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At the Monetary Policy Committee (MPC) meeting of the South African Reserve Bank in January this year, the MPC surprised the market by hiking interest rates by 50 basis points, a decision that was not generally expected, especially so early in the year.
The first lesson I learnt regarding retirement risk and reward was at university. Our professor taught us that retirement savings should always be considered longterm investments, and a client’s assets must match his/her liabilities. This is in stark contrast to prevailing industry trends, where advisers and planners try to earn the highest returns possible, often with little consideration for the associated risks.
John’s policy commenced on 1 January 2013. He selected a temporary income protection benefit with a 14 day non-retrospective waiting period. At underwriting stage, he disclosed a back condition which resulted in a spinal exclusion.
According to the World Health Organisation, smoking is one of the major killers in the world as it is a significant contributor to a number of diseases such as cardiovascular diseases and cancer.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?