Explore the Category

Retail Distribution Review in the UK – not everyone has won

06 August 2015

The Financial Services Board (FSB) is set to adopt a Retail Distribution Review (RDR) – based on the RDR model implemented in the UK – in South Africa to regulate financial advisers and to ensure that customers receive fair outcomes. In the UK, RDR has transformed the adviser market since it was introduced in January 2013, but not everyone has won, Nucleus UK CEO David Ferguson said last week.

The new BBBEE accounting charter - and what it means for the financial sector

06 August 2015

The new BBBEE Chartered Accounting (CA) charter is much more than a mere tick box exercise; it illustrates an industry rising to the challenge of transformation, while keeping in mind the need to retain the world-leading reputation of the sector.

Don’t play Cat (2) and mouse

08 July 2015

The sheer quantity of compliance requirements for Category 2 FSPs can make it tempting for firms to play cat and mouse with the Regulator. But this is a dangerous game as the Financial Services Board makes regular announced site inspections to assess the state of compliance within these FSPs.

Regulation is guiding us

06 July 2015

FAnews recently attended the 2015 Financial Planning Institutes (FPI) annual conference where the main theme of the conference was the changing world of the financial planner and how planners can embrace these changes.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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