Sanlam, Momentum Metropolitan, and Absa secured consecutive Top Employer certification for 2024 by excelling in HR practices and innovative initiatives, with a focus on employee well-being, diversity, digitisation, and flexible hybrid work models.
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.
Capitec Life will take over the administration of the in-force insurance book.
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 companies have defied the odds, bouncing back with impressive results in 2022, KPMG’s South African Insurance Industry Survey 2023 finds.
The merger of their African operations will create an insurance giant with a combined group equity value of about R35bn.
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.
Claim statistics for 2022 paint a startling picture of the health and safety troubles facing the country’s youth.
The fund said the automated payment of the spouse’s 50% interest was already in process, and the payment could not be stopped.
But new business volumes from life insurance operations fall 10%.
Its asset base is expected to grow even further after the integration of Absa’s LISP business.
SA unit trust returns | Flood claims | Santam profits warning | Insuretech raises $17m | Sanlam-AfroCentric deal | Business account fees.
The minimum contribution depends on whether a member opts for a retirement benefit only or retirement and insured benefits.
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.
Survey finds most wish they had treated money as a growth asset when they were younger.
Also, the group’s fiduciary business will be sold to Capital Legacy Solutions, in which Sanlam will have a have a 26% stake.
The chairperson of Stellenbosch University’s council was also a director on Moonstone’s board.
