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Insurance industry recognized…

03 June 2005 Angelo Coppola

In keeping with its drive to professionalise the industry, the South African Financial Services Intermediaries Association (SAFSIA) last night handed out five insurance industry recognition awards at a gala banquet.

Santam scooped three awards in the Short Term insurance categories of Personal Lines Insurer of the Year, Commercial Insurer of the Year and Corporate Insurer of the Year.

In the Life Assurance category Liberty Life walked away with the Life Assurer of the Year – Individual Life award and the Employee Benefits – Fully Insured Funds award.

Says Ben Rossouw, executive director of SAFSIA: “The insurance industry has had some negative publicity recently but there are many players out there who strive to give their clients outstanding service.”

Quick Polls

QUESTION

The second draft amendments to Regulation 28 will allow retirement funds to allocate up to 45% of their assets to SA infrastructure, with a further 10% for rest of Africa; but the equity & offshore caps remain unchanged. What are your thoughts on the proposal?

ANSWER

Infrastructure? You mean cash returns with higher risk!?!
Infrastructure cap is way too high
Offshore limit still needs to be raised
Who cares… Reg 28 does not apply to discretionary savings
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