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7 Financial mistakes for young professionals to avoid

06 March 2014

Upon entering the workplace, many young professionals are faced with the challenge of being responsible for their own financial affairs but have little knowledge on where to start and often make decisions that place their long term financial stability at risk.

Latest SA retrenchment stats calls for careful financial planning

12 February 2014

South Africans facing retrenchment should be extremely cautious in how they approach their finances and should obtain professional advice, as their decisions can impact their ability to survive the financial strain of unemployment or forced early retirement.

“Disappointing” unclaimed benefits development in amended Act

05 February 2014

A leading provider of beneficiary funds has described as “disappointing” a recent amendment to the Pension Funds Act that allows unresolved death benefits older than 24 months to be paid into an unclaimed benefits fund.

Education around longer life spans still necessary in SA society

28 January 2014

Individuals are living much longer compared to 50 years ago. While this milestone is widely celebrated, the personal, societal and economic effects of living longer are often ignored.

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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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