Budget Speech Commentary 2012Published: Thu, 23 Feb 12 By: Rowan Burger, Head of Investments Strategy from Liberty Retail SA
As expected, there was not a great deal impacting directly on retirement savings, with certain minor exceptions which are discussed below, in this budget speech. However there are a number of cues which give us a sense of the continuation ...
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Hazardous pursuits cover essential for SA mountain climberPublished: Wed, 22 Feb 12 As a business owner, husband and father of two, life and disability cover for avid mountain climber Henk Cronjé was a top priority before embarking on his worldwide mountain climbing expeditions, as it should be for anyone who plans to partake in extreme sports.
This is according to John Marsden, National ...
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Final Dates for FAIS RE1 and RE5 examinationsPublished: Wed, 22 Feb 12 By Paul Kruger
Moonstone Information Refinery (Pty) Ltd
In our last two newsletters we reported extensively on the final dates applicable to all key individuals and representatives appointed before 2010. A reader asked us to expand on how the final dates for writing the level 1 REs affect those appointed after December ...
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ENS named Premier South African Multi-disciplined law firmPublished: Mon, 20 Feb 12 ENS, Africa’s largest law firm has become the only firm in Africa to be awarded the highest accolade in the Intercontinental-Finance Magazine’s (ICFM) 2012 Continent Awards.
The ICFM awards are considered to be one of the most prestigious business honours globally, with nominations and research ...
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Alternative distribution in Africa is taking offPublished: Sat, 18 Feb 12 The 1st African Bancassurance and Alternative Distribution Conference saw delegates from 11 African countries explore product development and distribution methods most suited to African conditions. They left with fresh ideas, innovative strategies and new networks, ready to develop alternative channels and increase ...
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2012 FIA Annual Awards Gala DinnerPublished: Sat, 18 Feb 12 Thursday 7th June is set for the prestigious FIA Awards to be held at the Sandton Convention Centre in Johannesburg.
The Awards this year are in the following categories:
• Long Term Insurer of the Year – Risk Products
• Long Term Insurer of the Year – Recurring Savings Products ...
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FAIS RE 1 Deadline: What happens after 30 June 2012?Published: Fri, 17 Feb 12 By Paul Kruger
Moonstone Information Refinery (Pty) Ltd
Last week we published the following:
“One has until 30 June 2012 to write the level 1 REs. Those who are not successful can write after this date, but have to pass before the end of September 2012. Those who did not write by 30 June, will ...
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Intermediary Status and Remuneration under reviewPublished: Tue, 14 Feb 12 By Paul Kruger
Moonstone Information Refinery (Pty) Ltd
One cannot help but gape in surprise at how quickly facts can attain woolly wings and become a nightmare. During presentations in Cape Town and Johannesburg, the FSB outlined plans to investigate a number of matters which were first raised in 2006 during ...
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FAIS Regulatory Exam Roundup - Terms and Conditions of the REsPublished: Tue, 14 Feb 12 It is probably human nature to dislike having to read something as “exciting” as terms and conditions. This is even more so when that which one is about to undertake is of a serious nature, like an operation or an exam. Clients very often display the same irritation when presented with disclosure documents ...
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Hannover Re beats its own guidance for 2011 financial yearPublished: Tue, 14 Feb 12 Hannover: Based on preliminary figures, Hannover Re will generate Group net income in the order of EUR 600 million for the 2011 financial year. The company will thus comfortably surpass its profit target of at least EUR 500 million.
Investment income delivered a particularly pleasing performance and hence ...
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A loss Consumers can ill affordPublished: Mon, 06 Feb 12 The FSB regularly provides an update on the number of licences which were suspended or withdrawn and those whose status was reinstated after withdrawal or suspension. The table below provides details of such reports released over the last 13 months.
FSP update on:
Suspended
Suspension ...
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Cancer is leading cause of Insurance Claims according to AltriskPublished: Fri, 03 Feb 12 According to insurance claims statistics released by Altrisk for January 2011 to December 2011, cancer is the leading cause of all insurance claims across critical illness, income protection and life cover, followed by accidental causes and cardiovascular disease. The statistics illustrate:
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FAIS Act: To be, or not to be a Representative?Published: Fri, 03 Feb 12 To be, or not to be a Representative? That is a tough question, given the intricacies involved. L writes:
I recently read in a Moonstone publication that office staff should be aware of all the legislation, fit and proper requirements etcetera, but that they do not have to write the regulatory exams. I am employed ...
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Registration has opened for The Insurance Conference 2012Published: Thu, 02 Feb 12 Registration has opened for The Insurance Conference 2012 which will be held at Sun City, from 10 - 13 June 2012 and an early bird discount is available for early bookings until 9 March 2012, so get registered now.
The Annual Insurance Conference provides a forum for all sectors of the insurance industry to ...
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Altrisk Provides Swiftnsure for Immediate CoverPublished: Thu, 02 Feb 12 Swiftnsure is Altrisk’s latest underwriting innovation, providing immediate insurance cover for clients who need protection immediately.
This option provides all currently available lump sum benefits for natural causes (excluding Guaranteed Insurability) at 90% of the selected cover. This cover is also ...
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Compliance Risk Management Plans now available onlinePublished: Wed, 01 Feb 12 After a year of intensive development, the Compliance Institute Southern Africa announced today that its Compliance Risk Management Plans (CRMPs) are available for purchase online.
The CRMPs have been developed as a guide and monitoring tool to assist businesses in complying with the requirements contained ...
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Pretium Services Compliance Update – January 2012Published: Wed, 01 Feb 12 The January 2012 Pretium Services Compliance Update has been published in the Insurance Gateway® Knowledge Base.
With a compliance flavour, these newsletters provide a succinct overview of happenings within the FAIS environment and being distilled as they are, are a must read for busy FSP executives who ...
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Treating Customers Fairly: How is it Measured?Published: Wed, 01 Feb 12 The FSB published feedback on their website about a tool they are developing to determine the status of TCF in your practice. The purpose of developing – and piloting - a self-assessment tool is to:
Provide firms with insight as to how ready they are to demonstrate to the FSB and other stakeholders, ...
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