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UK student loan repayment stats highlight similar SA issues

28 May 2014

Recent statistics revealed that 73% of United Kingdom graduates will still owe money on their student loans by the time they reach their 50s. While there are no local statistics, this alarming research brings pressing issues facing South African graduates to the fore.

Rule #1: Life provides no guarantees

28 May 2014

While you may hope that the worst won’t happen to you, relying on hope to protect your financial security is risky. The increasing cost of long-term insurance may seem like a financial burden, especially in tough economic times, but the potential cost of not having cover is so much higher. These real life stories demonstrate just how important financial planning is to your future wellbeing.

Your dream sabbatical can happen – as long as you are financially prepared

21 May 2014

Dreaming of taking a year off work to go cycling across Europe? Or completing that course in interior design you’ve been putting off? More and more people are opting for a mid-career ‘gap year’ to pursue other interests or reskill themselves to start afresh. But having a bold adventure comes with some financial risks and it is crucial to put proper financial plans in place before taking time out from the rat race.

Mind the gap - the “underinsured” gap

15 May 2014

South Africans are still severely underinsured for disability. This is according to the ASISA 2013 Gap Analysis, which indicated that 67% of the country’s working population does not have enough risk cover to finance their lifestyle if they become disabled. Over and above that, becoming disabled impacts on their ability to save for retirement.

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Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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