Discovery to appeal ‘far-reaching’ judgment in favour of RAF

The High Court says Discovery Health misconstrued the scope of the judgment that set aside the RAF’s first directive on the payment of medical scheme members’ claims.

Read More

What goes up must come down

Unintended consequences often defeat the object of the exercise. It appears as if this is also happening in financial regulation, internationally. It is common knowledge that much of the regulation of financial services […]

Read More

Are your Proudly South African?

You are Proudly South African when: You call a traffic light a “robot”. You call an elevator a “lift” You call a car hood a “bonnet” You call a car trunk a “boot” […]

Read More

VeriFi Pro

Springpoint Finance (Pty) Ltd is launching a pioneering service aimed at ultimately bringing the client and the financial advisor together, through an extensive consumer awareness and educational campaign in the printed and electronic […]

Read More

BN 119 of 2013: Level 1 Exemptions

This Board Notice (BN 119 of 2013) provides for an exemption from the current Fit and Proper requirements to two categories of FSPs, and affirms the dates for those not included in this exemption. […]

Read More

BN 120 of 2013: Level 2 Exemptions

This Board Notice, (BN 120 of 213)  published on 5 June, exempts all FSPs from having to write the level 2 REs until further notice. No rationale for this decision is contained in […]

Read More

Hier kom die Bokke

On the whole, most SA rugby fans will be pleased with the performance of the Springboks on Saturday. There are a few concerns, notably at the kick-offs, where they did not field the […]

Read More

Consumer Protection and the Regulators

Retirement Annuities are making the headlines, again, but for the wrong reasons. The most recent determination by the Pension Fund Adjudicator (PFA) made the headlines in Personal Finance, and was followed by a […]

Read More

Hospital Cash Plans Under Threat

The article below is, in the main, an extract from a media release by ASISA. The Association for Savings and Investment South Africa (ASISA) warned that, if the abuse of hospital cash plans […]

Read More

Short-term Remuneration Review

At the end of 2011, the FSB invited various industry bodies, representing both product providers and intermediaries, to respond to proposals on how remuneration could be “reformed” to ensure that it was fair […]

Read More

Changing Insurers

I read an article last week concerning Regent cancelling all its commercial and personal lines policies. Naturally, these clients will be forced to find alternative cover. Advisors assisting such clients must take care […]

Read More

Much Ado About Much

It was Jack Benny who said: “Give me golf clubs, fresh air and a beautiful partner, and you can keep the clubs and the fresh air.”   It will take one seriously good looking […]

Read More

Am I my client’s keeper?

Most of the Ombud determinations we reported on, had a negative outcome for the advisor involved. It is nice to come across one where the Ombud found in favour of the broker. This […]

Read More

2013 Compliance Reports

The information below was copied from FAIS Circular 5. The Compliance Reports for 2013 were published on 29 May 2013 in the Government Gazette as the following Board Notices: 105 of 2013 Category […]

Read More

FSB Circular Download Problems

Those of you who use Mozilla Firefox will experience problems when downloading links to the FSB website. The FSB home page contains the following disclaimer: Opening and downloading of documents on this website […]

Read More

Of Mice and Men

The announcement of the Springbok squad for the incoming series was generally well received by rugby lovers. Heyneke Meyer blended experience and youth, using Super 15 form, to produce an excellent combination of […]

Read More

The Modern Navy

The US Navy is proud of its new fleet of destroyers. Having initially named the first two ships USS Daring and USS Dauntless, the Naming Committee has, after intensive pressure from the United […]

Read More

Treating Customers Fairly

TCF is closer than we think. It appears to be on the FSB’s radar screen already, despite expectations that it will only become a reality next year. In an article we published on […]

Read More