STATUTORY DISCLOSURE AND INTRODUCTION
RI Financial Management Services (PTY) Ltd is a licensed financial services provider (FSP).
The FSP is licensed in the following as a Category I, FSP:
| Category Description | Type of product | Plain language |
| Long-Term Insurance subcategory A | Assistance Policy | Life Policy with a limited cover amount |
| Short-Term Insurance Personal Lines | Personal Short-Term Insurance | Personal property and other |
| Long-Term Insurance subcategory B1 | Life Risk Policy | Life, Disability, Sickness & other |
| Long-term insurance subcategory B2 | Fund Policy | |
| Long-term Insurance subcategory B2-A | Sinking Fund Policy | Saving for a specific dept |
| Long-term Insurance subcategory B1-A | Life Investment Policy | Insurance Policy with an Investment element |
| Short-term Insurance Personal Lines A1 | Liability Policy | Insurance to protect you from claims against you from injury or damages of other people. |
| Long-Term Insurance subcategory C | Long-Term Reinsurance Policy | |
| Retail Pension Benefits | Retirement Annuity & Preservation Funds | Products to save for your retirement |
| Short-Term Insurance Commercial Lines | Business Short-Term Insurance | Business property and other |
| Pension Funds Benefits | Employee Benefits | Retirement scheme from your employer |
| Participatory interests in a collective investment scheme | Unit Trust and related | Investments |
Compliance officer - Outsourced - Infinitus Risk Management Services (PTY)Ltd (Erika Botha)
No product supplier or investment company hold any shares in the FSP nor is the FSP associated with any such institution.
The FSP is remunerated by way of commission and fees payable by product providers and companies as set out in the quotation provided to clients.
The FSP has not received more than 30% of the remuneration in the past financial year from any one product provider.
The FSP also charges fees for services and advice rendered.
Treating Customers Fairly (TCF)
TCF is a set of principles introduced by the FSCA to aid and underpin existing financial services legislation aimed at the protection of consumer and clients. The FSP values its relationship with its clients and acknowledges that without any clients it would not have a business. The TCF principles are embedded in the culture of the FSP and its continuously strives to enhance the quality of its service offering to clients and through its interaction with contracted product suppliers.
The TCF principles are the following:
| * The fair treatment of clients are central to the culture | * The products marketed are selected to meet the needs of the client |
| * Clients are provided with clear information before, during and after a sale | * Advice provided will take into account the clients circumstances and thus be suitable to your needs. |
| * We will strive to provide and manage your expectation of a product / performance as we advised you | * Clients should not face unreasonable post-sale barriers imposed by the FSP or product provider |
Financial Intelligence Centre Act (FICA)
The FSP is registered as an accountable institution with the Financial Intelligence Centre and shall be obliged to record and verify client information in the manner prescribed by FIC. The FSP is also required to report unusual and suspicious financial activities where so, obliged by FIC.