Policies subject to underwriting had the highest payout rates in 2024, reflecting lower fraud and non-disclosure and the value of comprehensive risk assessment.
The FSB proposes to implement the RDR proposals in three broad phases: Phase 1: Changes to be effected within the existing regulatory framework, using existing subordinate legislative and administrative powers. These changes will […]
The FAIS Ombud’s annual report contains a list of trends picked up during the course of the year. The golden thread which runs through all of these, concerns insufficient disclosure across all sectors […]
Padova, where the Springboks play Italy over the weekend is apparently a beautiful city, boasting the largest square in Europe, the Prato della Valle. Hopefully, the South Africans will not approach the match […]
The role of the African National Congress (ANC) in the labour movement’s disintegration remains something of a mystery. While it is not clear what role the ruling party and the South African Communist […]
Contrary to what many appear to think, the Retail Distribution Review is not about abolishing commission and forcing brokers to negotiate fees directly with clients. It is in fact a far wider process […]
The FSB proposes to implement the RDR proposals in three broad phases: Phase 1: Changes to be effected within the existing regulatory framework, using existing subordinate legislative and administrative powers. These changes will […]
One gets a more balanced perspective on your team’s performance when you see what the opposition has to say. We copied the comments in the UK Telegraph, and inserted Sunday’s rating by Rapport […]
The discussion on the retail distribution review conducted by the FSB provides for the following proposals specifically as it relates to the short-term industry: Remuneration for selling and servicing short-term insurance policies It […]
After attending the FSB’s seminar on Monday, I was actually at a loss as to where to start with conveying the contents of the Retail Distribution Review proposals. We will cover the proposals […]
Under the heading “Scope Limitations”, the discussion document on the retail distribution review states: Where distribution of medical schemes is concerned, certain aspects of the distribution model are regulated by FAIS, while the […]
Both sides are desperate to win, and we can expect a tough, gruelling confrontation up front, while the English backs are likely to try and use their speed out wide. The Boks will […]
After the FSB announced the indefinite postponement of the Level 2 Regulatory Examinations and with it the adherence to Continuous Professional Development, a large portion of the industry is relieved that they “don’t have […]
Last week, we discussed the first two specific findings on the effectiveness of complaints handling systems and the need for root cause analysis and corrective action stemming from this. Today, we share details […]
While the general expectation is that this document’s sole intention is to replace commission with fees, it is far more encompassing than that. We publish below some of the aspects contained in the […]
One very clear message emerged after the feast of rugby we enjoyed over the weekend – the Northern hemisphere teams are no longer the pushovers they were in the past. They were always […]
Tanzania is now the latest African country to have released rebased GDP figures. The base year was changed from 2001 to 2007, and this resulted in the estimate for GDP increasing from TSh20.95trn […]
As we pointed out last week, PoPI is yet another brick in the wall being built to safeguard the privacy of the public. Today we look at some important definitions. Purpose of POPI […]
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