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Law Society welcomes legal practice bill

Published: Tue, 22 May 12

The Law Society of South Africa (LSSA) welcomes the publication of the long-awaited Legal Practice Bill. ‘This Bill has been in the making for more than a decade, and throughout that process, the LSSA has been cooperating with the Department of Justice and Constitutional Development and other stakeholders as ...
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Continuous Professional Development: Part I

Published: Tue, 22 May 12

We will provide readers with an overview of the FSB’s proposals on continuous professional development, or CPD, over the next few weeks. The draft is available on the FSB website, as well as on the Moonstone website. PURPOSES OF CPD Subject to Part VII of the Determination of Fit and Proper Requirements, ...
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COSATU protesting proposed changes to Labour Legislation– some amendments likely to be scrapped says ENS

Published: Sun, 20 May 12

COSATU has reacted to new proposed amendments to the Labour Relations Act (LRA), particularly pertaining to laws regarding strikes and picketing, with national outcry. Furthermore, other proposed amendments regarding the locations of strikes could directly intrude on third party property rights. As a result, labour ...
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When not to heed the headlines

Published: Wed, 16 May 12

David Crosoer, Head of Research at PPS Investments   Concerns about the strength of the global recovery have dominated markets over the past year, with renewed worries about the sustainability of the US economic recovery and the sensitivity of China to a European recession leaving investors uncertain. However, ...
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Proposed amendments to Labour Legislation causing concern for local employers

Published: Wed, 16 May 12

The proposed amendments to the Labour Relations Act (LRA) and the Basic Conditions of Employment Act (BCEA) are causing new controversy, due to potential implications both for employers and employees. This is according to Brian Patterson, Employment Law director at ENS, speaking at the ENS Employment Law Seminar ...
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FSPhub is launched

Published: Tue, 15 May 12

Julius Strydom, CEO of HubIT (Pty) Ltd has informed us that they are embarking on a major rebranding exercise. HubIT is now trading as eFFiciency Hub, which they believe more accurately describes what they are about - online systems which focus primarily on enabling the users of the system to do ...
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More SA professionals considering emigrating - survey

Published: Tue, 15 May 12

Rising concern over issues such as crime, healthcare and education are leading more graduate professionals in South Africa to consider emigrating, according to the latest results from the PPS Graduate Professionals Confidence Index. The quarterly survey, which tracks the confidence levels of nearly 6 000 of ...
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Employee benefits to encourage savings

Published: Tue, 15 May 12

While details around Government’s retirement reform initiative have yet to be finalised, it appears that the debate around the issue is resulting in an increased focus among employers and employees on the need to save for retirement. That is the view of Hugh Hacking, Head of Retirement Fund Solutions ...
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Defining different types of risk

Published: Fri, 11 May 12

                  Dr David Hillson FIRM, HonFAPM, PMI Fellow   People sometimes ask how we should define "strategic risk". First let's consider "strategic risk":   One basic definition of risk is "uncertainty ...
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Economy growing, but challenges remain

Published: Fri, 11 May 12

By Tendani Mantshimuli, consumer economist, Liberty Life   Economic data for the first two months of the year indicate that the South African economy continues to grow, although not as robustly as we would wish it to be. Manufacturing: stronger but not necessarily sustainable Manufacturing output, ...
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Project management is no popularity contest

Published: Wed, 09 May 12

Observing the decision-makers who select an enterprise resource planning (ERP) solution is something of a study of the human condition. From the highs of imagined benefits and anticipated advantages, to the lows of failed expectations and ballooning costs, all the emotions of life can play out. That’s because ...
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From the dark ages to enlightened reporting

Published: Tue, 08 May 12

By Terry Booysen CEO: CGF Research Institute (Pty) Ltd   Modern day company reporting finds its roots as far back as 7500 BC, which is when we believe the first rudimentary form of accounting records and tokens may have been used to track certain business activities. Of course, there are more accurate ...
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Masthead welcomes PPS as product partner

Published: Thu, 03 May 12

Masthead recently welcomed PPS as its newest financial services partner and has thereby grown the range of products that Masthead’s independent financial advisor members can offer their clients. Following the successful results of a due diligence by Masthead, PPS joins Masthead’s 11 other product ...
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Increase in demand for actuaries

Published: Tue, 01 May 12

Increasing legislative requirements could pose a further skills shortage risk   Demand for actuarial skills in South Africa is increasing at a rapid pace, particularly with new legislative compliance requiring a greater actuarial function in insurance companies. While the supply of graduate trainees is probably ...
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Pretium Services Compliance Update – April 2012

Published: Tue, 01 May 12

The April 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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FSB clears up miscommunications in the media concerning the FAIS Regulatory Exams

Published: Thu, 26 Apr 12

In recent media reports there has been some miscommunication with relation to the RE exams. The Financial Services Board would like to clear up these miscommunications in the following manner:   1) All the examination bodies have a combined capacity of 56 000 examinations per month ...
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Masthead appoints new compliance head

Published: Thu, 26 Apr 12

CAPE TOWN – Masthead, South Africa’s largest support organisation for independent financial advisors, has appointed Elana Honiball as the company’s new head of compliance and she assumes the position from 1 May 2012. Currently the Masthead Regional Compliance Manager in Durban, Honibal has ...
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Unit trust industry celebrates R1-trillion in assets under management

Published: Thu, 26 Apr 12

Assets managed by the local Collective Investment Schemes (CIS) industry exceeded the R1-trillion mark for the first time during the first quarter of this year. Peter Dempsey, deputy CEO of the Association for Savings and Investment South Africa (ASISA), says despite experiencing a particularly weak quarter ...
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Intermediaries gear up for annual industry awards

Published: Tue, 24 Apr 12

        Brian van Flymen President of the FIA             One of the most anticipated and prestigious events of the financial services industry’s calendar, the Financial Intermediaries Association of Southern Africa (FIA) Awards ...
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Swiss Re's annual Group Watch report shows positive growth in the UK Employee Benefits sector

Published: Tue, 24 Apr 12

London — In-force group risk premiums rose by 2. 9% in 2011, reversing the negative trend of the past two years according to Group Watch 2012 report, which Swiss Re releases today. In-force sums assured across all product lines increased and there was growth in key areas, most noticeably "flex" and ...
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Retirement funds subject to the Pension Funds Act are often referred to as "non-exempt" funds.
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