The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Financial Group House Direct (Pty) Ltd (FGHD) in Kempton Park, Gauteng. Their company registration number is 2017/496837/07; their main focus is freight investment, industrial investment, property investment and forex trading. The entity ...
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The Financial Intelligence Centre (FIC) has released the presentation it delivered to audiences throughout the country during its recent compliance and awareness roadshows.
The presentation include:
On 24 October 2018 a media release from the Financial Sector Conduct Authority (FSCA) was issued, warning the public to exercise caution when dealing with Pieter Davis, an individual who purported to be representing Plus Plan Investment, an authorised financial services provider (FSP 2234). The FSCA acknowledged this week that ...
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By Lee Rossini
Andile heads up the administration department of a financial services provider (an FSP). He receives the application forms from the financial advisers after they have recommended a particular product to a client. He picks up that there is a big delay between the financial advisers seeing the client and the forms reaching his department. As a result, he is receiving a lot of complaints about delays. After a brief discussion with a senior manager, they decide that the financial advisers should attend a time-management training programme the following week in the hope that it will solve the problem. Andile outsources the training to a company that specialises in courses of this nature. The financial advisers attend the course and the evaluations indicate that they enjoyed it and anticipate that the newly acquired skills will assist them to perform their jobs better. Andile anticipates an improvement in their performance, but unfortunately this never happens.
What went wrong and why didn’t Andile get the results he was expecting?
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