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In the article Avoiding the Problems that RDR will Cause the Independent Adviser, published by fanews.co.za on 9 June 2014, Michael Blain – then MD of Altrisk – shared his views on the likely outcomes and consequences of the Retail Distribution Review (RDR), with specific reference to remuneration models for independent financial advisers (IFAs).
South Africa has struggled to recover its growth momentum ever since the economic crisis in 2009. It has been five years and the economy continues to stutter, as it stumbles from one crisis to another, says Raimund Snyders, CEO at Mutual & Federal.
The insurance industry did not fair very well in the recent 2014 Edelman Trust Barometer, which is an annual survey that measures trust across various sectors. Overall, the industry performs very well in that good financial advice is provided, the products are solid, the claims are processed and paid timeously and customer service is excellent.
South African hedge fund managers can soon look forward to operating in a fully regulated industry in 2014, but with this regulation comes good news and bad news.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?