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Author Archive | Janine Geldenhuys


Retirement – Products need to adjust to stay relevant

The way we live has changed dramatically. This has an impact on the financial services industry as well. This is illustrated in a recent article written by Patrick Cairns in Moneyweb. Cairns rightfully asks the question: “Why save for retirement if you don’t intend to retire?” He questions how financial products being offered to employees […]

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FAIS Ombud Settlements

Learn from compliance mistakes made by FSPs An FSP’s interaction with clients must at all times meet the standards set out in the General Code of Conduct. The FAIS Ombud’s Annual report highlighted a few settlements that particularly challenged the adherence to two such standards. The first settlement relates to Section 7 of the Code that […]

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Fintech triggers regulatory scrutiny in South Africa

In a recent ITNewsAfrica article Dave van Niekerk, Executive Chairman of MyBucks, a Frankfurt-listed fintech with operations in Europe, Africa and Australia, said that fintech is able to take businesses anywhere. “Fintech is largely unmatched in its ability to bridge financing gaps and bring underbanked and excluded segments of the world population into the mainstream […]

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A view from the CEO of Discovery Health

The National Health Insurance Bill and the Medical Schemes Amendment Bill – A view from the CEO of Discovery Health The Department of Health issued the National Health Insurance (NHI) Bill and the Medical Schemes Amendment (MSA) Bill for public comment in June 2018. Dr Jonathan Broomberg, CEO of Discovery Health recently shared his view on […]

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Advisers add confidence to consumers

Financial advisers add confidence to consumers financial situation A recent research study conducted by Columinate, on behalf of Liberty, shows that seventy percent of consumers who use a financial adviser are more confident about their financial situation and believe it will improve significantly over the next five years. The research found that 22% of respondents […]

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Local CIS industry grows investor assets to R2.3 trillion

The Association for Savings and Investment South Africa (ASISA) recently released the Collective Investment Schemes (CIS) industry statistics for the quarter and year ended June 2018. The statistics show that the strong net inflows in the second quarter pushed total net inflows for the 12 months to the end of June 2018 to R96 billion. According to ASISA, investors […]

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Fintech – a catalyst for change in the insurance industry

Digital is the new norm for customers. Big tech companies like Google, Amazon, Facebook, and Apple have paved the way and as a result customers are expecting more from their financial service providers as well. FinTech is therefore disrupting the traditional financial services industry as it provides innovative solutions for convenience, accessibility, and tailored products. […]

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