South African Labour stats – Sharp rise in unemployment rate
The unemployment rate increased from 27,6% in the first quarter of 2019 to 29,0% in the second quarter of 2019. This is as a result of an increase of 455 000 in the number […]
Behaviour outperforms income in financial well-being measure
The Franc Wealth Index finds that financial planning, emergency savings, and consistent investing are most closely associated with stronger financial outcomes.
Homeowner’s insurance – Beware of wear and tear
In 2018, 58% of complaints considered by the Ombud for Short Term Insurance (OSTI) under homeowner’s insurance related to claims for damage caused by acts of nature. These claims relate primarily to storm […]
Homeowner’s insurance – Beware of wear and tear
In 2018, 58% of complaints considered by the Ombud for Short Term Insurance (OSTI) under homeowner’s insurance related to claims for damage caused by acts of nature. These claims relate primarily to storm […]
Old Mutual Savings and Investment Monitor – Painting a brim picture of South Africans’ money matters
“Tracking trends provides valuable insights into the current and future financial services needs of our customers.” This is one of the objectives of the Old Mutual Savings & Investment Monitor, an annual study […]
Retirement – Guide your client to retire comfortably
Most South Africans can’t afford to retire. The fact is that the majority rely heavily on income from a salary because their pension income is insufficient to support them. According to the 2019 […]
Allan Gray Investment Summit – Why should SA investors fall out of love with Equities
South Africa’s equity market capitalisation equates to more than 200% of the country’s gross domestic product (GDP), the highest proportion in the world and a level that is simply not sustainable. This is […]
Car-jamming – Three ways to keep safe
According to South Africa’s crime statistics, South Africa has a serious car hijacking problem. It was recently reported that a total of 16 325 cars were carjacked between 2017 and 2018 – a minimal […]
Joint Standard on F&P requirements for significant owners – Second round of public consultation
This week the Prudential Authority (PA) and the Financial Sector Conduct Authority (FSCA) jointly published a proposed Joint Standard on fit and proper requirements for significant owners of financial institutions in terms of […]
Retail or market value – Make sure your client understands the T&Cs
Insuring a vehicle can be an easy process. In South Africa we have many options available. We are overwhelmed by advertisements by different brands trying to win over the market. In many cases […]
FSRA Exemption Notice 1 of 2019 (LTIA) – Certain insurers exempted from Rule 19
The FSCA has just released the FSRA Exemption Notice 1 of 2019 (LTIA). According to the notice an insurer that offers assistance policies, funeral policies or micro-insurance policies is exempted, in terms of […]
Four common investment myths – Avoid these costly mistakes
According to Tamryn Lamb, Allan Gray’s head of retail distribution, there are various common beliefs among investors which often lead to making investment mistakes. In a recent press release, Lamb shares what she […]
Four common investment myths – Avoid these costly mistakes
According to Tamryn Lamb, Allan Gray’s head of retail distribution, there are various common beliefs among investors which often lead to making investment mistakes. In a recent press release, Lamb shares what she […]
FPI awards – Winners announced
Last week, Hardi Swart was named the 2019 winner at the Financial Planning Institute’s (FPI) annual awards dinner on Wednesday night. Other awards, presented at the FPI’s gala dinner included the following, amongst […]
FPI awards – Winners announced
Last week, Hardi Swart was named the 2019 winner at the Financial Planning Institute’s (FPI) annual awards dinner on Wednesday night. Other awards, presented at the FPI’s gala dinner included the following, amongst […]
How will a delay in a divorce order affect a member’s retirement fund?
According to the Divorce Act, a member’s pension interest in a retirement fund is regarded as part of the member’s assets. This means that it may be taken into account when determining how […]
How will a delay in a divorce order affect a member’s retirement fund?
According to the Divorce Act, a member’s pension interest in a retirement fund is regarded as part of the member’s assets. This means that it may be taken into account when determining how […]
Levies on financial institutions – Calculators to assist
Last week the FSCA published the 2019 levy notice. With compliments of our colleague Paull Lawrence, here are two levy calculators to establish what your obligation will be: FSP levy calculator Sole Prop […]
