In a recent article, Nomi Bodlani, head of strategic markets at Allan Gray highlighted the dangers of following financial advice on TikTok. Bodlani also cautioned that the phenomenon has opened the door for scammers and fraudsters to manipulate the emotions of users in order to get money. “The big benefit of TikTok is that it […]
The money matters of the super wealthy topped the agenda at the recently held Elite Wealth Conference. The virtual event offered brokers and their clients a fascinating look at the lifestyle of the wealthy through an insurance lens. According to Christelle Colman, MD of Elite Risk Acceptances, a specialist underwriter, COVID-19 has impacted the habits […]
“In anticipation of public hearings on the 2020 Financial Sector Laws Amendment Bill and Pension Funds Amendment Bill, written submissions are sought by 17 May. With public hearings on the Fiscal Responsibility Bill in mind, written submissions are sought by 24 May. This was announced in separate notices issued by the National Assembly’s Standing Committee […]
“A recent decision of the Supreme Court of Appeal, handed down on 13 April 2021, will have a material impact on South Africa’s insurers, requiring them to review their policies,” according to George Herbst, Senior Associate, Insurance Law at Barnard Inc. Attorneys. The case focused on the rejection of an insurance claim on the basis […]
In a recent communication, the Financial Sector Conduct Authority (FSCA) informed the retirement fund industry that it is in the process of finalising the endorsement of (urgent) amendments to rules of funds received during the course of 2020 brought about by Covid-19 pandemic and the related national lockdown. On 26 March 2020, the Authority issued […]
Concerning recent market performance, Philipp Wörz, fund manager at PSG Asset Management, states: “Equity markets continued to show strong positive momentum this quarter. Locally, the JSE All Share Index (ALSI) finally broke through its pre-pandemic record high set in 2018. It has delivered its strongest first quarter performance in 15 years, posting a quarterly total […]
Sustainable investing has grown in strength and appeal, particularly during the pandemic, with many leading think tanks and asset managers suggesting it may finally have “reached its tipping point” – there are, however, some misconceptions surrounding sustainable investing which need busting. According to Jason Liddle, head of distribution at Sanlam Investments, sustainable investing requires that […]
The Momentum Investments & Oxford Risk Noise and Investment Advice Study brought some interesting facts to light on the effect subjectivity has on the advisor as well. With its purpose to detect variation in investment advice, and to understand where it comes from, it investigated questions such as: For the same client, do advisers agree […]
During the COVID-19 pandemic, 74% of U.S. financial advisors who used social media for business initiated new relationships or onboarded new clients, according to the Putnam Investments Social Advisor 2020 Study. The research found that 55% of advisors who initiated new client relationships say they had increased their use of social media during the pandemic. […]
The South African Reserve Bank (SARB) will introduce the Authenticated Collections (AC)/DebiCheck project from 1 May 2021 as part of its modernisation of the national payment system (NPS). According to SARB, this project is a first of its kind that seeks to address the increasing levels of abuse in the debit order payment system, known […]
