Critical illness: Momentum Life Insurance urges comprehensive coverage planning
Momentum’s 2023 statistics show that 57% of death benefit claims were due to cardiac and cancer events, yet less than 81% of these claimants had critical illness cover.
Author: Moonstone Information Refinery
SCA rules on composition of Financial Services Tribunal panels
Litigation between Trustco and the JSE over the group’s financial statements.
Inseta extends lifeline for Further Education and Training Certificates
Inseta’s decision allows MBSE to continue offering its FETC Short-term Insurance and FETC Wealth Management qualifications.
Economists forecast a repo rate cut in November
The annual inflation rate remained unchanged at 5.2% in May, but it is still some way from the Reserve Bank’s target of 4.5%.
Third opportunity to comment on revised RMCP guidelines
Draft Guidance Note 7A provides further guidance to accountable institutions about their Risk Management and Compliance Programme obligations.
Expect ‘investment opportunities’ punted via social media and messaging apps to be scams
ASISA provides a list of tell-tale signs that someone is trying to defraud you.
Sanlam to acquire majority stake in MultiChoice’s NMS Insurance Services
MultiChoice plans to use the up to R2.7 billion cash proceeds from the transaction for working capital purposes.
Why young South Africans can’t afford to skip insurance
During National Youth Month, Marius Kemp from Santam emphasises the importance of insurance for young people, who often lack emergency savings.
What medical scheme members should know about new financial reporting standards
The change is aimed at making the financial information of insurers more easily comparable across countries and industries.
Second round of consultations on beneficial ownership guidance
The Financial Intelligence Centre has published its responses to the comments it received during the first round of consultations.
Old Mutual’s chief executive is new ASISA chairman
Mahesh Cooper, Allan Gray’s chief operating officer, is appointed as deputy chairman.
No savings pot withdrawal in September if your balance is less than R2 000
The Actuarial Society of South Africa urges retirement fund members to check their benefit statement to see whether they will qualify for a withdrawal.
Boost your financial planning career with MBSE’s triple-accredited postgraduate diploma
Enrolments are open until 1 July for the Postgraduate Diploma in Financial Planning, a qualification designed to elevate careers in holistic financial planning.
Sanlam flags increase in sickness and disability claims among younger policyholders
The group’s 2023 claim statistics also note the steady increase in pay-outs arising from pregnancy complications.
FSCA investigating Finbok trading platform after complaints about refunds
The Authority emphasises that the investigation is not complete, and it has made no findings to date.
Here’s how much SA institutions’ offshore allocations have grown
The SA Reserve Bank is concerned about the liquidity of the country’s financial markets and institutional investors’ exposure to government bonds.
High Court dismisses five-year battle over faulty car due to procedural missteps
An aggrieved purchaser must exhaust the dispute resolution mechanisms outlined in the Consumer Protection Act before approaching the courts.
