industry news
New National Credit Amendment Act – Study highlights n …
Earlier this week, parliament’s Portfolio Committee on Trade and Industry was briefed on the new National Credit Amendment Act. As part of the briefing, parliament received a socio-economic impact assessment study (SEIAS) on how the act will impact banks, government and consumers. The socio-economic impact assessment was conducted by Genesis Analytics. Fin24 reported that the […]
best practice
How often should employers review their umbrella fund provid …
The 2019 Sanlam Benchmark Survey found that one-third of employers using umbrella funds have never reviewed their provider, while less than half of respondents conducted a review of their provider every one to three years. In a recent media release, Nazia Kahlon, Group Savings specialist at Allan Gray, discusses the importance of reviewing an umbrella […]
technologically speaking
Cyber-attacks – Companies face many losses
According to Zamani Ngidi, client manager: cyber solutions at Aon South Africa, as organisations grow their footprint – whether nationally or globally – they are also essentially increasing the likelihood of a cyber breach and also its impact, as the amalgamation and expansion of information technology infrastructure exposes an organisation to more points of entry […]
compliance and legislation
“Rules is rules” – Tribunal confirms time frames i …
Financial advisors are required to clear many hurdles when it comes to regulatory compliance. Those who choose to ignore the rules can find themselves at the wrong end of justice. In the financial services industry it’s definitely not about “rules are there to be broken”. This was clearly borne out by the considerable number of […]
Have your say on the NHI bill
The Portfolio Committee on Health has called on interested individuals and relevant stakeholders to submit written comments as well as indicate interest in making an oral submission on the National Health Insurance Bill [B11 – 2019]. “The objective of the Bill is to achieve universal access to quality health care services in South Africa in […]
South Africa’s leading brands – How do financial service …
WPP and Kantar have published a ranking of the 30 most valuable South African brands. The BrandZ study, which is the only brand valuation ranking to combine company financial data with consumer insight and opinion, reinforces the importance of strong brands. While not immune to difficult circumstances, strong brands are protected from the worst macroeconomic […]
Validity of lapsing of a policy – When does repudiation ap …
An insurer’s obligations concerning the lapsing of a policy was recently the subject of an investigation by the Long-term Ombud, following the repudiation of a claim. “Repudiation involves disputing the validity of a contract and refusing to honour its terms. Repudiation is therefore conduct which shows the clear and explicit intention of the party concerned […]
Understand Financial Crises and gain 8.5 CPD hours
The ultimate objective of the financial advisor is to help clients prepare for the future using the various financial products available. If the financial advisor can minimise the number of traumatic experiences that inevitably occur in the course of the client’s investment journey, it can lead to a stronger client relationship. This task may sometimes […]