The FIC sent a notice to Financial Services Providers (FSPs) who had not yet confirmed their registration details in terms of section 43B of the Financial Intelligence Centre Act, No. […]
RA Commission under the Spotlight
The National Treasury released two technical discussion papers on promoting household savings and reforming the retirement industry. These papers, numbered B and C respectively, are titled Enabling a better income in retirement, and […]
New sectors for South African collective investments
The Association for Savings and Investments South Africa (ASISA) announced this week that a new fund classification standard has been finalised and approved for implementation on the 1st of January 2013. The new […]
Service Level Agreements
It is no secret that the myriad of controls required by the Regulator is not often viewed in a positive light. Feedback after visits by the FSB to broker practices confirms that FSPs […]
Outsurance kry Bloedneus
Verbruikers wat meen dat hulle spaar deur die tussenganger uit te sny, kan gerus hierdie artikel lees. Luidens die berig in die Sunday Times van 12 Augustus 2012 is ‘n kliënt se eis […]
FSB Contact Details
The latest FSB newsletter, published in January this year, contains a list of e-mail addresses for submission of documentation to the Regulator. Please download and store this in easily accessible format. We have […]
