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In a quarterly survey released today, EY reports that life insurance confidence fell noticeably in the second quarter of 2014. Confidence was down 15 points from first quarter readings, coming in at a level of 64 index points. This places life insurance confidence levels in line with other financial services segments, its lowest level since the global financial crisis in 2009.
A recent PPS survey conducted among approximately 600 South African engineers revealed a concerning average confidence level of just 40% when respondents were asked whether they felt government was effectively delivering on its promised infrastructure spend.
Most South Africans are financially not ready to leave the world of work at the traditional retirement age of 60 or 65, and many embark on a ‘second career’ – either working longer in their current job, or starting their own business, the 2014 Sanlam BENCHMARK Survey has found.
Nedbank Small Business Index™ (NSBI) first-quarter survey.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?