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The treating customers fairly evolution

23 October 2012 | General

As stakeholders in the financial services industry fine tune their operations manuals to accommodate Solvency Assessment and Management (SAM) and the new Binder Regulations (to name a few) the Regulators are already putting the finishing touches on the ne

ASISA teams up with international associations to form a global body

18 October 2012 | Association for Savings & Investment SA (ASISA)

Thirty-one international associations, including the Association for Savings and Investment South Africa (ASISA), established the Global Federation of Insurance Associations (GFIA) in Washington last week. The founding members of the Global Federation rep

Office of the Ombudsman for Short-Term Insurance appoints new independent Chairman

18 October 2012 | Short Term Ombudsman

In order to further ensure the independence of the Ombudsman for Short-Term Insurance, the Board has been increased to include two new independent Directors.

Less advice and lower adviser remuneration on the cards

15 October 2012 | General

On 14 May 2012 National Treasury published a document titled Strengthening Retirement Savings: An Overview of Proposals Announced in the 2012 Budget. The document provides a broad brushstrokes outline of Treasury’s thoughts on reforming the South African

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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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