Impact of COVID-19 on regulator – FSCA announces precautionary measures
The Financial Sector Conduct Authority (FSCA) has announced that it will be taking precautionary measures in the interest of containing the COVID-19 pandemic, to protect their staff, the sector and to support Government efforts. As a result, the FSCA will enable remote working and use technology to facilitate all meetings. All face-to-face engagements with external […]
COVID-19 – Measures Implemented by FAIS Ombud
As a result of the COVID 19 virus, the Office of the FAIS Ombud has also implemented measures to limit the spread of the virus in an effort to protect both employees and external stakeholders. All non-essential face to face meetings have been cancelled and any essential stakeholder engagements have been moved online. In a […]
Money Smart Week South Africa – Postponed
Given the accelerated spread of COVID-19 in South Africa, and in support of government’s decision to stop any public gathering of more than 100 people; the organising committee for Money Smart Week South Africa 2020 (MSWSA 2020) has taken the decision to postpone this event until later this year. “Global Money Week activities have been cancelled […]
CPD – Online courses now key
The spread of the coronavirus led to the closure of schools and universities and the cancellation of face- to-face workshops and seminars. With only 72 days to go, now is the time to embrace online education, for the sake of your health, and others. The Moonstone Business School of Excellence (MBSE) has developed various accredited […]
The real cost of that daily cappuccino – Trust an actuary…
Costa Economou, convenor of the Retirement Matters Committee of the Actuarial Society of South Africa, says that many people do not consider the time it takes to earn the money needed to fund various expenses. “If your employer gave you the choice of working unpaid overtime of four hours a month in return for a […]
The State of our National Savings – Are we saving resilient?
The Investec GIBS Savings Index for SA, started three years ago, has become an important barometer and measure of savings levels in the country. Toward the end of last year, Investec also released a comprehensive report ”Path to Prosperity for SA” – a note that is devoted to stories of transformation and change, stories of […]
Revolutionary new approach to retirement planning – Focussing on the present rather than the future
Researchers at Stellenbosch University have come up with a novel approach in how we tackle retirement provision. It looks at the here and now, rather than make guestimates about an uncertain future. At the same time, it helps you, the adviser, approach the challenge from the client’s perspective, rather than your own, or that of […]
Coronavirus and medical schemes – What are the implications?
“Coronavirus is yet to test the rules of medical schemes,” Michelle David, Director at Norton Rose Fulbright South Africa Inc recently stated in an article where she weighs in on the implications of the coronavirus and medical scheme benefits. “While it has been reported that a virus like COVID-19 would not usually be covered as […]
Reintroducing third party insurance – Welcomed by most insurers
About 70% of the approximately 12 million cars on South Africa’s roads are not insured. Insurers have therefore welcomed the government’s proposal, announced in the recent Budget speech, to make third-party insurance compulsory for all vehicle owners in South Africa. In a recent Business Day article insurance company Naked, an artificial intelligence-driven insurance provider, commented that […]
Money Smart Week – Educating the consumer to become money smart
Money Smart Week South Africa 2020 will take place from 23 to 28 March. In a recent tweet the FSCA asked: “What will you be doing to help improve financial literacy and help build a money smart South Africa? “ Ms Olaotse Matshane, Chief Director Financial Sector Development Unit at National Treasury notes that “when consumers are […]