What you should know about a pension interest at divorce
A specific order in terms of section 7(8) of the Divorce Act is required if spouses want a retirement fund to make a deduction and payment to the non-member spouse.
Sanlam
Capitec’s funeral policy arrangement with Sanlam to end next year
Capitec Life will take over the administration of the in-force insurance book.
Funeral policy fraud: know how to protect yourself
While insurers say that the number of claims found to be fraudulent remains ‘stable’, funeral insurance continues to attract a high incidence of fraud and dishonesty.
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.
It’s all systems go for Sanlam and Allianz’s pan-African joint venture
The merger of their African operations will create an insurance giant with a combined group equity value of about R35bn.
Sanlam initiates unwinding of B-BBEE transaction amid market volatility and share concerns
Sanlam to consider alternatives ‘in the best interest of stakeholders’ to implement the orderly unwinding of SU BEE Funding in the lead-up to the funding repayment date.
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.
Automated payment is not a defence to pension interest claims
The fund said the automated payment of the spouse’s 50% interest was already in process, and the payment could not be stopped.
Sanlam net results hit record high in 2022
But new business volumes from life insurance operations fall 10%.
Glacier by Sanlam on track to becoming SA’s largest LISP
Its asset base is expected to grow even further after the integration of Absa’s LISP business.
Thursday briefing: a round-up of recent financial services news
SA unit trust returns | Flood claims | Santam profits warning | Insuretech raises $17m | Sanlam-AfroCentric deal | Business account fees.
Sanlam has a plan for SMME employers who want to provide retirement and risk benefits
The minimum contribution depends on whether a member opts for a retirement benefit only or retirement and insured benefits.
BrightRock squashes rumours about ‘hidden reason’ for Sanlam buy-out
BrightRock paid out over a billion rand in claims in 2022, which was more than the total claims paid in its first seven years in the market.
South Africans aren’t receiving proper financial advice when they need it most
Survey finds most wish they had treated money as a growth asset when they were younger.
BrightRock will remain a separate division after Sanlam acquires full ownership
Also, the group’s fiduciary business will be sold to Capital Legacy Solutions, in which Sanlam will have a have a 26% stake.
Moonstone Group extends condolences to the family of Ainsley Moos
The chairperson of Stellenbosch University’s council was also a director on Moonstone’s board.
Sanlam pays tribute to ‘titan’ Desmond Smith
It says Smith played a key role in laying the foundation for the financial services group as it currently exists.
