http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/PressItems/ Insurance Gateway: Life Press Room RSS Feed. Thu, 24 May 2012 10:06:27 +0200 Thu, 24 May 2012 10:06:27 +0200 en-za The Law Society of South Africa (LSSA) welcomes the publication of the long-awaited Legal Practice Bill. This Bill has been in the making for more than a decade, and throughout that process, the LSSA has been cooperating with the Department of Justice and Constitutional Development and other stakeholders as it has been of the view that the existing Attorneys Act of 1979 is outdated and needs to be replaced with new legislation that unites the legal profession, complies with the Constitution, the Competition Act and transformation imperatives. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5098&URL=Law+Society+welcomes+legal+practice+bill Tue, 22 May 2012 11:18:58 +0200 We will provide readers with an overview of the FSBs proposals on continuous professional development, or CPD, over the next few weeks. The draft is available on the FSB website, as well as on the Moonstone website. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5093&URL=Continuous+Professional+Development+Part+I+1 Tue, 22 May 2012 08:02:25 +0200 By Clive Hill, Estate Planning Specialist, Glacier by Sanlam Trusts are commonly used to freeze the value of assets, so that when the person who transferred them to the trust dies, they wont form part of his/her deceased estate. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5092&URL=Reasons+to+set+up+a+trust+even+if+we+had+no+estate+duty+1 Tue, 22 May 2012 07:55:45 +0200 COSATU has reacted to new proposed amendments to the Labour Relations Act (LRA), particularly pertaining to laws regarding strikes and picketing, with national outcry. Furthermore, other proposed amendments regarding the locations of strikes could directly intrude on third party property rights. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5083&URL=COSATU+protesting+proposed+changes+to+Labour+Legislation+some+amendments+likely+to+be+scrapped+says+ENS Sun, 20 May 2012 18:11:57 +0200 JOHANNESBURG - Vodacom has received the go-ahead to enter the South African insurance market having been recently awarded a long term insurance licence by the Financial Services Board (FSB). This licence, along with the short term licence granted earlier this year, allows Vodacom to underwrite and sell insurance products. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5080&URL=Vodacom+granted+short+and+long+term+insurance+licences Wed, 16 May 2012 15:36:09 +0200 The proposed amendments to the Labour Relations Act (LRA) and the Basic Conditions of Employment Act (BCEA) are causing new controversy, due to potential implications both for employers and employees. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5078&URL=Proposed+amendments+to+Labour+Legislation+causing+concern+for+local+employers+2 Wed, 16 May 2012 10:23:47 +0200 Julius Strydom, CEO of HubIT (Pty) Ltd has informed us that they are embarking on a major rebranding exercise. HubIT is now trading as eFFiciency Hub, which they believe more accurately describes what they are about - online systems which focus primarily on enabling the users of the system to do everything they do more efficiently. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5076&URL=FSPhub+is+launched Tue, 15 May 2012 16:48:05 +0200 Rising concern over issues such as crime, healthcare and education are leading more graduate professionals in South Africa to consider emigrating, according to the latest results from the PPS Graduate Professionals Confidence Index. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5074&URL=More+SA+professionals+considering+emigrating++survey Tue, 15 May 2012 11:32:44 +0200 Dr David Hillson FIRM, HonFAPM, PMI Fellow People sometimes ask how we should define strategic risk. Fortunately this simple question has a simple answer. But answering this question can also help us to define any other type of risk. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5059&URL=Defining+different+types+of+risk+1 Fri, 11 May 2012 12:07:03 +0200 By Tendani Mantshimuli, consumer economist, Liberty Life Economic data for the first two months of the year indicate that the South African economy continues to grow, although not as robustly as we would wish it to be. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5057&URL=Economy+growing+but+challenges+remain Fri, 11 May 2012 09:30:10 +0200 Observing the decision-makers who select an enterprise resource planning (ERP) solution is something of a study of the human condition. From the highs of imagined benefits and anticipated advantages, to the lows of failed expectations and ballooning costs, all the emotions of life can play out. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5054&URL=Project+management+is+no+popularity+contest Wed, 09 May 2012 17:13:40 +0200 The South African Insurance Association (SAIA) has announced that it has made its submission to the National Treasury with regards to the proposed Demarcation Regulations demarcating between Health Insurance Policies and Medical Schemes. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5053&URL=SAIA+comments+on+the+impact+of+health+insurance+proposals+on+consumers Wed, 09 May 2012 12:56:31 +0200 By Terry Booysen CEO: CGF Research Institute (Pty) Ltd Modern day company reporting finds its roots as far back as 7500 BC, which is when we believe the first rudimentary form of accounting records and tokens may have been used to track certain business activities. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5045&URL=From+the+dark+ages+to+enlightened+reporting+1 Tue, 08 May 2012 11:00:03 +0200 Hannover: Hannover Re expressed considerable satisfaction with its results for the first quarter of 2012. We generated exceptionally good Group net income of EUR 261 million in the first three months of the year and have thus put in place a solid platform for a successful 2012 financial year, Chief Executive Officer Ulrich Wallin commented. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5043&URL=Hannover+Re+reports+sharply+higher+premium+income+and+profitability Thu, 03 May 2012 18:25:51 +0200 Masthead recently welcomed PPS as its newest financial services partner and has thereby grown the range of products that Mastheads independent financial advisor members can offer their clients. Following the successful results of a due diligence by Masthead, PPS joins Mastheads 11 other product partners that include Old Mutual, Sanlam, Liberty Life and FMI. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5040&URL=Masthead+welcomes+PPS+as+product+partner Thu, 03 May 2012 17:51:28 +0200 The Financial Intermediaries Association of Southern Africa (FIA) has expressed dismay over the draft Demarcation regulations proposed by the Treasury highlighting the fact that by putting an end to various types of health insurance plans (both short-term and long-term) many consumers are likely to end up being out of pocket. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5035&URL=FIA+expresses+dismay+at+draft+Health+Insurance+demarcation+regulations+1 Wed, 02 May 2012 17:19:52 +0200 We have received for publication the evidently very well thought out and balanced submission by Alexander Forbes Health, to National Treasury, concerning the proposed regulations for the demarcation of Health Insurance Products and Medical Schemes, which has been published in the Knowledge Base on Insurance Gateway, in the Short-term, Healthcare and Life Gateways. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5034&URL=Alexander+Forbes+commentary+on+the+proposed+regulations+for+the+demarcation+of+Health+Insurance+Products+and+Medical+Schemes+1 Tue, 01 May 2012 11:27:42 +0200 Increasing legislative requirements could pose a further skills shortage risk Demand for actuarial skills in South Africa is increasing at a rapid pace, particularly with new legislative compliance requiring a greater actuarial function in insurance companies. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5032&URL=Increase+in+demand+for+actuaries Tue, 01 May 2012 10:06:36 +0200 The April 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 need to keep their finger on the compliance pulse. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5031&URL=Pretium+Services+Compliance+Update++April+2012 Tue, 01 May 2012 10:00:36 +0200 In recent media reports there has been some miscommunication with relation to the RE exams. The Financial Services Board would like to clear up these miscommunications in the following manner: 1) All the examination bodies have a combined capacity of 56 000 examinations per month. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=5029&URL=FSB+clears+up+miscommunications+in+the+media+concerning+the+FAIS+Regulatory+Exams Thu, 26 Apr 2012 18:07:54 +0200