Former Momentum financial planner arrested for R4.7 million fraud
The financial services group is aware of another client who fell victim to the former employee’s alleged misconduct.
Momentum
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Life insurers’ claim statistics reflect SA’s high murder rate
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Was the tribunal’s decision on causal event penalties warranted?
In an article about a case in which the High Court in Johannesburg ordered the South African Special Risk Association to pay Blackspear, the judge noted that, despite the complexity of the relevant […]
‘Raids don’t mean all the insurers are guilty’
Conducting raids on the premises of the eight life insurers under investigation by the Competition Commission for alleged collusion and price-fixing did not mean that all of them were guilty, Fin24 reports Commissioner […]
Information from ‘an industry player’ prompted Competition Commission’s investigation into life insurers
Information received “from one of the players in the industry” prompted the Competition Commission to launch its investigation into alleged price fixing by some of the country’s major life insurers. This was all […]
FAIS Ombud refers complaint to FSCA after finding that broker was dishonest
The FAIS Ombud will ask the FSCA to investigate whether a broker, her supervisor and the key individuals of AIK Brokers are fit and proper to act as FSPs after her office found […]
FAIS Ombud refers complaint to FSCA after finding that broker was dishonest
The FAIS Ombud will ask the FSCA to investigate whether a broker, her supervisor and the key individuals of AIK Brokers are fit and proper to act as FSPs after her office found […]
Vaccination works, Momentum’s death claims data shows
Unvaccinated people are significantly more at risk of severe illness and death than those who are fully vaccinated against Covid-19, death claims data from Momentum Life Insurance has shown. Stephen van Niekerk, head […]
Vaccination works, Momentum’s death claims data shows
Unvaccinated people are significantly more at risk of severe illness and death than those who are fully vaccinated against Covid-19, death claims data from Momentum Life Insurance has shown. Stephen van Niekerk, head […]
Household Net Wealth Index study shows that the rich are getting richer
South African households’ real net wealth increased by an estimated R1 009.1 billion (R1.009 trillion) from the onset of the second quarter of 2020 (Q2 2020) to the end of the year (Q4 […]
Momentum’s 2019 Life Insurance claims statistics – Increase of 30% in claims paid
At its 2020 Risk Summit, Momentum Life Insurance shared the latest claims statistics. The 2019 claims pay-outs were the highest to date at R4.6bn. The 2019 pay-outs were made up of R3.3bn in […]
Momentum/UNISA Household Net Wealth Index – South Africans substantially poorer on paper
South African households’ real net wealth declined by a staggering R237 billion in the third quarter of 2019, according to the Momentum/UNISA Household Net Wealth Index. In a CNBC Africa interview, Johann van Tonder, […]
Household Wellness Survey – Financial differences between male and female lead households
The latest Momentum/Unisa Household Financial Wellness Index also analysed statistics about the impact of the Financially Knowledgeable Person (FKP) in the home. In many cases this is a woman. Although they may not […]
Momentum/Unisa Household Financial Wellness Index – Shows roadmap to financial success
The results of the Momentum/Unisa Household Financial Wellness Index show that although the number of financially unwell households increased, they are not quite as ‘financially unwell’ as before. These results, based on a […]
Momentum/Unisa Household Financial Wellness Index – Shows roadmap to financial success
The results of the Momentum/Unisa Household Financial Wellness Index show that although the number of financially unwell households increased, they are not quite as ‘financially unwell’ as before. These results, based on a […]
Momentum/Unisa South African Household Index Q4 2018 – R449.8 billion of household’s net wealth wiped out
The Momentum/Unisa South African Household Index of Q4 2018, found that 6.3% of households’ real net wealth was wiped out over the course of just one year. This is the largest reduction households suffered […]
