FAIS Ombud highlights need for follow-up when a policy changes materially

Determination says a ‘reasonable broker’ would supplement a bulk email with an email or phone call to ensure the client is aware of new conditions.

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Smash and Grab

This is not only a phrase used to describe a form of petty crime; it was also the name of a great South African racing horse. If one has to find an equivalent […]

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THE THREE NUNS

THREE NUNS WERE ATTENDING A RUGBY FINAL… THREE MEN WERE SITTING DIRECTLY BEHIND… BECAUSE THEIR HABITS WERE PARTIALLY BLOCKING THE VIEW, THE MEN DECIDED TO BADGER THE NUNS HOPING THAT THEY’D GET ANNOYED […]

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Regulatory Overkill?

There are some who will say that rugby is not as serious as work – it is much more important. Recent incidents in the sporting world confirmed a theory also held by many […]

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RE Focus: Why do I keep on failing?

We regularly receive desperate calls for advice from candidates who have repeatedly failed the level 1 regulatory examination. Perhaps we should start off with the bigger picture – on Tuesday, we heard from […]

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Managing an FSB Compliant Practice

The FSB presentation on Tuesday, 3 September, is possibly the most comprehensive, up to date guide available on managing a practice, and the DVD belongs in the library of everyone who is serious […]

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Currie Cup Against India?

The hotly contested tour itinerary of the Indian cricket tour later this year suggests that playing for a Currie Cup may be more apt than something milder than a Bombay special. The ructions […]

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Pricing Your Services

by Johnny Grohovaz “You’re in business to render a service that is so good that people are willing to pay a profit in recognition of what you are doing for them…1 ” Providing […]

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Putting the Bite Back in the Game

A week ago, Argentinian forward Leonardo Senatore was handed a nine-week ban for biting South African lock Eben Etzebeth. This week, the Griquas replacement lock, Rory Arnold will have to face the music […]

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Sibling Logic

Sibling Logic Teacher to Billy: “Billy, if you have five sweets and your sister asks for one, how many will you have left?” Billy: “Five.”  

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Edwafin Chickens Come Home to Roost

Two FAIS Ombud rulings were published on Friday, both concerning investments made via an FSP in Edwafin, a venture capital company in KZN which offered 18% guarantees on debentures. Edwafin started advertising aggressively […]

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FSB Internet Technical Specifications

If you experience problems accessing information from the FSB website, please read the information below. This is copied directly from the Regulator’s website. Internet Browsers The FSB developed this website to work correctly […]

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Bad Liver and a Broken Heart

On Sunday morning I could not make up my mind about which song best summed up my situation: Bad liver and a broken heart by Tom Waits, or Sunday morning coming down by […]

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Check your Mate

Industry experienced job applicants have to provide proof of their RE results. The question is: how reliable is this information? Judging by the vast number of enquiries we receive, it is apparent that […]

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You can't fudge experience

New Zealand/Australia The Aussies only made one injury enforced change to the team. Ewen McKenzie (Pictured above) explained his thinking as follows in the NZ Herald: “You can’t fudge experience and I know […]

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Old Mutual Wealth Initiatives cause stir

Two media articles on the new Old Mutual Wealth business model, published on Wednesday, will certainly cause more than just a stir in the industry. As usual, the mention that commission would no […]

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