In Personal Finance on 12 March

In Personal Finance on 12 March
March 10 2011 at 03:10pm
By Staff Reporter


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PF

Illustration: Colin Daniel

In further rulings against financial advisers who placed their clients in property syndication scams, the financial advice ombud has questioned the conduct of a number of parties who also had a role to play in promoting these bad investments. The ombud has referred to the relevant bodies three rulings she issued this week that highlight the unprofessional conduct of lawyers, auditors and property valuators.


This Saturday, Personal Finance reports on these rulings and how they focus attention on a major loophole in the law that governs the licensing of financial service providers – a loophole that is being exploited to the detriment of you, the consumer.


Also in this Saturday’s edition:

* Progress in plans to ensure that financial services companies treat you fairly.

* Fund members could be the losers as an administrator attempts to rebuild retirement fund records that are in disarray.


Personal Finance is published every Saturday in the Pretoria News Weekend, the Saturday Star, The Independent on Saturday and the Weekend Argus.