‘The free lunch from guarantees may come at a hefty cost’
Investors should remember that the price of the guarantee is not only in the return they lock in, but also in the future returns they give up by being out of equity markets.
Guarantees
Why policyholders complained to the short-term ombudsman in 2023
‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
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FSCA extends professional indemnity and fidelity insurance exemptions
The FSCA last week published two notices relating to the guarantee, professional indemnity (PI) and fidelity insurance (FI) exemptions granted to certain types of FSPs. The FSCA has once again extended, to 31 […]
FedGroup Views on Guarantees
By John Field, CEO FedGroup The recent crisis enveloping African Bank brings to mind the 2002 banking crisis that crippled Saambou – similarly hobbled by risky micro-lending practices. Despite African Bank performing well […]
