Monetary policy and the South African landscapePublished: Fri, 16 Mar 12 By Samantha Matthew, Investment Analyst, Glacier by Sanlam
The South African economic landscape is an ever changing one that in recent months seems to be at the mercy of external global market trends and fears. Whether the current monetary policy framework of inflation-targeting approach is the best for South ...
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Fighting corruption to achieve the Millennium Development Goals (MDGS)Published: Thu, 15 Mar 12 Terry Booysen
CEO: CGF Research Institute (Pty) Ltd
Crime experts, economists and NGOs were recently not surprised that an estimated R30 billion was being lost annually by South African taxpayers due to graft, incompetence and negligence in the public service. Corruption is fast becoming pervasive ...
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Hannover Re decides on change of legal form to SEPublished: Thu, 15 Mar 12 Hannover: The Supervisory Board of Hannover Rückversicherung AG (Hannover Re) has approved the resolution of the Executive Board to transform the company into a European public limited company (Societas Europaea, SE). The change in legal form is still subject to the approval of
the Annual General Meeting, which ...
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Hannover Re beats return-on-equity targetPublished: Wed, 14 Mar 12 Hannover: For the international reinsurance industry the most striking feature of the 2011 financial year was an exceptionally heavy burden of losses from natural disasters. In the case of Hannover Re, the resulting major loss expenditure of EUR 980. 7 million for net account was the second-highest in the company's ...
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Masthead launches dealer groupPublished: Wed, 14 Mar 12 Masthead has widened its scope of services for independent financial advisors by launching Masthead Financial Planning, a dealer group that offers advisors practical support to ease the regulatory burden and increase the advisor’s efficiency and profitability.
“The challenges and demands ...
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Healthy life industry attracts strong new premium incomePublished: Tue, 13 Mar 12 The South African life insurance industry held record assets of R1. 45-trillion at the end of 2011, an increase of 13% from the R1. 28-trillion held at the end of 2010.
Releasing the 2011 sales statistics for the South African long-term insurance industry, Peter Dempsey, deputy CEO of the Association for Savings ...
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‘Heads-up’ for directors in the cloudPublished: Tue, 13 Mar 12 Terry Booysen
CEO: CGF Research Institute (Pty) Ltd
There’s much that can be said about the manner in which members of a board are ‘wired’, and it does not take much to recognise those directors who embrace technology and those who don’t. Interestingly, as technology races ...
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FAIS…for the 100th time…Withdrawal/Suspension of licencesPublished: Mon, 12 Mar 12 By Paul Kruger
Moonstone Information Refinery (Pty) Ltd
There are essentially two reasons why this happens: people do not know what their obligations are, or they intentionally transgress the legal requirements of providing financial advice or intermediary services. Last week the FSB issued a media release ...
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FAIS: Exemption from one or more Level 2 REsPublished: Mon, 12 Mar 12 By Paul Kruger
Moonstone Information Refinery (Pty) Ltd
We regularly receive enquiries from readers about the Level 2 regulatory examinations. Typically, they indicate that they have successfully completed the level 1 exams and, being in a training routine, wish to start preparing for the next round of exams ...
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SA actuary achieves international milestone in risk managementPublished: Mon, 12 Mar 12 South Africa has produced the world’s 1 000th actuary to formally qualify as a Chartered Enterprise Risk Actuary (CERA). Actuaries with this internationally recognised qualification have the sought after skill to devise and implement effective risk management strategies across organisations.
According ...
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2012 Annual FPI ConventionPublished: Mon, 12 Mar 12
2012 Annual FPI Convention
20 - 21 June 2012
Sandton Convention Centre
Put yourself a decade ahead of the pack and learn how you, as a financial planner, can adapt your mindset and embrace change to succeed in an ever changing world
...
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What causes emerging risks?Published: Mon, 12 Mar 12 Dr David Hillson FIRM, HonFAPM, PMI Fellow
One of the biggest challenges for the world is how to prepare for emerging risks. These are new and previously unknown risks, or familiar risks that appear in new ways. After all, how can you predict or prepare for something that you have not seen before ...
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FAIS RE Examinations: Read the fine printPublished: Fri, 09 Mar 12 By Paul Kruger
Moonstone Information Refinery (Pty) Ltd
A conversation with a candidate about her mock exams revealed some facts which may help other candidates avoid making mistakes. The lady concerned completed mock exams drawn up by her employer. When she received the results, she was unable to figure ...
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An insurer’s perspective on managing business insurance riskPublished: Fri, 09 Mar 12 Many of the risks business owners face needs to be managed tightly to prevent and contain potential losses. While a well structured insurance policy forms a vital part of doing so, the fact of the matter remains that effective and comprehensive risk management requires an ongoing, holistic and proactive approach to ...
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FAIS - Application for Exemption to Submit Audited Financial StatementsPublished: Fri, 09 Mar 12 By Paul Kruger
Moonstone Information Refinery (Pty) Ltd
In Monday’s Moonstone Investment Indicators we explained the reason why certain FSPs can now apply for exemption from the requirement to submit audited financial statements. A number of readers complained that they were unable to download the application ...
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Trojan or Gifted Horse?Published: Fri, 09 Mar 12 By Paul Kruger
Moonstone Information Refinery (Pty) Ltd
A number of readers enquired about a request from insurers for personal information which they felt had nothing to do with their agreement with product providers they are contracted with. The request referred to was sent out by Astute and read as follows:
Dear ...
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Insurance companies must prepare for interim solvency requirementsPublished: Thu, 08 Mar 12 FSB to enforce new interim requirements by the end of 2012
The implementation date for the Financial Services Board’s (FSB) Solvency Assessment and Management (SAM) to strengthen governance and risk management practices of insurance companies and apply capital requirements commensurate with their risk ...
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Milpark’s oldest graduate 2012Published: Thu, 08 Mar 12 Milpark Business School’s oldest graduate received a Certificate in Financial Planning at the Cape Town graduation on 1 March.
81-year old Clive Archer became the oldest Milpark graduate in 2012 when he received his Certificate in Financial Planning from Milpark, 65 years after he matriculated ...
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More skilled professionals to enter the insurance sectorPublished: Wed, 07 Mar 12 More skilled professionals to enter the insurance sector
A new learnership programme developed by the Insurance Sector Education and Training Authority (INSETA) targeted at the often neglected SMME sector may soon see an encouraging increase in the number of skilled and FAIS compliant professionals in the ...
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