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Don’t fall into the trap of complacency

27 February 2019

2018 was a year where a few new trends started to emerge within the financial services industry. These trends would exert such an influence on the industry that many businesses were forced to relook at business and distribution models to establish whether they were still appropriate. These changes will continue to occur in 2019. However, insurers and brokers now know what they are dealing with and can anticipate some of the effects of this change.

FSCA: Its full steam ahead for Default Regulation compliance

05 February 2019

On 1 March 2019, retirement funds will be expected to be fully compliant with the Default Regulations that were implemented on 1 September 2017. The key question that needs to be asked is what some funds have been doing with their time? The Default Regulations were implemented in September 2017 and funds had an 18 month grace period to ensure compliance; why then are there still concerns in the market that some funds will not be ready for full compliance come 1 March?

Getting along with PPR

28 November 2018

One of the key pieces of legislation that the Financial Sector Conduct Authority (FSCA) announced during 2018 was the impending implementation of a new set of the Policyholder Protection Rules (PPR). The new PPR will have a significant impact on group risk policies. The changes that the revised PPR will bring was discussed at the 2018 Alexander Forbes Hot Topics Seminar where Vickie Lange, Head of Institutional Best Practice at Alexander Forbes Investments, spelled out what insurers can look forward to.

The curatorship saga and premium collection

05 November 2018

Earlier in September, Insure Group Managers was placed under voluntary curatorship by the Financial Services Conduct Authority (FSCA) by mutual agreement with IGM management. Readers have been asking questions about Insure Group and its relationship with VBS Mutual Bank (VBS). FAnews spoke to Pieter Bezuidenhout, Insure Group’s Curator, to find out more about the current situation at Insure Group.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results

The road to a healthier South Africa

10 October 2018

FSCA takes further steps

03 September 2018

Searching hard for new sources of alpha

23 August 2018

Winners are those who can adapt to change

01 August 2018

Are amendments to the Bill questionable?

25 June 2018

Fundamentally changing the way we engage with clients

17 May 2018

Rolling the dice with technological advancements

02 May 2018

Intermediated advice: Cornerstone of microinsurance

07 March 2018

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