The formation of the GNU sparked a rally in local financial markets. But as storm clouds gather on global equity markets, the long-term outlook remains uncertain.
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On Thursday, we focused on fraud in the funeral cover space. Today we look at how this manifested in Death, Disability, Hospital cash plans and Retrenchment cover space. South African life insurers reported […]
An article published on the My Broadband website shares some rather startling figures on the consequences when hackers manage to gain access to your data. The researchers identified several trends among South African […]
Please bear in mind that the levies for FSPs are calculated based on the KIs/Reps approved/appointed on 31 August. A in the calculation is indicated as being: It is therefore imperative that all […]
According to Moneyweb, the South African Special Risks Insurance Association (Sasria) expects claims related to the unrest in July to amount to R20 billion, with 10% of the amount to be paid out […]
South African life insurers reported a 12% increase in fraudulent and dishonest claims across all lines of risk business in 2020, with a monetary increase of over R50 million. Some of the examples […]
The rather surprising decision by ABSA to close the biggest money market fund in the country had quite an impact on the latest data published by ASISA last week. The local Collective Investment […]
The Financial Sector Conduct Authority (FSCA) has expressed its concern about high premium increases that are being implemented by insurers on funeral policies throughout the industry. While it is aware of the impact […]
Patrick Cairns published an interesting article in Citywire’s weekly roundup based on the latest ASISA statistics as at the end of June. Titled Ninety One overtakes Allan Gray as SA’s largest CIS manager, […]
Last week the Department of Social Development published a green paper on proposed social security and retirement reforms for public comment. And boy, did they get that. Solidarity has threatened with court action […]
Candidates wishing to write Regulatory exams are required to identify themselves by means of a VALID document, including an ID document, a driver’s license or a passport. With the backlog experienced in the […]
The drive to professionalise the financial services industry has brought many regulatory obligations. Keeping track of the myriad of competency requirements are, at best, a nightmare if you are still using outdated methods […]
The drive to professionalise the financial services industry has brought many regulatory obligations. Keeping track of the myriad of competency requirements are, at best, a nightmare if you are still using outdated methods […]
This year, for the first time, it seems likely that medical schemes will announce contribution increases which are in line with recommendations suggested by The Council for Medical Schemes (CMS). This is according […]
The Regulator’s Communication 16 of 2021 (FAIS) provides clarity to stakeholders, FSPs, key individuals and compliance officers regarding the submission of compliance reports, handover reports and irregularity reports for 2021. Compliance Reports and […]
The Regulator’s Communication 16 of 2021 (FAIS) provides clarity to stakeholders, FSPs, key individuals and compliance officers regarding the submission of compliance reports, handover reports and irregularity reports for 2021. Compliance Reports and […]
The massive impact of claims for business interruption resulting from a reportable contagious disease last year, followed by the civil unrest recently, is a sober reminder of our duty to ensure that clients […]
