Africa
South Africa sets out commission ban under RDR
South African regulator, the Financial Services Board (FSB), has revealed details on how it will implement a cap on commission payments as part of the country’s Retail Distribution Review (RDR).
Optimus launches offshore pension fund for South Africans
Isle of Man-based pension provider Optimus has launched a new offshore retirement fund aimed at wealthy South Africans.
South African IFA firm to expand adviser training school
Cape Town-headquartered IFA firm Carrick Wealth is expanding its flagship Invictus programme, a training academy launched earlier this year aimed at the company’s would-be advisers.
South Africa considering tax changes to offshore pension funds
South African tax authorities may clamp down on the way overseas pension products are taxed, according to Martin Hall, director of Isle of Man-based Optimus.
Sanlam increases stakes in two Indian insurance companies
South African financial services group, Sanlam has acquired bigger stakes in two Indian insurance companies, following recent regulatory changes that allow up to 49% foreign shareholding in insurance companies in the country.