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Unit trust industry celebrates R2 trillion in assets under management

09 November 2016 | Association for Savings & Investment SA (ASISA)

The local Collective Investment Schemes (CIS) industry doubled its assets under management to a record R2 trillion at the end of September 2016 in just over four years. At the end of the first quarter 2012 assets breached the R1 trillion mark for the first time.

Protect your family against financial ruin by closing your death and disability cover gap

09 November 2016 | Association for Savings & Investment SA (ASISA)

Every day in South Africa an average of 383 families will lose a loved one while an additional 127 people will suffer a permanent disability. Unfortunately, these tragedies will leave many of the affected households financially destitute given that the majority of South African earners are underinsured by 59%.

FSB warns the public against State Life (Pty) Ltd

08 November 2016 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) would like to warn the public not to conduct financial services business or invest funds with State Life (Pty) Ltd (State Life) and/ or its representative and key individual Mr Thapelo Jacob Macholo (FSB NO: 41897).

The King is dead, long live the King

04 November 2016 | General

On 1 November 2016 the King IV Report on Corporate Governance for South Africa, 2016 was launched. The JSE soon thereafter published proposed amendments to its listings requirements as an update with a view to incorporating certain of the provisions of King IV.

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

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

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