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Fundisa education fund awards bonus of R5.4 million in 2015

21 April 2016 | Association for Savings & Investment SA (ASISA)

The Fundisa education unit trust fund distributed a bonus payment of R5.4 million in 2015 to boost the higher-education savings of more than 26 000 beneficiaries from lower-income families by 25%.

Pension fund enforced a defective court order

21 April 2016 | PFA - Pension Fund Adjudicator

A “large and experienced” player in the pension industry should have known better than to have enforced a defective court order, says the Pension Funds Adjudicator.

How to stay on a sound financial footing in tough times

19 April 2016 | Association for Savings & Investment SA (ASISA)

As the cost of living continues to soar, the biggest financial mistake you can make is failing to acknowledge that you might be at risk of becoming over-indebted, says the Association for Savings and Investments of South Africa (ASISA).

Increasing global cooperation in enforcement against corruption raises the stakes for companies and their executives

19 April 2016 | General

• Overwhelming support for enhanced beneficial ownership transparency: 91% globally agree, and 97% for Africa • Corruption levels are persistent: 39% say its widespread in their country • 56% of respondents in Africa believe that their government is willing to prosecute, but does not seem effective in securing convictions • 81% of respondents in Africa say bribery and corruption is an ongoing challenge in their countries • 57% of Africa respondents recognise cybercrime as a risk • Data privacy issues are creating complexity for cyber threat management

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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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