FAIS Newsletter 22 from the FSB, published in December 2016, contains a very important section to assist the industry in understanding the “Credit” requirements. The following paragraph is printed in bold and highlighted:
There are no “FAIS credits”. The credits referred to ... Read More »
Despite regular reminders, payments to advisers outside of what is legally permissible continue to make the news. This topic was covered in some detail in FAIS Newsletter 23, published in March 2017. Although the article refers specifically to motor dealerships, it contains information applicable to ... Read More »
Pressure is mounting on South Africa to enact the Financial Intelligence Centre Amendment Bill before the June 2017 meeting of the international Financial Action Task Force. The task force, which sets global standards for combating money laundering and terrorist financing, has already raised concerns ... Read More »
There’s an estimated R20bn in unclaimed benefits across 3. 5 million policy holders in South Africa. This massive sum represents both an obligation and an opportunity for financial services providers and advisers.
Metropolitan recently took significant steps to disrupt this market by ... Read More »
The 2016-17 Global Competitiveness Report ranks South Africa 11th out of 138 countries for our financial market development. In a report card that even the toughest parent would be proud of we scooped first place for financing through our local equity markets; second place for financial services’ ... Read More »