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Regulation change has become a fact of life in the insurance industry. The Financial Services Board (FSB), along with National Treasury (Treasury), have been tasked by government to get the South African financial services industry up to date with international regulatory reform.
KPMG survey shows BEE goals partially met and probes effects of revised codes.
With the imminent implementation of the Twin Peaks model, there will be a number of changes which will hopefully improve the functionality, and the integrity of the insurance industry.
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.
Are financial advisers ready for the combined impact of COFI and AI?