Payment holidays – Relief proposed on adviser commission
FSCA Communication 19 of 2020 (INS) recognises that the inability to pay premiums as a result of the COVID-19 pandemic may be to the detriment of the policyholder and will have a negative […]
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,
COVID-19 – IRFA calls for support to Food Forward SA initiative
In a recent media release, Enos Ngutshane, the President of the Institute of Retirement Funds Africa (IRFA) strongly encourages members of the industry association and the retirement sector as a whole to support […]
Online learning – The new normal
We have now entered an era where online education is the new norm. Over the last few weeks many of us have been seeking out possible online resources, not just to improve our […]
Investment opportunities amidst COVID-19 risks – GTC Investment Analytics’ view
“With the world at a standstill, many people will be particularly worried about the effect of the virus on their investments, but all is not lost,” says Clive Eggers, head of Investment Analytics […]
Life cover in the time of Corona – Not a “nice to have”
Every dark cloud, as the saying goes, has a silver lining. In the case of Covid-19, this also applies, thanks to some great footwork by the life offices. If there is one thing […]
COVID-19 crisis – Trauma counselling tips and tools to help you cope
The COVID-19 pandemic has led to a persistent flood of information. Amidst the overload of information, everyone is trying to deal with the new way of working, or the “new normal”, as it […]
COVID-19 – Directive to financial institutions on required measures
A Directive, jointly issued by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority(PA), reads: “In order to complement the respective nationwide measures being put in place to contain the spread of […]
SA Lockdown – Impact on short-term claims and premium collection
In one of the case studies discussed in the latest Short-Term Ombudsman Briefcase, readers are reminded of Rule 15.1 of the Policyholder Protection Rules. This states that policies must contain a provision for a […]
Launch of the Intergovernmental Fintech Working Group (IFWG) Innovation Hub
South Africa’s financial regulators have just launched an Intergovernmental Fintech Working Group (IFWG) Innovation Hub in response to changes in the financial sector driven by financial technology (Fintech) and to promote responsible innovation […]
South Africa’s Credit Industry Insights Report – A view of the state of consumer credit
With South Africa in lockdown, many consumers have a lot of questions about their financial well-being and what certain decisions will mean to their future. Questions like “What if I don’t pay my […]
South Africa’s Credit Industry Insights Report – A view of the state of consumer credit
With South Africa in lockdown, many consumers have a lot of questions about their financial well-being and what certain decisions will mean to their future. Questions like “What if I don’t pay my […]
COVID-19 lockdown – Are payment holidays allowed for Medical Aids?
Whilst on the one hand individuals are checking with their medical aids and financial advisers to see if they are covered for COVID-19, other cash strapped ones are concerned about being able to […]
How financial advisors can manage their online image and brand
As a result of information easily being shared in the world of smart phones and social media, it is important that part of a financial adviser’s marketing strategy includes the management of his […]
Working from home – How to make sure your remote team is working
One of the top questions leaders ask these days is how do I manage my staff remotely and keep everyone productive? The default answer to this question seems to search for ways to […]
PCC 48 – FIC provides clarity on Client Due Diligence
Public Compliance Communication 48 (PCC 48), published by the FIC recently, now provides clarity on when a nominated beneficiary will also be regarded as a client, including when Client Due Diligence (CDD) has […]
PCC 46 – Guidance on the commencement and enforcement of the FIC Amendment Act
Last week, the Financial Intelligence Centre published Public Compliance Communication 46 (PCC 46), the result of all comments considered as submitted on draft PCC 109. PCC 46 now confirms the fact that all the […]
Retirement in the time of COVID-19 – How to secure a sustainable income for life
Living annuities has become the product of choice when it comes to retirement for most advisers. The Coronavirus has shattered the myth that there is no place for the guaranteed annuities we have […]
