How the process to make withdrawals from the savings ‘pot’ will work

Retirement fund members must ensure their fund has their correct details and they are registered as a taxpayer with SARS.

Roche Cowley sent me this little gem.

This is dedicated to all of us who are seniors, to all of you who know seniors, and to all of you who will become seniors. An irate customer called the newspaper office, […]

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 […]

Assistance with Licensing Requirements

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 […]

When all else fails…

I am, like most males, definitely guilty of thinking that I can achieve anything without directions. The availability of the GPS makes my life a lot less embarrassing, especially when I have to […]

After the Lord Mayor’s Show

Failure to write the REs within the stipulated time frames calls for action on the part of those affected. The following guidelines were published by the FSB to assist FSPs in conforming to […]

Ands, Ifs and butts kicked

We certainly had some lively discussion on Monday’s blog. In particular, Morné Steyn’s performance came under the spotlight. There were some great chirps: Tony: Although I really like Jean De Villiers, he needs […]

Insurance – The socio-political silver bullet

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, […]

Q & A on UK TV and Radio show

UNIVERSITY CHALLENGE (BBC2) Jeremy Paxman: What is another name for ‘cherrypickers’ and ‘cheesemongers’? Contestant: Hömosexuals. Jeremy Paxman: No. They’re regiments in the British Army who will be very upset with you. BEG, BORROW […]

Level 1 RE 3 Preparation Guide

This regulatory exam needs to be written by Licence holders in Category II (discretionary fund managers) and II A (hedge fund managers). A set of preparation material advertised elsewhere in this newsletter, can […]

The Numbers Game

What will the fall-out figure be? How many people will be forced to leave the industry? I received a call from a media contact last night, trying to squeeze a figure out of […]

Level 2 RE Content

On Monday we said that the level 2 REs would focus on the legislation pertaining to products, and not on products per se. This elicited a number of enquiries. We discuss the content […]

Over the Hill or Burnt out?

Mens wonder soms oor ons as ondersteuners se ongenaakbare verwagtinge van ons nasionale rugbyspanne. Ek lees vanoggend in die koerant dat daar in Suid-Afrika geen middelgrond is nie. Ons skree “Halleluja” as ons […]

Blond experience writing RE 5

Morning Ma’am, the name is Sam Reporting for the Rep’s exam I must admit I’m in a jam I cannot prove just who I am. I am nearly forty three And as blond […]

Annual Financial Statements

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 will level 2 REs be available?

The regulator indicated that it would focus on the completion of the level 1 REs, and particularly RE 1 and RE 5 before making any further announcements on the next level of regulatory […]

A recipe for success

It is easier to bake a stunning cake if you follow the recipe, rather than just knowing what the ingredients are. This also applies to the regulatory exams (REs). I received the following […]