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Plans to Consolidate Ombud Schemes

The Financial Services Regulation (FSR) Bill includes a review of the various ombud schemes currently active in the industry. The information below was extracted from the discussion document titled “An Integrated Ombud System”. As the landscape for financial sector regulation is consolidated ...
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FSB takes Action on Sign on Bonuses

Scarcely a week after announcing its intent to investigate the impact of sign-on bonuses on churning, the Regulator called for a special compliance report to be completed by FSPs registered as Long-term insurers. As with the investigation into causal event penalties, which led to the Statement of Intent, ...
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FSB comments on Jacobus Kellerman media reports

Following media articles regarding the investigations carried out by the Mauritian Financial Services Commission and the Guernsey Financial Commission into the affairs of Mr Jacobus Kellerman and his associated entities and persons, the Financial Services Board (FSB) has received a number of enquiries ...
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Scaling the peaks of competence

How can you know if you are competent to perform in your role? Many professional organisations produce competence frameworks which attempt to answer this question. Unfortunately most of these frameworks are limited to assessing what you know or what you can do. But knowledge and skills are only two ...
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Think you are planning for retirement? Think again.

By Prem Govender, CFP®, Former Chairperson of the Financial Planning Institute Johannesburg - Too many South Africans neglect to make provision for their retirement, choosing instead to spend money that should have gone into retirement savings on lifestyle expenses. It is essential that ...
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