National Treasury has proposed lowering some of the levies that FSPs will pay to the FSCA in terms of the Financial Sector and Deposit Insurance Levies Bill, to reduce the impact on small entities. Read: FSPs face paying regulators much higher levies Vukile Davidson, Treasury’s chief director of financial sector policy, told Parliament’s Standing Committee […]
Why is this survey so important? The conclusionary note in the media release reads as follows: The SA-csi for Life Insurance is the most comprehensive survey of customer satisfaction, and is a causal model that links customer expectations, perceived quality, and perceived value to customer satisfaction (the SA-csi score), which in turn is linked to […]
One of the interesting findings of the recently discussed Momentum Investments and Oxford Risk Noise and Investment Advice Study was that the conventional methods of assessing risk of individual investors, is subject to a fair amount of noise. The study pointed out that humans are prone to ‘noisy’ errors, unduly influenced by irrelevant factors, such […]
“A recent decision of the Supreme Court of Appeal, handed down on 13 April 2021, will have a material impact on South Africa’s insurers, requiring them to review their policies,” according to George Herbst, Senior Associate, Insurance Law at Barnard Inc. Attorneys. The case focused on the rejection of an insurance claim on the basis […]
A fundamental character trait of a person who provides financial services and furnishes advice to members of the public is honesty and integrity. This goes hand in hand with conducting business with the necessary due skill, care and diligence. If an adviser fails to meet these requirements, and the correct disciplinary process is followed, he […]
The primary role of a traditional bank providing financing and capital is set to be challenged further by non-banks, according to a 2020 PwC’s report, Securing your tomorrow, today – The future of financial services. According to the report, alternative providers of capital are set to become an even more important part of the […]
National Treasury announced in its 2021 Budget that the Section 12J tax incentive, introduced in 2008, will not be extended beyond its sunset date at the end June. What was National Treasury’s objectives of this decision and how did the industry react? “The review process for section 12J (venture capital companies) has concluded. Government introduced […]
“Pregnancy and childbirth are usually occasions of great joy, but the medical expense shortfalls that go along with it can add a lot of stress,” Tony Singleton, CEO at Turnberry Risk Management Solutions reminds parents-to-be. “The best solution is to plan your financial future carefully and have medical aid and gap cover in place well […]
Upon entering a contract for a motor insurance policy, it is very important for financial advisers to clarify what the intended use of the vehicle is in order to determine the correct risk profile and to calculate the appropriate premium. Understanding the distinction between the various usages is important – if an insurable incident occurs […]
Rarely does life or business play out as intended. This is not only true for your client base and their life story, but also for you as financial adviser. According to Allan Gray research, not having a succession plan is a common worry that keeps advisers up at night. More than 60% of independent financial […]
