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Assets managed by local CIS industry more than double over five years

07 August 2014

The local Collective Investment Schemes (CIS) industry experienced a renewed surge in net inflows in the second quarter of this year, attracting R42 billion in the three months to the end of June 2014. In the first quarter of this year net inflows amounted to R27 billion.

Save and invest today and own tomorrow

17 July 2014

Despite numerous initiatives aimed at encouraging South Africans to save, consumers still fail to save enough during their working years to enable them to maintain their living standards during retirement.

Living annuity policyholders opt for lower income to preserve capital

23 June 2014

Average income drawdown levels for living annuities continued their downward trend in 2013. The 2013 Living Annuities Survey released by the Association for Savings and Investment South Africa (ASISA) this week shows that living annuity policyholders withdrew on average 6.63% of their capital as income in 2013, compared to 6.77% in 2012 and 6.99% in 2011.

Life insurers pay almost all death claims against fully underwritten policies

20 May 2014

Life companies paid 98.9% of all claims made against fully underwritten life policies in 2013 to a value of R8.4 billion. Only 1.1% of death benefit claims to a value of R178.8 million were declined.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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