Tag - Financial Services Board

The high cost of insuring your loan

Despite an investigation into the rates charged by credit providers for insurance, borrowers are still paying high rates for their credit insurance. If you were stuck for cash and needed to borrow R5 000 which you would pay back over just four months, how much do you think you would pay for that loan? Well if you are a high-risk client (ie, a low...

The death of the independent adviser

Despite assurances to the contrary, the recommendations contained in the Retail Distribution Review (RDR) released by the Financial Services Board will make it more challenging for a financial adviser to operate as an independent. As the recommendations stand, many so-called independent practitioners may need to rebrand themselves as multi-tied...