23 February 2016 Archives

New meaningful Product Cost Comparison Standard to be introduced

Posted on 23 Feb 2016

On 10 February 2016, the Association for Savings and Investment South Africa (ASISA) published a media release informing its members of a new Standard regarding cost disclosures which will have to be adopted from 1 June 2016. From 1 June 2016, all members of the Association for Savings and Investment South Africa (ASISA) will be … Continued

Make sure your clients know what their policy does or does not cover

Posted on 23 Feb 2016

The Ombud for Short-Term Insurance agrees with Budget Insurance as to why they repudiated a client’s claim. A homeowner who wanted to permanently remove his carpets did so by using certain chemicals. He however did not realise that the chemicals created fumes which subsequently caused his household contents to rust and discolour. His household contents … Continued

Reminder – Financial Statements for year ending 31 December 2015 to be submitted to FSB by end of April 2016

Posted on 23 Feb 2016

The FAIS Act prescribes that the financial statements of an authorised financial services provider (FSP) must be submitted to the Registrar no later than four months after the FSP’s financial year end. This is a reminder to all FSPs whose financial year end was 31 December 2015, to ensure that their financial statements are submitted … Continued

What should advisors include in a record of advice?

Posted on 23 Feb 2016

As a financial advisor, keeping a record of advice is a vital part of the job. It’s just as important to keep a record of all your correspondence and communication with clients – not only because it’s a legal requirement, but because it stands your business in good stead in the event of a client … 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

23 February 2016

New meaningful Product Cost Comparison Standard to be introduced

Make sure your clients know what their policy does or does not cover

Reminder – Financial Statements for year ending 31 December 2015 to be submitted to FSB by end of April 2016

What should advisors include in a record of advice?

EARN CPD HOURS

Mastering Compliance Newsletters

23 February 2016

New meaningful Product Cost Comparison Standard to be introduced

Make sure your clients know what their policy does or does not cover

Reminder – Financial Statements for year ending 31 December 2015 to be submitted to FSB by end of April 2016

What should advisors include in a record of advice?

EARN CPD HOURS

MASTHEAD IS

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info@masthead.co.za

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