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ASISA Retirement Savings Cost Disclosure Standard aims to build trust

ASISA Retirement Savings Cost Disclosure Standard aims to build trust

The new ASISA Retirement Savings Cost (RSC) Disclosure Standard, which came into effect on 1 March 2019, aims to build trust in the savings and investment industry through meaningful disclosure. Taryn Hirsch, senior policy consultant at ASISA, in a statement on ASISA’s website said ASISA members are required to submit compliance certificates to ASISA annually certifying that the RSC calculations and disclosures comply in all respects with...

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What will regulation in the UK look like after Brexit?

What will regulation in the UK look like after Brexit?

On 16 May the Bank of England published a speech by Sam Woods, Deputy Governor for Prudential Regulation and Chief Executive Officer, Prudential Regulation Authority, which he presented to the UBS 20th Annual Financial Institutions Conference in Lausanne. Woods spoke about the ‘style’ of regulation the UK should aim for and explored the differences between EU and UK approaches to implementing regulatory rules. He sets out the six principles of...

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FSCA welcomes Cashflow conviction

FSCA welcomes Cashflow conviction

The FSCA has welcomed the successful prosecution and sentencing of Jabulani “Cashflow” Ngcobo and Mzabalazo Welcome Dlamini on several counts of fraud and contravening section 7(1) of the Financial Advisory and Intermediary Services (FAIS) Act. The matter has been heard before the courts since 2014, and the Specialised Commercial Crimes Court in Durban has now sentenced the two to six years, imprisonment – two of which were suspended – and a...

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