Over the years, many industry stalwarts have sung the praises of the industry and the fact that the Financial Services Board (FSB) is putting its best foot forward when it comes to professionalising the industry. The industry is indeed a far cry from what it was ten years ago when it comes to professionalism, and it seems like this will change even further when a new wave of regulatory reform reaches the industry’s shores in 2018.

July is savings month. Adopting this label was government’s attempt to highlight the importance of savings and to try and create a savings culture in a country that is not famous for it. The reality is that it is a hard knock life for people who want to save, the economy is experiencing turbulent times and political actions/decisions are placing South Africa in mortal danger of yet another credit downgrade at the end of the year.