Ombud told to revisit ruling on cancelled life policy
Ombud told to revisit ruling on cancelled life policy

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Investment Indicators | 11 November 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
Corporate taxpayers sceptical of SARS’s service delivery gains
Dispute over cancelled policy: FST orders FAIS Ombud to reconsider decision
Pension Funds Act amendments spark uncertainty over divorce and maintenance deductions
In the news
Still time to book for webinar on FICA compliance in the agricultural sector
Auto & General’s Knysna fires advert is not offensive, says ARB
Tax Ombud flags SARS delays in meeting resolution deadlines
Is the FSCA preparing for auto-enrolment to expand retirement coverage?
Temporary RE exemption for crypto FSPs extended
Moonstone Update
Regulatory Examinations
Download the latest RE Prep Guide here. Please ensure you download this version to use in your preparation, together with your study material. Please study the tasks, criteria and legislation referenced in the guide.
RE preparation videos
Schedules for 2024
WARNING: Beware of fraudulent operators pretending that they work for or with Moonstone.
Careers Platform
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Industry positions
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ADVERTORIAL
GTC banner 2023-10-02

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Are your members using Two-pot responsibly? A GTC perspective on the matter.

Are your members knowledgeable about the impact of their Two-pot decision?

Are you on top of your clients’ claims and payouts. What members are saying about

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RATES REVIEW
Secured Investment Rate
Please note that (G) indicates a Guaranteed and (L) a Linked product. In order to understand the difference between guaranteed and linked rates, kindly click here for an explanation.
R1 000 000 (3% commission)
Company This week Last week
1Life (L) 6.150% 6.240%
Clientele (G) 6.105% 6.189%
Discovery (G) 5.852% 5.902%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.540% 6.630%
Clientele (G) 6.425% 6.509%
Discovery (G) 6.239% 6.289%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 8.75% 8.79%
Nedbank 8.36% 8.38%
Symmetry 8.35% 8.40%
Please bear in mind that our figures, though based on the actual quotations that you also use, are for information purposes only, and can never replace the official quotation from the product house. In terms of the guarantees, you are requested to clarify the exact extent of such guarantees with the product house prior to advising clients.
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TOP STORIES
Corporate taxpayers sceptical of SARS’s service delivery gains
Half of corporate taxpayers in PwC’s latest survey express dissatisfaction with SARS’s service improvements. Only 3% report a positive shift, while audit delays and penalty disputes remain a major pain point.
Top story read button
Dispute over cancelled policy: FST orders FAIS Ombud to reconsider decision
The Tribunal’s decision underscores that financial advisers’ duties are limited to the specific terms of their engagement.
Top story read button
Pension Funds Act amendments spark uncertainty over divorce and maintenance deductions
There is a legal grey area over the calculation of pension interest in divorce settlements and whether funds may now be permitted to make deductions for future maintenance orders.
Top story read button
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FICA banner
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IN THE NEWS
Still time to book for webinar on FICA compliance in the agricultural sector
If you’re in the agricultural sector and deal in high-value goods, you may be subject to FICA. Moonstone Compliance’s free webinar will unpack what compliance entails.
Itn read button
Auto & General’s Knysna fires advert is not offensive, says ARB
Insurance advertising often addresses personal experiences of loss and hardship, so they are likely to trigger strong emotional responses, the Board says.
Top story read button
Tax Ombud flags SARS delays in meeting resolution deadlines
The Tax Ombud’s 2023/24 report highlights delays in SARS meeting resolution deadlines, an increase in complaints, and a concerning rise in eFiling profile hijacking.
In the news 3 read button
Is the FSCA preparing for auto-enrolment to expand retirement coverage?
After years of stalled progress, the FSCA’s recent comments suggest National Treasury may renew its push for auto-enrolment.
In the news 4 read button
Temporary RE exemption for crypto FSPs extended
The Authority gives crypto asset service providers a seven-month reprieve.
In the news 5 read button
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F & P - Gold - 4 Export-live-chat
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MOONSTONE UPDATE 4 TO 7 NOVEMBER 2024
Funeral insurance regulations to be revamped
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2024-11-08

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Risk and Compliance Officer: FinGlobal Migration Pty Ltd, Hermanus, Western Cape, South Africa. This permanent role offers a competitive salary, 21 leave days, and comprehensive benefits, including group life, pension, and medical insurance.
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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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