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Author Archive | Janine Geldenhuys

Registrar-of-Pension-Funds-Annual-Report

Registrar of Pension Funds Annual Report

What can we learn from the past? The Registrar of Pension Funds 59th Annual Report for the 2017 calendar year was published on 18 December 2018. Besides the industry statistical overview, performance of funds and financial statements, the report covers proposed regulatory changes, litigation matters, unclaimed benefits and the outcomes of on-site visits Amendments to […]

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Twitter

Integrate Twitter into your marketing plan – 5 tips to achieve results

Despite what people think, Twitter continues to maintain its status as a popular social media platform. The latest statistics show that there are 500 million Tweets sent each day, that’s 6  000 Tweets every second. Financial advisers tend to spend the bulk of their focus either on Facebook or LinkedIn. Even though these are incredibly important […]

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POPI

POPI – More regulations published

The Information Regulator in SA published the final Protection of Personal Information (POPI) regulations on 14 December 2018. The purpose of the POPI Act is to ensure all South African institutions conduct themselves in a responsible manner when collecting, processing, storing and sharing another entity’s personal information by holding them accountable should they abuse or compromise personal […]

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analysis

Needs analysis not a tick box exercise

The importance of an in-depth client financial needs analysis is once more highlighted in a FAIS Ombud investigation, ruling and settlement. A financial needs analysis should not just be a tick box exercise; financial advisors should always do an in-depth analysis of the client’s circumstances and financial position before making any recommendation, even when clients […]

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Finance

Behavioural science leads to better returns

Financial Planner of the Year shares tips – Behavioural science leads to better returns In a recent Business Report article, Janet Hugo Financial Planner of the Year, shares how behavioural finance can be used in an efficient and practical manner in the wealth-management process. According to Hugo one of the easiest ways to incorporate investor […]

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Retirement-regulations

How to apply the default regulations by retirement funds

PFA guidance notice no. 8 of 2018 – How to apply the default regulations by retirement funds As a result of several enquiries on the application of the Default Regulations by retirement funds, the FSCA recently released a guidance notice. Background The Minister of Finance issued the Default Regulations with effect from 1 September 2017. The Default […]

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fraudulent-claims

ASISA statistics on fraudulent claims

ASISA statistics on fraudulent claims – Spike in dishonest death claims Although there was a decline in the number of irregular claims the value of the fraudulent and dishonest claims was almost the same as in 2016. South African life insurers foiled a total of 5 026 irregular claims to the value of R1.13 billion in 2017. […]

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annuity-strategies

Unpacking & understanding annuity strategies

New regulations which cover default investment portfolios, default preservation and annuity strategies were recently introduced. In an Asset TV Masterclass, a panel of experts discuss annuity solutions, retirement benefit counselling and regulation 39. On the panel are: ● Vickie Lange, Head of Best Practice, Alexander Forbes Financial Services  ● Katherine Barker, Head Funds at Work, […]

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Retirement-plan

Retirement fund default strategies

Trustees grappling with post-retirement risks According to a recent Moneyweb article, very few retirement funds have implemented default strategies ahead of the March 1, 2019 deadline. According to Barend le Grange, head of individual member support at Sanlam, a lot of funds are leaving the implementation of the default strategies quite late. Viresh Maharaj, chief executive for […]

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