Author Archives: AhmodConsulting

As you are aware, COVID-19 is a dangerous virus (“virus”) that is creating havoc all over the world. Our president took a bold step this week when he announced a nationwide shutdown with effect from Thursday, 26/03/2020 at 00:00 (“shutdown”). Aside from the obvious benefit that the shutdown intends to prevent or contain the furtherContinue reading “COVID-19”

In a time when doing what’s best for your client is equally as important as ensuring that you meet all the requirements that you, as an independent intermediary, must meet… the Financial Sector Conduct Authority (FSCA) has provided some much needed relief in respect of premium collection by independent intermediaries. The FSCA released the exemptionContinue reading “Exemption = Relief for independent intermediaries”

In December 2019, the FSCA published a few discussion documents on RDR-related proposals. The documents published are as follows: • RDR Discussion Document on Adviser Categorisation and Related Matters • RDR Second Discussion Document on Investment Related Matters • RDR Discussion Document on a Remuneration Dispensation for Savings and Investment Products for the Low IncomeContinue reading “RDR… December 2019”

The joint application guideline form for a licence to Conduct insurance business in RSA was issued by the PA & FSCA yesterday. The information required by the authorities is quite intense but necessary to empower the authorities when assessing the applications. Contact us today to assist with the completion of the form and compilation ofContinue reading “Insurance Update”

From my last blog, there have been numerous articles in the industry regarding digitisation and what that’s going to mean to specific industry players. One in particular, insurers, are being placed in an exciting position where they are required to step up or… well, there isn’t a real alternative (in my opinion). This journey willContinue reading “Welcome the age of digitisation”

When reading blogs and other articles… a common unsettling theme comes up. People. Why is that people are viewed as being dispensable when they are the backbone of any organisation. Sure, with the advent of AI, people seem to be discarded/ not treated with the respect and dignity they deserve. Why is it that it’sContinue reading “People people people”

The regulatory landscape in the financial sector (financial services industry) is changing at a rapid pace…. well, this change is necessary in an environment where the markets are vulnerable to abuse. The Financial Sector Conduct Authority (FSCA) released the first draft of the Conduct of Financial Institutions Bill (COFI) for comment. There were substantial commentsContinue reading “Changing Financial Sector landscape”