Our own Second Transition?
The financial services industry cannot be seen in isolation to what happens in the rest of the country. President Zuma’s recent initiative regarding matters of state should also be applied to what happened […]
The government takes banks to task over what it sees as unfair lending practices, proposing mandatory disclosures of declined home loans.
Read moreThe financial services industry cannot be seen in isolation to what happens in the rest of the country. President Zuma’s recent initiative regarding matters of state should also be applied to what happened […]
In all endings, there is always a beginning. On Friday, we submitted the last of our licence applications to the FSB as a “recognised licensing body”. This status was afforded to us in […]
I have been meaning to write on this topic for a while now but, having listened to a few socio-political economists/ analysts (the titles vary quite a bit) over the last three weeks, […]
The information below was published in FAIS Circular 5 of 2012. We extracted what we regard as the essence of the communication to assist readers in complying with this annual obligation. Section 19 […]
When the Eagles recently visited our shores, I was one of the first to book my seat for a trip down memory lane with songs I still know off by heart. The title […]
Investigative journalist, Lindokuhle Xulu of Financial Mail, has scooped the Financial Journalist of the Year award at the Sanlam Awards for Excellence in Financial Journalism which were presented in Johannesburg on Tuesday night. […]
Amongst others, the objective of the FAIS Act and subordinate legislation may undoubtedly be summarised as the professionalisation of the financial services industry as well as the protection of financial services consumers. As […]
Readers may recall that certain categories of FSPs were allowed to apply for exemption from the obligation to submit audited financial statements. The deadline for such applications was 31 May 2012. Bronwen Allan, […]
The industry appears to be anxiously waiting for an answer to this question from the FSB. There are certainly guidelines about what can happen, but will the circumstances call for a new approach? […]
Registration for the FSB workshops opened at 09h00 today. Most of these will be telematic broadcasts, similar to those held last year. We were asked to assist with the distribution of DVDs for […]
The FSB announced the levies payable for 2012/2013 in Board Notice 101 of 2012 last week. My colleague, Paull Lawrence, updated his levy calculator with the latest data. This can be used to […]
The proposed increase in levies is between 8% and 10%. The announcement from the FSB, prior to it being gazetted, also contains guidelines for those who intend leaving the industry. My colleague, Paull […]
RE Credits Over the last two weeks we received a number of enquiries from readers regarding the regulatory exams and credits. How many credits do I need to to qualify to write the […]
This past weekend’s Personal Finance saw a lot of cover given to the dilemma of retirees outliving their retirement savings, particularly those making use of living annuities. Old Mutual launched a new Retirement […]
A Moonstone Protector client received a notification from the FSB regarding the submission of his annual compliance report. The following sentence concerned him, and he contacted us: “In terms of the provisions of […]
The latest GrayIssue from Allan Gray contains some sobering thoughts on a ticking time bomb that the government appears to be ignoring in their quest to stay in power. For some time we […]