Islamic Marriages and Divorce Orders
In a recent determination, the Pension Fund Adjudicator ordered an umbrella fund to reverse its decision not to pay a 50% share of a pension interest as decreed in a divorce settlement. According […]
Massive interest in two-pot withdrawals puts administrators to the test
As the two-pot system rolls out, fund administrators are receiving a wave of withdrawal claims, highlighting the financial squeeze many are feeling.
Read moreFSB Guidance Note on Section 13(1)(c)
This guidance note comes into effect in a few days, and will have serious consequences for a number of FSPs and representatives. Alan Holton, a FAIS specialist, shares his views on the practical […]
Garden Snakes can be Dangerous
Green Tree Snakes (Dendrolaphis punctulata) can be dangerous. Yes, tree snakes or grass snakes, not brown snakes or taipans. A couple in Townsville, Australia, had a lot of potted plants. During a recent […]
Australia Life Risk Business Commission Agreement
After much debate, consensus was finally reached on how advisers on life risk business in Australia will be remunerated in future. The ifa online newsletter states: The agreed policy will consist of a […]
New capital controls in Nigeria and Angola
The Central Bank of Nigeria (CBN) announced additional capital controls on June 24. CBN Governor Godwin Emefiele listed up to 40 items that would henceforth not be eligible for the purpose of purchasing […]
It can be done
We recently warned against candidates underestimating the challenge contained in writing the regulatory exams. A reader responded as follows: We recently employed a young lady whose only experience was as a secretary in […]
Do not Underestimate PAIA
A recent High Court judgment warns that ignoring the prescriptions of the Promotion of Access to Information Act can have serious implications for those who take it lightly. Walkers Incorporated of Cape Town […]
Important FAIS Guidance Note
The FSB published guidelines on the correct interpretation and application of section 13(1)(c) of the FAIS Act which states: A person may not render financial services or contract in respect of financial services […]
Calling all Armchair Selectors
With all the attention shifting to the Rugby World Cup in September in England, my colleague André Marais recently invited a few of us to put on our thinking caps about a possible […]
Remorse as a Mitigating Factor
The latest decision by the FSB Appeal Board contains an interesting perspective on the impact of remorse in cases where a review of a decision by the Regulator is requested. The reasons for […]
Preparing for the Regulatory Exams
It is disconcerting to hear how many candidates totally underestimate the level at which the exams are pitched. This is often enhanced when one uses study material containing self-assessment tests which are not […]
Prescribed Minimum Benefits to be Extended?
Intentions by the Department of Health to amend regulations concerning prescribed minimum benefits in terms of the Medical Schemes Act were challenged by Genesis in court on 18 June 2015, asking that the regulations be […]
PAIA Deadline Looming
The ill-fated Promotion of Access to Information Act of 2000 is rearing its head again. Moonstone Compliance provides all its clients with a PAIA manual. The cost of producing such a manual varies […]
South Africa's CIS industry earns a C – Patrick Cairns
Earlier this month Morningstar released its 2015 Global Fund Investor Experience report. The study rates the collective investment scheme (CIS) industries in 25 countries based on how customer friendly they are. Morningstar gave […]
South Africa flouts rule of law with Al-Bashir incident
At some point before or during the 25th African Union (AU) summit held in Gauteng during June 7-15, the South African government crossed an extremely dangerous line. The executive took a decision to […]
POPI Road Map
Last week’s publication of the Everlytic Guide to Navigating POPI proved to be very popular with readers. It is an easy to read, colourful document, and ideal to use in training sessions for […]
