11 August 2016 Archives

What you need to know and how to calculate your FSB Levy for 2016

Posted on 11 Aug 2016

Authorised financial services providers are required to pay a levy to the FSB to cover the cost of the FSB’s supervision and a levy for funding the Office of the FAIS Ombud. Board Notice 81 of 2016 sets out the details of the levies which are payable by 31 October 2016. The FSB would have … Continued

FSP did not do FNA – The FAIS Ombud ordered FSP to pay back the client’s R125K plus interest

Posted on 11 Aug 2016

The complainant is a pensioner who lost R125 000 in Realcor, a failed property syndication, based on the advice provided by her financial advisor. She contacted the FSP after hearing their marketing campaign on the radio. The investment was promoted as ‘safe’ and it guaranteed that there was minimal risk regarding loss of capital as the … Continued

Financial Sector Regulation Bill revised by National Treasury: New documents and draft of Twin Peaks Reform Programme released

Posted on 11 Aug 2016

National Treasury has issued new documents which form part of its financial sector regulatory reform programme. The programme forms part of the financial sector reform strategy for South Africa which was approved by Cabinet. The initial programme was first outlined in the discussion document ‘A safer financial sector to serve South Africa better’, published in … Continued

FSB warns public against false representatives of Alexander Forbes

Posted on 11 Aug 2016

The FSB has warned the public to act with caution if contacted by entities purporting to be acting on behalf of Alexander Forbes, regarding the recovery of unclaimed pension benefits and surplus funds. These entities are tracing members of pension funds who have unclaimed benefits and surplus funds payable to them and are offering to … Continued

MASTHEAD IS

A national supplier of risk management services to independent financial advisors and other licensed financial service providers (FSPs). Established in 2004, we help our clients overcome their risk management challenges so they can grow and thrive in an increasingly regulated industry. Providing professional guidance and practical support, our team of specialists is passionately committed to delivering tangible solutions.

Mastering Compliance Newsletters

11 August 2016

What you need to know and how to calculate your FSB Levy for 2016

FSP did not do FNA – The FAIS Ombud ordered FSP to pay back the client’s R125K plus interest

Financial Sector Regulation Bill revised by National Treasury: New documents and draft of Twin Peaks Reform Programme released

FSB warns public against false representatives of Alexander Forbes

EARN CPD HOURS

Mastering Compliance Newsletters

11 August 2016

What you need to know and how to calculate your FSB Levy for 2016

FSP did not do FNA – The FAIS Ombud ordered FSP to pay back the client’s R125K plus interest

Financial Sector Regulation Bill revised by National Treasury: New documents and draft of Twin Peaks Reform Programme released

FSB warns public against false representatives of Alexander Forbes

EARN CPD HOURS

MASTHEAD IS

Why Masthead?

CONTACT US

+27 21 686 3588

info@masthead.co.za

B-BBEE CERTIFICATE

Read more and view certificate