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Headline Stories of the Week

General RFI instead of a conduct of business ...

18 Apr 2019 Financial Service Intelligence Watch

Statement from the Financial Sector Conduct Authority (FSCA) to all FSPs BACKGROUND Considering various changes to the regulatory framework in recent years, the Conduct of Business Division developed a FAIS conduct of business report which was aimed at obtaining qualitative ...

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Overcoming resistance to change

18 Apr 2019 Financial Service Intelligence Watch

By Lee Rossini Nothing in life is static for long; change is always taking place around us in different forms and guises. Although we sometimes drive the changes ourselves, often they are imposed on us. New regulations, technologies, client demands, ...

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FST case summary involving Ntimane and Pension Fund ...

17 Apr 2019 Financial Service Intelligence Watch

By Shamaa Sheik The following matter was heard in the Financial Services Tribunal in Pretoria on 27 March 2019: Comet Ntimane (applicant) v Pension Funds Adjudicator (first respondent) and Sentinel Retirement Fund (second respondent) and Busisiwe Gloria Petros (third respondent) ...

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36ONE Asset Management (Pty) Limited fined R350,000 for ...

17 Apr 2019 Financial Service Intelligence Watch

Last week we reported that ​36ONE Asset Management (Pty) Limited had been fined R350,000 by the Financial Sector Conduct Authority (FSCA) for contravening Section 65 (3) of the Collective Investment Schemes Control Act, 45 of 2002. The full Order has ...

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Latest Compliance News

Overcoming resistance to change

By Lee Rossini

Nothing in life is static for long; change is always taking place around us in different forms and guises. Although we sometimes drive the changes ourselves, often they are imposed on us. New regulations, technologies, client demands, competitors; these are some of the reasons why a financial ...

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FST case summary involving Ntimane and Pension Fund Adjudicator and others

By Shamaa Sheik

The following matter was heard in the Financial Services Tribunal in Pretoria on 27 March 2019:

  • Comet Ntimane (applicant) v Pension Funds Adjudicator (first respondent) and Sentinel Retirement Fund (second respondent) and Busisiwe Gloria Petros (third respondent) – case number: PFA 3/2018

Fast facts
Death benefits ...

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Latest Open-Source Library Items
Working Smart

By Lee Rossini

Nothing in life is static for long; change is always taking place around us in different forms and guises. Although we sometimes drive the changes ourselves, often they are imposed on us. New regulations, technologies, client demands, competitors; these are some of the reasons why a financial advice business must constantly update and re-engineer its strategies. While some business owners relish change, others fear and resent it. However, to be an effective business owner or manager, it is essential to recognise when change is desirable or at least inevitable although this does not necessarily mean that employees will feel the same way.  

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