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The recent debacle into the new Social Grant payment system not only highlights a possible lack of good political decision making, but it also shows the importance of saving and building up a retirement income. The plight of the South African pensioner is well known. But can we sink below current levels?
A low hanging fruit, as an idiom, refers to the most easily achieved of a set of tasks, measures, or goals. Targeting this may seem lazy; however, it is an effective way to ensure productivity, and in some cases profitability, when push comes to shove.
One of the criticisms levelled against the financial services industry is that at times it can be a secretive industry. At the end of the day, there is little engagement with clients when it comes to all industry changes and how these changes will impact them. This was the basis for the first consumer aimed event that the Financial Services Board (FSB) and National Treasury participated in, which was held on 3 March. The event was hosted by the Sowetan Newspaper and gathered a crowd of brokers, advisers and concerned citizens to talk about how regulatory reform will impact them.
In the political and economic times the world finds itself in, risk has become a central part of our society playing an influencing role in everything we do or hope to do. A good risk manager is worth its weight in gold to a company, and information regarding risk is very important to come by. In an effort to bring this information to the public, the Institute of Risk Management South Africa (Irmsa) recently released the third edition of its risk report.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?