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OSTI: Dennis Jooste will be leaving the organisation in February 2016

12 October 2015 | Short Term Ombudsman

The Board of The Ombudsman for Short-Term Insurance announced today that Dennis Jooste will be leaving the organisation when his term of office expires at the end of February 2016.

Acting in a manner that benefits the client

08 October 2015 | PFA - Pension Fund Adjudicator

We often hear and read about determinations handed down by the various Ombudsmen and are at times tempted to ask what type of standing do these determinations have? Do the Ombudsmen have the necessary teeth to enforce a determination?

FSB takes regulation to the people

05 October 2015 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board will be in Soweto in October as part of its effort to take its regulatory functions to the public.

Compliance is the new tax planning

05 October 2015 | General

If your tax advisors are still in the business of finding loopholes to lighten your tax load, your tax planning tactics are out of date. SARS has spent the last two decades and vast resources closing down tax schemes and structures that companies and individuals were using to minimise their tax burden. A more cost-effective tactic that SARS adopted in combating tax evasion was to lower the effective tax rate to a rate acceptable to the taxpayer, at the same time increasing the penalties for misbehaviour.

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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