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Toughest period for financial advice in many years

18 October 2021 | General

Are financial advisers, brokers and agents resilient and relevant enough to thrive today? What about tomorrow? How have we adapted advice strategies under the current challenging political, economic and social circumstances?

Insurance brokers: Between a rock and a hard place

12 October 2021 | General

South Africa’s financial intermediaries face an uphill struggle in managing their own liability risks due to market forces that are largely out of their control. The liability market is influenced by a range of complex factors, further complicated by the rising frequency and severity of losses and claims that typically span multiple years. A panel discussion at the 2021 FIA Virtual Advice Summit set out to demystify liability and the capacity in the market surrounding liability insurance, as well as to reflect on the growing advice-related liability exposures that advisers and brokers face. The overarching objective was to promote sustainable, broker-led risk transfer and risk management for the end-customer, the insured.

The human side of advice practice mergers & acquisitions

11 October 2021 | General

There are three ways to build a mega-financial advice practice… You can grow your business organically over decades; you can accelerate your growth by merging with practices of similar mindset and size; or, assuming you are a heavyweight financial services provider (FSP), you can acquire advice practices that meet your shareholders’ needs. FAnews frequently interacts with FSPs who are on the hunt for books of business, especially in the short-term commercial space. So, if you are considering an exit from your commercial short-term practice, we encourage you to get in touch with us for a possible introduction.

Brokers must access, apply digital technology to benefit themselves and their customers

28 September 2021 | General

With South Africa being a nation of small businesses, and insurance an essential service underpinning the resilience of those businesses, brokers must consider digital technology as an integral component of their value proposition. The reasons are simple: efficiency, accuracy and improved delivery driven by modern technology not only results in a better service to every customer, technology also drives down the cost of providing insurance cover.

quick poll

Question

If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?

Answer