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Tag Archives | ASISA

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Future investment strategies – Turning towards global multi-asset funds

“While no one can predict the future with any certainty, there are features of today’s investment environment that we see as becoming important drivers of future returns. These are our “inescapable investment truths”; a combination of global economic and disruptive forces that we believe will result in low growth, low inflation, low interest rates and […]

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investmentsaving

ASISA warns against get-rich-quick schemes – Current climate conducive to fraud

“While there will always be fraudsters devising schemes to trick unsuspecting members of the public out of their hard-earned cash, plying their trade becomes easier during tough economic times,” Leon Campher, CEO of the Association for Savings and Investment South Africa (ASISA) warns the public in a recent ASISA media release. According to Campher the […]

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stats

ASISA quarterly stats – Local CIS portfolios favour interest bearing portfolios

The Association for Savings and Investment South Africa (ASISA) recently released the Collective Investment Schemes (CIS) industry statistics for the quarter and year ended March 2020. The CIS industry reported net inflows of R23 billion in the first three months of this year after having experienced net outflows of R3 billion in the fourth quarter of 2019. According […]

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ASISA publishes claims statistics – Spike in fake death claims, decrease in non-disclosures

According to the 2018 consolidated statistics of fraudulent and dishonest claims, published by the Association for Savings and Investment South Africa (ASISA), fraudulent and dishonest insurance claims decreased, but still remain a serious problem. Life insurers specifically reported a huge spike in fraudulent death claims. In 2018, South African life insurers detected a total of […]

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assets

The prescription of assets – ASISA’s position

ASISA has recently added the following to their website: Their position on the prescription of assets; A PowerPoint presentation by Gill Raine, senior policy adviser at ASISA; and A column on the topic by Olano Makhubela, Divisional Executive: Retirement Funds Supervision at the Financial Sector Conduct Authority (FSCA). In ASISA’s positioning document it is stated […]

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New ASISA Retirement Fund Standard – Enabling review and comparison of charges on products

Members of umbrella retirement fund solutions will be able to assess the total impact of charges on their individual retirement benefits from next year October, when members of the Association for Savings and Investments South Africa (ASISA) implement the new Retirement Fund Standard: Effective Annual Cost (EAC) for Individual Fund Members. The ASISA Board of […]

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policy

Unclaimed policy benefits – ASISA members using tracing activities to honour claims

ASISA’s members united policyholders, beneficiaries, investors & heirs with unclaimed assets of R8.1bn last year. According to a recent ASISA news release, unclaimed assets of R17.1bn remain, but members will honour claims no matter how long it takes for the legal owners to come forward. Rosemary Lightbody, the senior policy adviser at ASISA, says despite […]

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Retirement-Savings

ASISA Retirement Savings Cost Disclosure Standard

– Aims to build trust not expose hidden costs “Big financial services companies may soon need to find new ways to pad their earnings, as a new industry standard is threatening to expose the financial service sector’s worst kept secret – hidden fees.” BusinessTech 7 April 2019 These and many other media reports recently commented […]

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Local CIS industry grows investor assets to R2.3 trillion

The Association for Savings and Investment South Africa (ASISA) recently released the Collective Investment Schemes (CIS) industry statistics for the quarter and year ended June 2018. The statistics show that the strong net inflows in the second quarter pushed total net inflows for the 12 months to the end of June 2018 to R96 billion. According to ASISA, investors […]

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