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FSCA releases Guidance Notice on retirement funds sustainability of investments and assets

Published: Thu, 20 Jun 19

On 14 June 2019, the FSCA released a guidance notice on the sustainability of investments and assets in the context of a retirement fund’s investment policy statement. This notice is to provide guidance to boards of retirement funds on how to comply with parts of Regulation 28 (Reg 28) under the Pension Funds ...
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Guidance note on requirements for Continuous Professional Development (CPD)

Published: Fri, 07 Jun 19

Guidance note on requirements for Continuous Professional Development (CPD) The Financial Sector Conduct Authority (FSCA) has released a guidance note on regarding the compliance with the continuous professional development (“CPD”) requirements for Financial Services Providers (FSPs), key individuals ...
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Associated Compliance Newsletter 070 - May 2019

Published: Thu, 06 Jun 19

May 2019 - Associated Compliance Newsletter From AC CPD June 2019 to May 2020 Just when you thought it was safe to take your foot of the CPD pedal, and for some that pedal was flat to the floor during May, you are already in. From AC HAS The legalisation of cannabis for private use has ...
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Associated Compliance Newsletter 068 – August 2018

Published: Fri, 31 Aug 18

The August 2018 Associated Compliance Newsletter has been published in the Insurance Gateway® Knowledge Base. The compliance landscape has become increasingly time consuming and complex to navigate. It will therefore be well worth your time to read the latest edition of the Associated Compliance newsletter, which ...
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Importance of RE Qualifying Criteria

Published: Fri, 31 Aug 18

In response to a recent enquiry from a candidate, it is important to highlight the absolute necessity to ensure that you take into account the qualifying criteria when preparing for the regulatory exams. Firstly, we want to emphasise that studying the Preparation Guide is in fact the very first step a candidate should ...
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Black Business Growth Funding a win-win for financial sector black empowerment

Published: Thu, 30 Aug 18

The financial sector has four months left in which to shore up ownership and empowerment financing scores for 2018 against the targets of the Amended Financial Sector Code (FSC) by making use of the new alternative option of channelling funding to black owned enterprises in line with the FSC’s Black Business ...
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Breast cancer: managing the unthinkable

Published: Wed, 29 Aug 18

Due to widely published content regarding cancer and the impact thereof, the awareness of this silent killer is rapidly increasing. Not only are people becoming more aware of the prevalence of cancer but they also start to realise that early detection of the disease has a powerful impact on the prognosis. ...
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Insurers and loss adjusters to take care when investigating claims

Published: Tue, 28 Aug 18

By Jay Page, senior associate, Bowmans If it is not already high on the agenda, becoming familiar with the requirements of the Protection of Personal Information Act (POPI Act) should be a priority. In the UK last year, a firm of loss adjusters was found guilty of unlawfully disclosing personal data illegally obtained ...
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AlphaCode seeks next OUTsurance or Discovery offering R16m in support

Published: Thu, 23 Aug 18

AlphaCode, an initiative of Rand Merchant Investments (RMI), has set aside R16 million to identify a new generation of financial services entrepreneurs through its AlphaCode Incubate initiative. Explains Dominique Collett, head of AlphaCode and RMI senior investments executive, “The RMI board believes it is ...
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FPI awards “everything we desire in a Financial Planner”

Published: Thu, 23 Aug 18

Johannesburg, South Africa: The Financial Planning Institute of Southern Africa hosted a gala dinner to celebrate and crown the best of the profession. About 250 professionals in the financial planning profession came together at the Inanda Polo Club in Sandton, Johannesburg to celebrate what has admittedly ...
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INSETA withdraws RE study material

Published: Wed, 22 Aug 18

A notice on the INSETA website reads: “After receiving several complaints from stakeholders regarding the inaccuracy of the RE (FAIS) materials (sic), a decision has been made to withdraw the materials from the Inseta website. Unfortunately, the one linked on their website is still the 31 May version, which ...
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Survey reveals South African’s aren’t protecting their income

Published: Wed, 22 Aug 18

In spite of this, less than 50% of the people surveyed by FMI (a division of Bidvest Life Limited) in their recent #RealityCheck consumer survey believe they will have a temporary injury in their working lifetimes, and do not have any form of Income Protection or Disability cover. The effects of not earning ...
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Setting the bar for innovation in customer engagement

Published: Wed, 22 Aug 18

Loeries Award for Momentum Corporate’s Smart Underwriting solution   On Saturday, 18 August, Momentum Corporate’s Smart Underwriting solution won the silver award at the Loeries. The award is in the Service Design category which was introduced in 2015 to recognise brands that engage their customers ...
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Change in top management at Hannover Re

Published: Wed, 22 Aug 18

Ulrich Wallin will be retiring in May 2019 Jean-Jacques Henchoz appointed as his successor Hannover: The Supervisory Board of Hannover Rück SE has appointed Jean-Jacques Henchoz (53) as a member of the Executive Board with effect from 1 April 2019. Following the end of the Annual General Meeting on 8 May ...
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Management changes at Swiss Re

Published: Wed, 22 Aug 18

Swiss Re today announces that Russell Higginbotham is appointed CEO Reinsurance EMEA and Regional President EMEA and member of the Group Executive Committee, effective 1 September 2018. Russell Higginbotham succeeds Jean-Jacques Henchoz, who has decided to pursue an opportunity outside Swiss Re. Russell Higginbotham ...
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Critical factors to fuel the data-driven enterprise

Published: Fri, 17 Aug 18

        Anton Jacobsz, managing director Networks Unlimited Africa     JOHANNESBURG: Successful digital businesses depend on data to provide the insights necessary to deliver new innovations, products, and services. But those insights are only as good as the underlying ...
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Ombud raps insurer on knuckles for poor service

Published: Wed, 15 Aug 18

          Judge Ron McLaren Ombudsman for Long-Term Insurance                   Cape Town: The Ombudsman for Long-Term Insurance, Judge Ron McLaren, has criticised Alexander Forbes Life for the poor handling of a disability ...
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Is alternative dispute resolution all it’s made out to be?

Published: Wed, 15 Aug 18

By Terrance M. Booysen (Director: CGF) and peer reviewed by Jayson Kent (Cowan-Harper-Madikizela Attorneys: Senior Associate)   In today’s fast-paced business environment, where time is of the essence, any manner in which processes can be streamlined, made more efficient, and concluded within a shorter ...
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Masthead Masterclass helps advisors prepare for the future

Published: Mon, 13 Aug 18

Independent financial advisors (IFAs) need to be fully committed to their businesses and not just involved, if they want to succeed in the increasingly regulated environment of the future, Ian Middleton, MD of Masthead, told more than 1 000 IFAs at the recent Masthead Masterclass held in 11 venues across South ...
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CEO of the Financial Planning Institute of SA resigns

Published: Sat, 11 Aug 18

Ntai Phoofolo, FPI Chairperson The Financial Planning Institute of Southern Africa (FPI) announced yesterday, the resignation of the Chief Executive Officer, Mr. Godfrey Nti with immediate effect. “The Board is thankful for Godfrey’s years of service and contribution to the organisation,” said ...
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