South Africa
Abu Dhabi and S. Africa regulators sign partnership deal
South Africa’s Financial Services Board (FSB) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) have agreed to collaborate more on regulatory matters and facilitate the exchange of information between the countries.
Best Practice | 1 Aug 16
South Africa’s advisers need to adapt to RDR model, says KPMG
Financial advisers in South Africa need to adapt their business models to take into account the Retail Distribution Review (RDR), due to be introduced next year, a senior manager at professional services firm KPMG has said.
South African life insurer Discovery moves into Japan
South Africa’s third largest insurer by market value, Discovery, has teamed up with Japan’s Sumitomo Life Insurance and SoftBank Group to launch life products into Japan, the company has announced.
Best Practice | 20 Jul 16
South African regulator confirms RDR shelved until next year
South African regulator, the Financial Services Board (FSB), has confirmed that the first phase of the upcoming Retail Distribution Review (RDR), due to be implemented this month, has now been postponed until next year.
Best Practice | 20 Jul 16
Existing financial advice ‘unsustainable’, says S.Africa’s FSB
South Africa’s financial advisory market is unsustainable in its current form and urgently needs the introduction of the upcoming Retail Distribution Review (RDR) regulations, according to the country’s financial services regulator, the Financial Services Board (FSB).