By Shamaa Sheik The following matter was handed down in the Financial Services Tribunal on 7 September 2020: Tshiqi Zebediela Attorneys (Applicant) and Pension Fund Adjudicator (1st Respondent); Moses Mukhansi (2nd Respondent); Legal Provident Fund (Pty) Ltd (3rd Respondent) – ...
Read More ...By Lee Rossini Although many financial advisors are feeling that they may have come through the worst of the Covid-19 crisis relatively unscathed, now is the time to be most vigilant. Research indicates that, as unlikely as it may seem, ...
Read More ...The UK's Information Commissioner’s Office (ICO) has issued a fine under a law brought in to stop scammers defrauding people out of their pensions. Swansea company CPS Advisory Ltd was fined £130,000 for making more than 100,000 unauthorised direct marketing ...
Read More ...On Tuesday the UK High Court handed down its judgment in the UK's Financial Conduct Authority’s (FCA)’s business interruption insurance test case. The Court found in favour of the arguments advanced for policyholders by the FCA on the majority of ...
Read More ...
By Lee Rossini
Although one of the main objectives of compliance legislation is to protect the best interests of the client, the requirements that must be met by financial advisors are not always ‘client-friendly’. The reason being that meeting the compliance requirements means following the laws, rules, and policies to ...
Read More
By Shamaa Sheik
The following matter was handed down in the Financial Services Tribunal on 7 September 2020:
Fast facts
By Lee Rossini
Although many financial advisors are feeling that they may have come through the worst of the COVID-19 crisis relatively unscathed, now is the time to be most vigilant. Research indicates that, as unlikely as it may seem, during a downturn in the market is when clients are ...
Read MoreOn 14 October 2006, Complainant went to Respondent’s furniture shop, Barnetts at Port Shepstone, Kwa-Zulu Natal. She wanted to buy a small television set and a small stove.
Gumede vs. JD Group (2008) (Credit Life insurance)
CONDUCT OF BUSINESS REPORT FOR THE PERIOD ENDING
By Lee Rossini
Although many financial advisors are feeling that they may have come through the worst of the COVID-19 crisis relatively unscathed, now is the time to be most vigilant. Research indicates that, as unlikely as it may seem, during a downturn in the market is when clients are most likely to make the decision to change their financial advisor. The reasons for doing so are many and varied; clients may feel that their financial advisor failed to monitor and rebalance their portfolio or they did not communicate with them regularly during lockdown. When clients have suffered a major setback, they also sometimes feel the need to make a fresh start by moving to the financial advisor their brother, friend or colleague swears by. Another reason is the need for a second opinion as many clients are asking themselves whether they have received the best advice in the circumstances.
Subscribers are reminded that they can now complete their monthly CPD quizzes and claim CPD hours. For more on accessing the CPD quizzes, please click on the CPD FAQs button on the top bar of the screen.
