Compliance - Regulatory

Fairly allocating work amongst service providers

Funeral policies: a warning to consumers

Conversations about death and funerals are never pleasant but certainly necessary, as we are all confronted by death at some point in our lives. We live in a diverse country where funerals have a different cultural meaning and experience, more than often at a large expense for those remaining behind. Bearing in mind the costs to bury or cremate a loved one, consumers seek insurance products that can provide cover for all the related expenses.

Living annuity drawdown rate remains stable at 6.6%

Living annuity policyholders managed to keep the average drawdown rate practically unchanged at around 6.6% for two years running, despite a steep rise in the cost of living in South Africa over this time.

PFA decisions can be taken on appeal to financial services tribunal

Parties that are aggrieved by decisions of the Pension Funds Adjudicator may now lodge appeals with the Financial Services Tribunal.