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Industry News

11 Jul 2018

Common myths about hospital cash plans

Despite the increasing popularity of hospital cash plans (also known as health cash plans) as supplementary cover for non-medical expenses, some consumers are still not maximising this benefit due to a few misconceptions. Lee Bromfield, CEO of FNB Life, says when used appropriately, a health cash plan can go a long way to help consumers...
11 Jul 2018

Determining your appetite for risk

As investors continue to be buffeted by uncertainties in the market, the importance of an appropriate, disciplined and strategic investment strategy is increasingly evident. Emotions are among an investor’s biggest enemies, particularly when faced with challenging and unpredictable events.
11 Jul 2018

Electricity and your home

Homeowners are at risk of having their insurance claims rejected if it is found that they are not in possession of a valid Electrical Certificate of Compliance (ECOC) for their property.
10 Jul 2018

Beware of low insurance premiums: OSTI

When insuring valuable property, the duty is on you, as the owner of the property, to make sure that sufficient cover is provided by the policy before purchasing the insurance product, warns the  Office of the Ombudsman for Short-Term Insurance (OSTI). “An insurance policy is a binding contract, which, like any other type of contract,...
10 Jul 2018

Cloud and partnerships key to survival for financial services

While financial services institutions have been able to collect huge volumes of data on customers and their behaviours, they need to turn to new technologies and strategic partnerships to improve internal processes and customer experiences, in order to successfully monetise this information, according to Ron Raffensperger, CTO for Data Centre Solutions at Huawei Enterprise.
10 Jul 2018

Bonitas announces best financial results in 35 year history

Bonitas Medical Fund (the Scheme) reported a solid surplus of R730.20 million for 2017, recouping the R16.9 million deficit from 2016. Gerhard Van Emmenis, Principal Officer of Bonitas says, ‘2017 was an exceptional year for us in terms of financial results. This was largely due to several key cost saving strategies and initiatives implemented during...
10 Jul 2018

Get offshore exposure with a local unit trust

Given that South Africa’s Gross Domestic Product (GDP) represents only 1% of the world economy, exposing your investment portfolio to international markets offers local investors a world of growth opportunities and reduces the concentration risk that comes with investing in one market. However, choosing an affordable offshore investment vehicle can be a challenge.  This is...
10 Jul 2018

Anchor Capital lists on A2X

The Anchor Group, a South African financial services holding company, today became the ninth firm to have a secondary listing on A2X.
10 Jul 2018

Carrick Wealth capitalises on complementary strengths

Carrick Wealth announced the promotion of Mike Potts and Greg Stockton to the positions of Joint Managing Directors, a move seen as utilising their complementary strengths. The appointment is effective immediately. Carrick Wealth Chief Executive Officer Craig Featherby said the appointments would hasten the company’s growth and expansion. “Both Mike and Greg have years of...
09 Jul 2018

Innovative thinking is needed to solve succession crisis in financial advice sector

The financial advice industry is currently facing a succession crisis as many independent financial planners reach retirement age. The problem is exacerbated by the fact that fewer young people are entering the industry.  By Alex Cook, CEO, GCI Wealth  The current cohort of financial advisors are reaching retirement age and, as an industry, it seems...

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