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FANews
The Stage
RDR set to be the industry’s seven year itch

One of the things that advisers fear most about the Retail Distribution Review (RDR) is that life as they know it will change. To them, business will never be the same again. This is a reality that everyone within the financial services industry faces. In the current economic climate, combined with the growing influence of the Fourth Industrial Revolution, no person or company can do business the way that they used to and expect the same measure of success.

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Straight Talk
Insurer’s mishap shows importance of advisers

Dates, specifically policy date and effective date, in the insurance world are critical and insurers each have their own definitions of those terms in their policies which they follow. A misunderstanding of the policy terms can lead to serious consequences for both the policyholder and insurer and, as is the case in this determination by the Financial Advisory and Intermediary Services Ombudsman (FAIS Ombud), we are once again reminded of the important role financial advisers play in giving the client valuable advice.

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Featured story
A major positive point in the local economy

A troubling development in South African politics, and society, is that certain factions are trying to split South Africa down racial lines, and are becoming very vocal about it.

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Quick Polls

QUESTION

ASISA stats show that South Africa’s uninsured gap is R28 trillion. Will we be able to eradicate this in our lifetime?

ANSWER

Yes. Slow and steady wins the race.
No. This is simply a task to big
Maybe. It will depend on financial inclusion.
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FAnews June 2017 EditionGet the latest issue of FAnews

This month's headlines

FIA Awards… a whole new journey
Old Mutual Insure steps out of the box
State intervention for microinsurance: justifiable?
Big Data; the new ‘oil’
SA – a fallen angel? Investing in a junk status economy
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