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Industry News

16 Apr 2019

PPS reports solid operating performance

Professional Provident Society (PPS), the financial services company focused solely on solutions for graduate professionals, and the only diversified financial services company in South Africa operating under the ethos of mutuality, weathered challenging market conditions during 2018 to continue to show solid growth.  By definition, mutuality is shared, and while members benefited from an increased...
15 Apr 2019

Get adequate cover for your valuables before you travel

The Easter break is fast approaching and many South Africans are making travel plans to enjoy family time and get a break from their busy work schedules. While the holiday is high on the agenda for some consumers, adequate protection of valuables such as car, home contents and other personal belongings may not be.
15 Apr 2019

Loyalty members save more for retirement

Loyalty programme membership is incentivising people to save more towards their retirement, making loyalty schemes a ‘new age’ problem-solver to an age-old problem. This important finding was shared at the 2019 International Actuarial Association (IAA) Colloquium by Nathea Nicoly,  Head of Product at Sanlam Reality.
11 Apr 2019

Is the UK stuck in Brexit limbo?

By Azad Zangana, global economist, Schroders. Extension to the Brexit deadline reduces the incentives for the UK parliament to compromise. EU and UK agree to extend Brexit deadline to 31 October, averting the prospect of a no-deal exit on 12 April For the economy and sterling, the extension is preferable to no-deal Ongoing uncertainty could...
11 Apr 2019

Extending Brexit deadline enables SA to maintain continuity in UK trade relations

“Extending the Brexit deadline to 31 October 2019 and avoiding a ‘no deal’ Brexit outcome this week provides a useful breathing space for SA to maintain continuity and predictability in its important trade realtions with the UK and EU,” says NWU Business School Economist, Professor Raymond Parsons.
11 Apr 2019

ASISA Retirement Savings Cost Disclosure Standard developed to build trust through meaningful disclosure

ASISA says it has taken note of a number of media reports published over the past week, quoting one source who implied that the new ASISA Retirement Savings Cost (RSC) Disclosure Standard, which came into effect on 1 March 2019, was developed to “reveal” and “expose” hidden costs in the industry. The articles also suggested...
11 Apr 2019

What to look for in a future-fit group insurance provider

Increasingly, group insurance is seen as a commoditised offering with its value demonstrated through the lowest price. However, understanding the state of well-being of employees, throughout their journey and through the evolution of the workforce, can greatly assist in determining whether the current group insurance solution matches the needs of the employer and their employees...
09 Apr 2019

IAM underscores commitment to global multi-asset with senior hire

Investec Asset Management has further strengthened the leadership of the firm’s global multi-asset investment capability with the appointment of James Elliot, who will head the team from July 2019. Bringing with him 24 years of industry experience, Elliot’s remit as Head of Multi-Asset at Investec Asset Management will include oversight of all existing investment solutions and the...
09 Apr 2019

Retiring early – how much is enough to own your future?

“South Africans who are members of their mandatory company pension fund benefit from this disciplined savings opportunity,” says Tristan Naidoo from Old Mutual Personal Finance. “Nevertheless, we know that only about 8.3% of pension fund members have sufficient savings in their company retirement fund to be able to generate a pension of about 70% of...
09 Apr 2019

Taking sensible precautions and being aware can help you weather any storm

Householders and motorists should brace themselves for the possibility of storms, heavy rains and flash floods occurring across the country by taking precautions to safeguard their homes, possessions and, if possible, avoiding driving when the weather turns threatening, says Old Mutual Insure.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za