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Industry News

28 Jan 2015

Financial services in 2015 - FSB viewpoint

2015 will see the South African financial services sector undergo major regulatory changes that are expected to ultimately improve outcomes not only for customers, but also for financial advisers, and the financial services industry as a whole. That is the view of Jonathan Dixon, Deputy Executive Officer for Insurance at the Financial Services Board, who...
27 Jan 2015

Investors respond to ECB’s ‘shock and awe’ Quantitative Easing package

By Tom Elliott, deVere Group’s International Investment Strategist Savvy investors are now re-evaluating their portfolios after the European Central Bank unleashed its historic Quantitative Easing (QE) last week. A considerably higher-than-expected €1.1 trillion stimulus package will be pumped into the Eurozone economy between March 2015 and September 2016, revealed ECB president, Mario Draghi, as he...
23 Jan 2015

RDR corner

RDR has already generated much discussion since its publication at the end of last year. We will be publishing various comments and opinions on RDR in the coming months  – below are some papers Masthead has prepared as we ready ourselves for the new legislation Product supplier responsibility Remuneration for financial planning Remuneration for customer...
23 Jan 2015

FIA warns against knee-jerk reactions to 'work in progress' legislation

The Retail Distribution Review (RDR) discussion paper published by the Financial Services Board (FSB) on 7 November 2014 proposes far-reaching reforms to the regulatory framework for distributing retail financial products to local consumers. The proposed changes set out to address poor consumer outcomes by redefining critical concepts in the intermediated distribution space as well as...
22 Jan 2015

SONA or Budget from the armchair?

I’d take a safe(ish) bet that a lot more people know about SONA this year and what it stands for than in previous years. SONA – is the state of the nation address – and this year it happens on 12th February at 7pm. If you are in Cape Town I believe it involves some...
13 Jan 2015

Will we loadshed or not?

I’m in several minds about this Eskom thing. There is a part of me that thinks to galvanise action in the SA economy something really big is needed. Otherwise the risk is that we just muddle along trying to keep the lights on forever, ignoring good planning and basic maintenance. As an individual working from...
13 Jan 2015

Hollard and Altrisk tie the knot

Award-winning specialist long-term risk provider, Altrisk will be rebranded to become Hollard Life, effective 12 January 2015. The combined entity will represent Hollard for all individual Life risk as the specialists in the middle and affluent market within the group. The division’s operations will continue under its existing team, headed up by Hollard Life &...
09 Jan 2015

In the March and April issues of Money Marketing...

In our March and April issues we take a look at annuities, offshore investing, the short-term insurance and medical schemes industries. We also feature articles on Twin Peaks, and compliance for the financial adviser. To read more about these issues click here.
07 Jan 2015

2015: The year of reading

Summer in Gauteng is always a mixture of good and bad – rain and hail – hot and cold. Apart from the storms we don’t usually get much wind. How you feel about summer in Gauteng depends on your preferences and perspective. Some like it as it is a relaxed time with hot temperatures. Some...

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