ARTICLES RELATING TO FINANCIAL SERVICES BOARD

Financial Planning Institute CEO placed on special leave amid exam probe

2018-06-20 15:55

This comes after financial market watchdog the Financial Services Conduct Authority said it would investigate the institute's examination body and stopped it from conducting exams.

Unions to demand disclosure of Steinhoff info at Stellenbosch HQ

2018-01-18 16:12

The Public Servants Association and the Federation of Unions of South Africa are demanding to inspect Steinhoff’s financial and administrative information in terms of the Companies Act.

Avbob fined for violating FSB policy rules

2017-12-05 11:32

The Financial Services Board has imposed a penalty of R100 000 on Avbob after it was found that the funeral insurance provider violated policy holder protection rules.

Financial Services Board may seek foreign help in Gupta probe

2017-11-08 07:01

The FSB has said it has started a formal investigation into trades in Oakbay Resources and Energy, a company controlled by the Guptas, and may seek assistance from international supervisory bodies.

FSB probes unusual forex trades on Gordhan recall

2017-05-05 07:38

The Financial Services Board has confirmed it is probing unusual trading in foreign exchange futures contracts that spiked at the time of former finance minister Pravin Gordhan’s recall from London in March.

FSB fines Lombard Life

2017-02-20 18:54

The Registrar of Long-term Insurance has referred a case against Lombard Life to the Enforcement Committee of the Financial Services Board.

Fat fines for Discovery Life, Regal

2016-10-20 19:34

The Financial Services Board has fined Discovery Life and Regal Financial Services R2.5m and R200 000 respectively in a matter related to “sign-on bonuses”.

FSB warns public over unregistered financial services firm

2016-07-15 16:02

The Financial Services Board has issued a warning regarding doing business with an unauthorised financial services firm.

FSB defends paying attractive salaries to retain talent

2016-04-13 13:44

The Financial Services Board has defended paying high salaries to its management to ensure talent retention as the DA lambasts it for not being in line with other regulators.

Discovery: Incentive was reward for fewer claims

2015-11-13 11:34

Discovery Insure says its promotion to Gautrain users for which it was fined R100 000 was a way to reward clients for costing the short-term insurer less in claims.

 

Watchdog probing irregularities in financial planning exams

2018-06-19 07:47

The Financial Services Conduct Authority is investigating allegations of irregularities in regulatory examinations of the Financial Planning Institute.

Steinhoff meltdown keeps going

2018-01-14 06:00

A European investors’ group has recruited a ‘considerable’ number of shareholders locally and abroad in preparation for a class action.

Township exchange an edge closer

2017-11-19 06:07

The fifth prospective stock exchange in the country, the South African Financial Exchange, is a step closer to opening its doors for business after it got the thumbs up from the Financial Services Board.

If you fall behind on maintenance payments your payments may be at risk

2017-05-26 10:23

One of the main benefits of a retirement fund is that your investment is protected from creditors, that is, unless you fall behind on your maintenance payments.

Class and race can impair financial literacy

2017-04-09 08:57

A report commissioned by the Financial Services Board has revealed that black and coloured people pay little regard to personal finance and household budget controls.

Twin Peaks: Another government-induced calamity. Why fix what isn’t broke? – analyst

2016-12-09 11:53

Parliament is well advised to reject the current Twin Peaks bill and demand that it be properly done before yet another government-induced calamity happens, says an expert.

Chris Hattingh: Twin peaks; twin fallacies – a conservative R4.8bn yearly cost

2016-07-26 07:13

Free Market Foundation’s Chris Hattingh believes 'Twin Peaks' is more of a ‘Twin Fallacy'. A conservative cost estimate of the bill is R4.8bn per year.

Open letter to Gordhan: Reputations at stake – SARS, FSB need your attention

2016-05-12 10:20

The two stars in South Africa’s financial firmament - Sars and the FSB - need some attention as there are issues which could tarnish their reputation, says an analyst.

Allan Greenblo: A loud FSB silence – Annual Report oddities.

2016-02-11 00:14

Allan Greenblo looks at the potential reasons and scenarios as to why the FSB annual report hasn't been made public.

Assessing our financial literacy

2015-10-15 15:00

Proper financial education provides people with an understanding of how to achieve favourable financial outcomes. finweek explores challenges, opportunities and excuses prevalent in SA.

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