Financial health – How to get it back on track
Gross Domestic Product (GDP) results are the worst we have seen in over a century, and a decline of 51% for the second quarter of 2020 underlines just how tough times are. The […]
MediCheck claims win as Discovery Health writes off up to R170m in ATB recoveries
Discovery Health has abandoned recovery action against more than 16 500 members, agreeing to absorb up to R170 million in overpaid ATB claims after sustained pressure from MediCheck,
Retirement funds and emigration – Update on amendments
Towards the end of July 2020, National Treasury published the Draft Taxation Laws Amendment Bill, 2020. One of the proposals relates to an overhaul of the rule for taking retirement funds abroad. In […]
Identity theft – What to do if your identity is stolen
Finding purchases or transactions on your bank statements that you cannot explain? Receiving credit cards or statements for accounts that you never applied for? Denied credit for a purchase, even though your credit […]
RPL – Your pathway to a formal qualification
Did you know that your “on the job training” and years of experience in handling claims can now lead to you obtaining a formal, recognised qualification? Recognition of Prior Learning (RPL) is the […]
Public Protector’s flawed Report – FSCA awarded judgement
The High Court of South Africa provided its judgement on “The Report” of the Public Protector, No. 46 of 2018/19, dated 28 March 2019, last week. This follows a complaint by the Economic […]
Early happy hour while working from home not allowed
It was found that 1 in 3 Americans (32%) are drinking alcohol while working from home during the current COVID-19 lockdown, according to a new study. One wonders what the South African statistics […]
The insured, the uninsured and the not-so-insured
Various statistics in the past years have indicated that millions of passenger cars on South African roads are not insured. A year ago, the Automobile Association reported that only 3 in 10 vehicles […]
Insurance fraud – Broker gets seven year prison sentence
“Following years of delaying tactics by the accused, designed to avoid prosecution, an insurance broker has been sentenced to seven years imprisonment for insurance fraud and related crimes,” the Insurance Crime Bureau (SAICB) recently […]
Investments – Are all money markets equal?
“Money market funds offer a useful parking bay for investors’ cash allocations, allowing you to earn better returns than bank rates with good liquidity. But when it comes to picking money market funds, […]
World Financial Planning Day – Tips to build a lasting legacy
In the spirit of World Financial Planning Day that was celebrated last Wednesday, Noluyolo Betela, client relationship manager at Allan Gray, shared strategies and plans that everyone can put in place to help […]
FSCA publishes various Conduct Standards – Now open for comment
Last week was a busy week at the FSCA office with the publication of four different Conduct Standards. Interested parties are invited to submit comment. ● FSCA Communication 49 of 2020 (RF) Publication […]
Momentum’s 2019 Life Insurance claims statistics – Increase of 30% in claims paid
At its 2020 Risk Summit, Momentum Life Insurance shared the latest claims statistics. The 2019 claims pay-outs were the highest to date at R4.6bn. The 2019 pay-outs were made up of R3.3bn in […]
Annual death claim benefit statistics – Beneficiaries receive almost R17 billion
The 2019 annual death claim benefit statistics for fully underwritten individual life policies, released last week by the Association for Savings and Investment South Africa (ASISA), show that life insurers received 27 547 claims […]
Annual death claim benefit statistics – Beneficiaries receive almost R17 billion
The 2019 annual death claim benefit statistics for fully underwritten individual life policies, released last week by the Association for Savings and Investment South Africa (ASISA), show that life insurers received 27 547 claims […]
Still need to write the RE in 2020? – There is very little time and opportunity left
Failure to complete the compulsory Regulatory Exams by the due date means that you are no longer fit and proper. Your employer has no option but to terminate your employment, either by removing […]
The pros and cons of AI
As South Africa emerges from what is proving to be one of the most stringent of lockdowns globally, advisers are faced with a number of challenges. Technology changes and a contracting economy add […]
The pros and cons of AI
As South Africa emerges from what is proving to be one of the most stringent of lockdowns globally, advisers are faced with a number of challenges. Technology changes and a contracting economy add […]
