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Regulation has introduced a lot of change into the financial services industry. With this change comes disruption, something that financial advisers are not always comfortable with or happy about.
According to the South African Institute of Professional Accountants (SAIPA), changes to the International Financial Reporting Standards (IFRS) are aimed at avoiding another global financial crisis. This is in response to the backlash against IFRS 17 Insurance Contracts from critics in the insurance industry.
The Fourth Industrial Revolution (4IR) continues to shape our conversations and considerations around how we might need to adapt, or what skills will be needed to sustain the workplace of the future. The 4IR brings with it fast-paced change and a digital shift unlike any other.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?