Explore the Category
The Financial Services Board (FSB) released the Retail Distribution Review (RDR) with the intent to protect retail financial services customers, particularly those in the lower-end of the market, by ensuring that they are treated fairly by their financial advisors.
There are fears in the industry, whether rational or irrational, that the Retail Distribution Review (RDR) will usher in the demise of the independent financial adviser (IFA). However, while the industry feels that the Financial Services Board is walking around with a big stick to make sure there is compliance to the world they are creating, some of the changes may prove to be beneficial to the industry.
More than 50 actuaries from various actuarial fields have responded to a call by the Financial Services Board (FSB) for interested actuaries to assist the Retail Distribution Review (RDR) project team appointed to review and assess the comments and proposals received on the RDR paper.
The benefit of South Africa’s late adoption of global regulation is that the local insurance industry can learn from the examples/lessons experienced in international markets.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?