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If we look at the South African economic landscape, we can see that there are many factors contributing towards the current retirement outlook that many South Africans face. The reality is that a comfortable retirement is not an easily achievable goal.
Over the past two years, a major focus of the financial services industry has been the fact that industry regulators, and companies, have embarked on a major cost cutting programme. Different to austerity measures, cost cutting measures aim to improve the performance of companies and to make the financial services industry accessible to a greater sector of the population.
2014 is a landmark year for South Africa. Because of the events of the past two decades, there will be a lot of reflection on how the country has progressed over the past two decades, as well as what the future holds for the country.
The Registrar of Financial Services Providers (FSPs) paid Centriq Insurance a visit last year to conduct an on-site risk assessment to examine the practical application of the FAIS (Financial Advisory and Intermediary Services) act and other interconnected legislation especially from Centriq’s specialised insurance business point of view.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?