Thursday, July 24, 2014

The new regulatory legislation and puts tremendous pressure on the smaller broker water table diagr


With the "Insurance Talk" website we would like to take the spotlight on the insurance industry and closer attention not only on specific insurance products in the market, water table diagram but also what it takes to be a professional service to the consumer to deliver!
With this goal in mind, I have decided to include a few experts to talk from the perspective of their specialization. In this discussion I want to start by looking at the small to medium business financial services - and there are few places better to start than in Bloemfontein in the heart of the Free State.
I had this conversation with Theo Oosthuizen, managing director of the company Salvo Capital. Salvo Capital is an authorized Financial Services Provider registered with the Financial Services Board. [FDR NO 8106]. Salvo Capital water table diagram was in both 2008 and 2009 was a finalist in the Best Partyk of the Year Competition hosted by Celestis. [Theo will be remembered by many as a former Free State, Griquas and Springbok rugby player.]
Salvo Capital was established in early 2004., I was not convinced that large companies will retain their independence and it is something I have always considered very important.
The new regulatory legislation and puts tremendous pressure on the smaller broker water table diagram to comply with all relevant legislation and there is also a cost aspect for many smaller brokerages appealing to join a larger water table diagram company.
It is very difficult in the best interest of the client to act as you are limited in the solutions you may offer. water table diagram Brokers in large groups experienced increasing pressure from the group to only those approved solutions used thus their independence increasingly limited.
A certain part of the market will be taken by direct companies, but I think the market is saturated. There will always need specialist advice where customers require guidance and where the broker then the roles. water table diagram
Salvo has a formal training register and everyone in the office has received job training water table diagram but is also obliged to external courses to attend. The marketers have with the new law 60 credits over a period of two years in order to earn his status as adviser retained. The latter is audited by your compliance officer and forwarded to the FSB.
Most important, our practice's customers are segmented and each customer receives service from the segmented model. water table diagram We communicate by direct appointments, water table diagram email, water table diagram SMS and phone calls and all the companies with whom we do business must by law quarterly reports sent to customers by mail or electronically.
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