Massive interest in two-pot withdrawals puts administrators to the test
As the two-pot system rolls out, fund administrators are receiving a wave of withdrawal claims, highlighting the financial squeeze many are feeling.
Momentum
Medical schemes experience significant drop in net results for 2022
In 2022, the industry saw a net income of R2.57 billion – down from R12.18bn in 2021 – and faced an operating deficit of R6.155bn, the largest in 23 years.
Budget brings very little cheer for the average consumer
Financial experts from Momentum weigh in on how the Budget may impact consumers and taxpayers.
Adrian Burke takes the helm as acting chief executive of Asisa
Amid a leadership transition at the Association for Savings and Investment South Africa, veteran insurance industry figure Adrian Burke steps in as acting CEO.
Financial planner convicted on 30 counts of insurance fraud
Shaun Dorning redirected payments totalling R4.2 million from a client while working as an independent contractor.
Financial services entities recognised for exceptional HR practices
They are among the 138 South African employers to earn the accreditation of ‘top employer’.
Global economic outlook hangs in the balance amidst geopolitical uncertainty
Momentum Investments’ Market and Economic Outlook – January 2024 highlights worldwide elections, geopolitical tensions, and South Africa’s challenges.
Former Momentum financial planner arrested for R4.7 million fraud
The financial services group is aware of another client who fell victim to the former employee’s alleged misconduct.
Life insurers’ claim statistics reflect SA’s high murder rate
Claim statistics for 2022 paint a startling picture of the health and safety troubles facing the country’s youth.
Is a basic income grant now ‘baked in’?
The challenge facing Treasury is financing a permanent grant while maintaining a commitment to fiscal consolidation.
Was the tribunal’s decision on causal event penalties warranted?
In an article about a case in which the High Court in Johannesburg ordered the South African Special Risk Association to pay Blackspear, the judge noted that, despite the complexity of the relevant […]
‘Raids don’t mean all the insurers are guilty’
Conducting raids on the premises of the eight life insurers under investigation by the Competition Commission for alleged collusion and price-fixing did not mean that all of them were guilty, Fin24 reports Commissioner […]
Information from ‘an industry player’ prompted Competition Commission’s investigation into life insurers
Information received “from one of the players in the industry” prompted the Competition Commission to launch its investigation into alleged price fixing by some of the country’s major life insurers. This was all […]
FAIS Ombud refers complaint to FSCA after finding that broker was dishonest
The FAIS Ombud will ask the FSCA to investigate whether a broker, her supervisor and the key individuals of AIK Brokers are fit and proper to act as FSPs after her office found […]
FAIS Ombud refers complaint to FSCA after finding that broker was dishonest
The FAIS Ombud will ask the FSCA to investigate whether a broker, her supervisor and the key individuals of AIK Brokers are fit and proper to act as FSPs after her office found […]
Vaccination works, Momentum’s death claims data shows
Unvaccinated people are significantly more at risk of severe illness and death than those who are fully vaccinated against Covid-19, death claims data from Momentum Life Insurance has shown. Stephen van Niekerk, head […]
Vaccination works, Momentum’s death claims data shows
Unvaccinated people are significantly more at risk of severe illness and death than those who are fully vaccinated against Covid-19, death claims data from Momentum Life Insurance has shown. Stephen van Niekerk, head […]
