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Author Archive | Mark Bechard

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Why Prudential is rebranding as M&G Investments

London-headquartered M&G plc has once again become the majority shareholder in Prudential Investment Managers. As part of Prudential’s reversion to being a subsidiary of M&G, it will be rebranded as M&G Investments before the end of this year. M&G has increased its shareholding in Prudential from 49.99% to 50.12%. In a parallel cash-funded transaction, the […]

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Big jump in risk policy purchases while lapses fall

More South Africans are realising the value of life cover, with purchases of risk policies up significantly in the first six months of this year, while there has been a marked reduction in lapses. However, there has been a decline in individual recurring-premium savings policies. This is according to the Association for Savings and Investment […]

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Threats and opportunities in changing insurance landscape

Threats and opportunities in changing insurance landscape

A dominant theme in this year’s Santam Insurance Barometer is how the rapid adoption of technology is changing the insurance landscape, and insurers and intermediaries need to be aware of the potential opportunities and threats. As Vuyo Rankoe, Santam’s head of Niche Business, notes, the use of technology was increasing before Covid-19, but it has […]

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Online registration portal for losses due to civil unrest

Online registration portal for losses due to civil unrest

The government has launched an online portal for businesses hit by the riots and looting in KwaZulu-Natal and Gauteng to report their losses. National Treasury deputy director-general Ismail Momoniat told the Money Show on Tuesday that the government does not “have a real, comprehensive picture of the number of businesses in the different areas that […]

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Update on Sasria claims

Update on Sasria claims

National Treasury has reiterated that the government will ensure that Sasria can meet its claims obligations. Treasury deputy director-general Ismail Momoniat told the Money Show on Tuesday: “Right from the start, the president himself came out with a statement to say that government will stand behind Sasria. As government, we mean what we’ve said; we […]

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Transgression of employment contract not grounds for debarment

Transgression of employment contract not grounds for debarment

Misconduct in terms of an employer’s code of conduct and governance framework are not necessarily grounds for debarring a representative, the Financial Sector Tribunal ruled this month. In the matter that came before the Tribunal, the applicant appealed against her second debarment by the FSP. The Tribunal set aside the first debarment on the grounds […]

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Do intermediaries still add value

Do intermediaries still add value?

Our main story in last week’s Moonstone Monitor was on what the latest Santam Insurance Barometer has to say about the changing role of intermediaries. Andrew Coutts, Santam’s head of Intermediated Business, emphasised that intermediaries who want to stay relevant will have evolve from a product-centric to a client-centric role as risk advisers. He believes […]

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Are great expectations by HNW investors misplaced

Are great expectations by HNW investors misplaced?

High-net-worth South African investors are hugely optimistic about what their investments will return over the next five years, expecting an average annual return of 15.2% during this period, an increase of 2.5% since last year. This is according to the latest Schroders Global Investor Study (GIS). Local investors’ return expectations are substantially higher than those […]

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Increased public interest in wills

Increased public interest in wills

Santam Trust says it is seeing an increased demand for wills among demographics that, traditionally, have not been interested in estate planning. Its experience confirms the results of a study by Brand Atlas that 44% of economically active South Africans have either amended or created wills in the past 18 months. The study, released in […]

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Rabobank on Chinese clampdown

Rabobank on Chinese clampdown

It’s not surprising that South African investors are concerned about the Communist Party of China’s clampdown on vast swathes of the economy. Thanks to Naspers’s and Prosus’s investments in Tencent, about one-fifth of the JSE’s market capitalisation is in Chinese tech, and it is estimated that an additional one-third of the local market’s capitalisation has […]

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