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Innovation: Leading the way or playing catch-up

30 June 2014 | General

When viewing the South African insurance landscape from a macro perspective, one cannot help but wonder if there is still room for additional product innovation. Looking at the different role players in the insurance industry and the various differentiators that they claim to have, it almost seems as if everyone has more or less the same products and service offerings.

Retail Distribution Review (RDR) Adapt or Die

26 June 2014 | General

The Retail Distribution Review (RDR) is expected to be one of the biggest shake-ups to hit the financial advice industry. While it is aimed at improving the quality of investment advice given to consumers, and improving consumers’ understanding of the advice, in reality it will likely squeeze unprepared financial advisors out of the market and potentially burden consumers with extra fees. Major finance and insurance companies will need to adapt their current business models to comply with the coming legislation.

Advisers delegate investment responsibility to multi-managers

24 June 2014 | General

Financial advisers looking to delegate asset allocation and other investment decisions to fund managers often direct their client’s investments into balanced funds. They may, however, also be relinquishing the potential for stronger returns via vehicles like multi-manager funds that provide similar or greater levels of protection against risk.

Creating a level playing field for intermediaries and product providers

19 June 2014 | General

One thing that the Financial Services Board (FSB) cannot be accused of is acting with indifference when it comes to communicating its thoughts regarding regulation. At almost every single event in the industry, there is a representative from the FSB giving an update on future regulation such as the Retail Distribution Review (RDR) and Treating Customers Fairly (TCF).

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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