Inquiries into insolvent Classic Financial Services unearth assets
The administration process of the insolvent estate of Classic Financial Services has yielded ‘numerous assets’, providing a glimmer of hope for creditors.
What a weekly workout can teach us about retirement
Exercising regularly is only the starting point for Discovery’s argument that everyday behaviours can have a lasting effect on earnings, debt, and retirement security.
What consumers should know about vehicle repossessions
The Ombudsman for Banking Services sets out the legal position regarding prescription, repossession, and a voluntary surrender.
Health app introduces three firsts to the South African medical scheme industry
Discovery launches funded internet-based Cognitive Behavioural Therapy and telehealth services to address the alarming surge in depression.
Medical schemes that grew their membership by 5% or more in 2022
Preliminary data released by the Council for Medical Schemes highlights key trends in the industry last year.
Why business interruption insurance is a must in today’s turbulent world
Aon South Africa weighs in on why having BI insurance – and the services of a professional broker – is crucial for an organisation’s long-term survival.
Looming global confidence crisis: re-affirm your risk budget
Trends observed during four recent geopolitical events sheds light on how the Israel-Hamas War will impact economies, financial markets, and central banks.
Loadshedding takes centre stage in SA’s risk landscape
Loadshedding has surged to the forefront of insurance concerns, eclipsing traditional threats such as fire and theft, according to Santam’s 2023 Insurance Barometer.
FSCA to verify information about the significant owners of FSPs, CIS managers
The fingerprints of affected individuals may be taken to check information such as their qualifications and criminal records.
Discovery versus RAF: more litigation looms
The Fund explains why it believes it is not in contempt of court.
Unravelling the tax challenges of implementing IFRS 17 in the insurance industry
Corporate tax experts Yacoob Jaffar and Shaficque Narker unpack some of their observations of the practical implementation challenges.
FIC issues guide on the definition of a ‘legal practitioner’
Public Compliance Communication 47A also provides examples of money laundering and terrorist financing risk indicators for legal practitioners.
Pension Funds Adjudicator proposes 35% increase in levy for 2024/25
The Minister of Finance will have to submit the increase to Parliament for approval because it exceeds the Consumer Price Index.
Adjudicator questions compulsory membership of private security sector fund
The Pension Funds Adjudicator also says the conduct of retirement fund administrators during a transfer of administration should be regulated.
The lowdown on living annuity income payments to foreign bank accounts
Whether living annuity income can be paid into your foreign bank account will depend on your tax residency, the Sarb and Sars requirements, and your insurer’s processing procedures.
Top trends in the changing role of the modern insurance broker
Santam’s 2023 Insurance Barometer discloses how brokers are adapting and adding value through robust risk management strategies.
Discovery wins in dispute with RAF over medical scheme members’ claims
Constitutional Court refuses to grant the Fund leave to appeal against a judgment declaring its directive unlawful.
Life insurance industry stages a remarkable comeback
Life insurance companies have defied the odds, bouncing back with impressive results in 2022, KPMG’s South African Insurance Industry Survey 2023 finds.
