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A highly regulated financial services environment will drive professionalism

20 September 2012

The Financial Advisory and Intermediary Services (FAIS) Act has increased tenfold the administration burden on financial advisory businesses. In order to offer financial advice in 21st Century South Africa you must have a comprehensive compliance and risk

Regulatory changes and economic conditions pose challenges for South Africa’s asset management industry

11 September 2012

South Africa’s asset management industry is facing a raft of regulatory changes largely associated with local pension fund reforms and enhanced investor protection as driven by global developments, according to a report issued by professional services fir

Do the right thing while doing things right

20 August 2012

The South African financial services industry has become increasingly complex since the introduction of the Financial Advisory and Intermediary Services (FAIS) Act. As financial advisers come to terms with the Act and its various Codes, the country’s prod

Goliath versus Goliath… Can the High Court pin the FAIS Ombud?

08 August 2012

In November 2011 I wrote a newsletter titled: The elephant in the financial advice space. I suggested that Sharemax was the proverbial “elephant in the room” as far as South Africa’s broker community was concerned. Best estimates are that some 40000 South

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results