Experts warn of financial literacy crisis, call for co-ordinated action
At the FSCA Financial Education Summit, industry leaders outlined the shortcomings of current financial education efforts and the need for a strategic overhaul.
Old Mutual
Life insurance industry stages a remarkable comeback
Life insurance companies have defied the odds, bouncing back with impressive results in 2022, KPMG’s South African Insurance Industry Survey 2023 finds.
Peter Moyo loses final legal battle against Old Mutual
Constitutional Court refuses the former chief executive’s application for leave to appeal in his claim for R250m in damages.
FSP ‘failed to act’ against reps implicated in hundreds of policy fraud cases
Mbalane Financial Services tells the Tribunal it was entitled to wait for a final forensic report from Old Mutual.
Confidence in the economy at an 8-year low, Old Mutual research finds
Latest Savings & Investment Monitor contains insights into South Africans’ appetite for investment risk and investing offshore.
Two pots: fund members must understand the implications of withdrawals
Money in the savings pot should be withdrawn only as a last resort, for absolute financial emergencies.
Preservation should be the top priority in the messaging about two pots
Administrators are concerned there is not enough time for financial advisers and members to understand the implications of the changes.
Latest claim statistics provide insights for financial advisers, says Old Mutual
Advisers can reference the data to guide consumers in making informed decisions about risk cover.
Seeding will have a minimal impact on retirement funds’ liquidity, says Old Mutual
The updated legislation puts the retirement industry in a better position to be ready by 1 March 2024, it says.
Old Mutual’s gross written premiums up 19% in the first quarter
Life insurance sales down slightly as the group stops selling certain products in China.
Monday briefing: a round-up of recent financial services news
Old Mutual sets minimum salary | Apex to manage Eskom retirement fund
Monday briefing: a round-up of recent financial services news
Two-thirds of CEOs expect unrest | Funds with exposure to Transaction Capital
Thursday briefing: a round-up of recent financial services news
OM concerned about lapses | OM 2022 results | Santam buys MTN’s device book | RAF seeks to appeal claims ruling.
Treasury presses ahead with launching two-pot system in March 2024
Outstanding issues will be finalised later this year.
PIC rejects allegations that Government Employees Pension Fund is at risk of insolvency
In response to allegations on social media that it’s facing a R3.3 trillion legal claim against its portfolio of assets.
Old Mutual to ‘re-enter’ retail banking space in 2024
The group unbundled its majority stake in Nedbank in 2018.
