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The value of South African households’ wealth declined by an estimated R88.5 billion in the third quarter (Q3) of 2014.
In a quarterly survey released today, EY reports that life insurance confidence rose sharply from third quarter levels. Confidence rose a considerable 14 index points from previous readings, up from 67 to 81 index points. This makes life insurers amongst the most confident across the financial services sector.
A survey released by EY today indicates that confidence in the asset management industry fell sharply again in the fourth quarter of 2014, with stock market weakness, coupled with slowing inflows, impacting sentiment.
Chinese banks are expanding the range of insurance products that they offer although many still haven’t embraced bancassurance at all.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?