The crown of peace
A closer look at the background to non-disclosures The “Momentum debacle”, as it became known in the media, has certainly drawn a lot of public and media comment and interest. Many a commentator […]
Funeral insurance Bill moves to Parliament, but questions persist
The proposed reforms could require significant operational changes for insurers, but industry experts believe they address only part of the problem.
Machine-learning algorithm beats 20 lawyers in NDA legal analysis
LegalBrief recently shared a Techspot article that reported that while most of the jobs that get displaced by computers require little or no education, even highly-educated positions could be replaced by automation: “A […]
Tips for your clients (and you) – Four mistakes to avoid when in an accident
With the annual festive season around the corner and the formalities of year end functions and holiday travel that’s about to start it’s a good time to chat about precautionary measures with our […]
Behaviour change study on physical activity – Incentives do play a role
A recent study showed unique insights into how incentives drive sustained behaviour change. According to the results of a ground-breaking new health behaviour study by RAND Europe, a leading independent research institute, financial […]
NHI Bill Update – will it reach Parliament as scheduled?
“Critics will do anything to stop NHI Bill, says Health Ministry” “Call to stop ‘substantively amended’ NHI Bill” “Party to seek legal advice on NHI rush job” These headlines are just a few […]
Intersection between human rights and business
Hobson’s Choice – The growing intersection between human rights and business stemming from the Momentum case Momentum’s initial refusal to pay out Mr Nathan Ganas’ life insurance policy to his widow (due to […]
Draft Conduct Standard for default living annuity options
The Financial Sector Conduct Authority (FSCA) has released a draft conduct standard proposing new maximum drawdown rates determined by age band and gender for default annuities or monthly pensions offered by funds. The […]
The state of the South African retirement crisis
A guaranteed income for life and leaving money for children and grandchildren are the most important needs for South Africans when reaching retirement. This is according to Just Retirement Insights, independent research commissioned […]
Virtual meetings – they make business sense
The number of devices connected to the Internet worldwide is increasing exponentially. Eighty percent of these are mobile devices. In South Africa, PricewaterhouseCoopers estimates that 77.8% of local consumers will have Internet access […]
NHI – Treasury announces ‘substantial’ progress
The South African National Treasury announced on Friday that it has made “substantial” progress on the national health insurance (NHI) Bill consultation in key areas and have reached agreement on most of the […]
Always obtain and capture all the client information
FAIS Ombud Settlement – Always obtain and capture all the client information One of the settlements discussed in the latest FAIS Ombud Annual report also puts the emphasis on the disclosure of client […]
Non-disclosure drama
Non-disclosure drama – Tips on the broker’s role to ensure a better outcome at claim stage In the midst of a raging social media war, journalists writing about the pros and cons of […]
Automated financial advice – South Africans show some appetite
South Africans are amenable to using automated financial advice and are prepared to pay for it. This is one of the conclusions of Deloitte’s Automation of Financial Advice report. The main objective of […]
CIS industry stats – Investors undeterred by volatility
The Association for Savings and Investment South Africa (ASISA) recently released the Collective Investment Schemes (CIS) industry statistics for the third quarter ending September 2018. Besides the stock market volatility, a troubled economy and […]
Services under Supervision Proposals
This is the time of year when a vitamin B jab becomes obligatory if you want to make it to the festive season. To make matters worse, the burden of budgeting for 2019 […]
Medical Schemes Amendment Bill – How it might impact premiums
Medical Schemes Amendment Bill – How it might impact premiums Under the heading, Bill ups medical scheme costs for over-34s, Legalbrief Today recently reported as follows: “Medical scheme premiums may increase by more […]
Non-compliance with FICA
Non-compliance with FICA – Failure to implement proper processes leads to fine The Prudential Authority (PA) has imposed administrative sanctions on the Johannesburg branch of HSBC Bank for non-compliance with aspects of the […]
