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The science fiction industry is a multi-billion dollar industry that has captivated the minds of billions of people. Its influence is so great that it has sparked the invention of certain technology that we see today, and has developed a subculture dedicated to believing that science fiction is real.
Over the past few years, the Financial Services Board (FSB) embarked on a crusade to introduce new pieces of legislation into the financial services industry. While this has been met with some opposition, with many questioning the true motives behind the FSB’s intentions, we need to be open and honest and look beyond the legislation and towards what the FSB hopes to achieve by its introduction.
The purpose of regulation is to provide an industry with a framework so that it has clearly defined guidelines in terms of acceptable business practices and treating customers in a manner whereby they are not taken advantage of.
Knowledge is power. Having an educated view when it comes to saving and financial planning presents many benefits as it not only prevents households from falling on hard times, but it also allows families to plan into the future towards providing education for their children and aspiring towards a happy, comfortable retirement.