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Short-term industry still battles to reduce complaints

02 June 2015 | Short Term Ombudsman

Hot off the heels of the Annual report of the Office of the Long-Term Ombudsman, the Office of the Short-Term Ombudsman (OSTI) has released its annual report. The key question we need to ask is: are we as an industry working towards Treating Customers Fairly (TCF) principles?

FSB issues a caution on unregulated investment schemes

29 May 2015 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) has received numerous queries relating to KIPI’s registration with the regulator as a Financial Services Provider (FSP) and its legitimacy to provide such services.

FSB comments on Wealth Hub Scheme

28 May 2015 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) has noted with concern the interview that was conducted on Radio 702 with Dr Ngoato Takalo, regarding the Wealth Hub scheme that she is a CEO and director of.

Government backs-down on controversial Amended Code notice for Broad-Based and Employee Ownership Schemes

22 May 2015 | BEE (Black Empowerment)

It seems sanity has prevailed in relation to government’s stance on the treatment of Broad-Based Ownership Schemes and Employee Share Ownership Programmes (ESOP); where government had previously restricted the number of Ownership elements to just three (3) points under the Ownership scorecard, says Mazars East London Managing Partner, Tony Balshaw.

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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