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Commission on "Orphan" Policies

What happens to the commission of intermediaries who resign, or whose contracts with product providers are cancelled? The latest FAIS Ombud newsletter contains an example which throws some light on the subject. Ombud Case study: Are You Getting What You Paid For? This Office has, in the past few ...
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Investment & Retirement Expo 2014 now incorporating Property Expo

The Investment & Retirement Expo will this year incorporate the Property Expo, as the age of expo visitors and scope of the investments on show broadens. The 2014 Investment & Retirement Expo, from 24 to 26 October at the Coca-Cola dome in Northriding, Johannesburg, will emphasise the need for ...
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Governance … held in suspense

Too many senior executives are being suspended too frequently. Ansie Ramalho, Institute of Directors SA chief executive, poses a challenge to boards of companies and pension funds. "I only work in black and sometimes very, very dark grey", a manly Batman says in The Lego Movie recently ...
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Black empowerment in the asset management industry

ABSIP puts the case for a bigger slice of the asset-management cake. Based on survey findings, it contends that the ‘rules of the game’ should be revisited.     Allan Greenblo, Editorial Director Today's Trustee       From sips to ...
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Five years in Sanlam’s BlueStar businesses continue to flourish

Cape Town: Following the launch by Sanlam of the BlueStar business model in 2009 – a move designed to assist financial advisers towards increased specialisation and successful entrepreneurship – the group says all its expectations have been exceeded. Five years in, there are 173 BlueStar ...
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Whole life insurance:

A contract with both insurance and investment components: (1) It pays off a stated amount upon the death of the insured, and (2) it accumulates a cash value that the policyholder can redeem or borrow against.
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