Renew PI cover
FSPs are reminded to check the status of their Professional Indemnity (PI) cover and to renew same if required. Failure to renew PI cover on time will result in a gap in cover which can cause the FSP to face the risk that any losses which occur during this period (prior to the renewal of the PI cover) could be rejected by the insurer. In addition, an FSP that does not have the required PI cover in place will be in breach of the FAIS requirements and could face regulatory action.
The CPD deadline clock is ticking
FSPs, KIs and Reps are reminded that the deadline to comply with the required number of CPD hours is 31 May 2022. Masthead offers access to various individually accredited CPD activities or an easy solution in the form of an ‘all-access’ online CPD package, where you can select unlimited CPD online activities to manage your unique CPD journey and add these to your own CPD training plan.
For more information, please get in touch with Masthead by emailing info@masthead.co.za or contact your Compliance Officer.