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We received a fair amount of all kinds of calculations, based on the FSB statistics. One that differed from the rest considered the financial impact on the FSB’s income, should the pass rate reflected in the statistics be applied to the total numbers.
Board Notice 61 of 2012 formalised the final dates by which registered FSPs have to write the regulatory exams, as well as the final dates for those who write, but do not pass by the first date.
A retired financial advisor received quite a shock when he was ordered to refund a client to the tune of R460 000, as well as interest at 15.5% dating back from 2005.
The FSB recently distributed a document entitled “Call for contributions: intermediary services and related remuneration in the insurance sector”. Moonstone’s request for permission to provide input was granted, and we aim to provide the regulator with a
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?