FAIS Act: To be, or not to be a Representative?Published: Fri, 03 Feb 12 To be, or not to be a Representative? That is a tough question, given the intricacies involved. L writes:
I recently read in a Moonstone publication that office staff should be aware of all the legislation, fit and proper requirements etcetera, but that they do not have to write the regulatory exams. I am employed ...
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Cancer is leading cause of Insurance Claims according to AltriskPublished: Fri, 03 Feb 12 According to insurance claims statistics released by Altrisk for January 2011 to December 2011, cancer is the leading cause of all insurance claims across critical illness, income protection and life cover, followed by accidental causes and cardiovascular disease. The statistics illustrate:
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Registration has opened for The Insurance Conference 2012Published: Thu, 02 Feb 12 Registration has opened for The Insurance Conference 2012 which will be held at Sun City, from 10 - 13 June 2012 and an early bird discount is available for early bookings until 9 March 2012, so get registered now.
The Annual Insurance Conference provides a forum for all sectors of the insurance industry to ...
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Altrisk Provides Swiftnsure for Immediate CoverPublished: Thu, 02 Feb 12 Swiftnsure is Altrisk’s latest underwriting innovation, providing immediate insurance cover for clients who need protection immediately.
This option provides all currently available lump sum benefits for natural causes (excluding Guaranteed Insurability) at 90% of the selected cover. This cover is also ...
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Compliance Risk Management Plans now available onlinePublished: Wed, 01 Feb 12 After a year of intensive development, the Compliance Institute Southern Africa announced today that its Compliance Risk Management Plans (CRMPs) are available for purchase online.
The CRMPs have been developed as a guide and monitoring tool to assist businesses in complying with the requirements contained ...
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Pretium Services Compliance Update – January 2012Published: Wed, 01 Feb 12 The January 2012 Pretium Services Compliance Update has been published in the Insurance Gateway® Knowledge Base.
With a compliance flavour, these newsletters provide a succinct overview of happenings within the FAIS environment and being distilled as they are, are a must read for busy FSP executives who ...
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Treating Customers Fairly: How is it Measured?Published: Wed, 01 Feb 12 The FSB published feedback on their website about a tool they are developing to determine the status of TCF in your practice. The purpose of developing – and piloting - a self-assessment tool is to:
Provide firms with insight as to how ready they are to demonstrate to the FSB and other stakeholders, ...
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Big data holds big challenges for 2012Published: Mon, 30 Jan 12 As 2012 rolls in amid continued economic uncertainty, businesses will have to work smarter to achieve sustainability and growth. One way of succeeding is to extract more value from data through business intelligence (BI) and analytics. This poses a huge challenge to the organisation, particularly in face of the growth ...
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Binder Regulations – Practical implicationsPublished: Mon, 30 Jan 12 By Peter Atkinson
Financial Intermediaries Association of Southern Africa
The Financial Services Board (FSB) published the proposed Binder Regulations on Friday, 22 August 2011 for public comment (by 5 September) after some two and a half years of debate. Following a few minor subsequent amendments, the regulations ...
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Survey - Professionals are more upbeat on the state of the economyPublished: Thu, 26 Jan 12 Confidence among graduate professionals* improved in the final quarter of 2011, according to the latest results from the PPS Graduate Professionals Confidence Index, with an overall confidence level of 58%, the highest level recorded since the first quarter of last year.
The quarterly survey, which now tracks ...
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Whither Enterprise Resource Planning in the cloud computing eraPublished: Thu, 26 Jan 12 Cloud computing continues to hold centre stage as it demonstrates through practical application that the advantages it promises are consistently delivered. These advantages, of reduced cost, improved efficiency and greater flexibility, have always held great appeal for the enterprise technology user, since in simple ...
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FAIS Regulatory Examinations in AfrikaansPublished: Thu, 26 Jan 12 The Financial Services Board would like to make a correction to certain allegations in an article that appeared in the BEELD newspaper on the 25/01/12. It is not part of the settlement between the FSB and NAIFA that the FSB will translate any code of conduct or other study material in Afrikaans. However, the FSB has ...
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FAIS Regulatory Exam Roundup 23 January 2012Published: Mon, 23 Jan 12 Level 1 Regulatory Examinations - Forewarned is forearmed
One advantage that those have who have not yet written a level 1 RE, is that they can benefit from the experience of those who wrote before them. In the first of a series of articles, we discuss how you can apply the composition of the paper to your ...
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Super Ombud on the cards againPublished: Mon, 23 Jan 12 Two articles in Saturday’s Personal Finance make it clear that the current system of handling complaints is not cast in stone. The gist of the articles is summarised as follows on the Personal Finance website:
A breakdown in relations between the former Ombudsman for Short-term Insurance and the insurance ...
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Swiss Re appoints new CEOPublished: Fri, 20 Jan 12 Swiss Re's Board of Directors appoints Michel M. Liès, currently Chairman Global Partnerships at Swiss Re, as new Group Chief Executive Officer as of 1 February 2012. Michel M. Liès succeeds Stefan Lippe. The Board of Directors also announces that Moses Ojeisekhoba will join Swiss Re as CEO Reinsurance ...
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Risk Management - The key to sustainable strategiesPublished: Fri, 20 Jan 12 Chief risk officers, heads of risk and compliance officers have stressed the importance of entrenching their company's sustainability. Without a solid structure of sustainable planning in your risk management objectives and the future of your organisation may not be as secure as you'd like. Perhaps ...
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FAIS Regulatory Exams Year-end Statistics Reveal Positive TrendsPublished: Thu, 19 Jan 12 I came across a presentation on the FSB website which contains information and statistics I have not seen or read anywhere. Some of the dates refer to information as at 17 November last year, so it must be very up to date. It is merely a PowerPoint presentation without notes, so one needs to be careful about how one ...
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Competition for University places highlights need for careful planningPublished: Wed, 18 Jan 12 The release of the recent 2011 National Senior Certificate (NSC) results by the Department of Basic Education, and the rush by many students to ensure they have a place on their preferred courses, has highlighted the appetite for tertiary education among the newly matriculated, yet for many the rising cost of education ...
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