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Many a word has been written about the oncoming wave of technological changes that will affect the financial services industry. While many companies are acutely aware of how their business model will be affected, there are some companies in the industry that are adopting a wait and see approach before they make an informed decision on their future livelihood.
As we approach the end of the year, we are now officially in the midst of the Festive Season. But will it be a season to be jolly? South Africa's crucial ratings decision was received with mixed views from economists.
In January this year, the financial services industry was rocked by reports that Rosemary Hunter, the Deputy Executive Officer of Retirement Funds at the Financial Services Board (FSB), took the regulator to court following what she deemed as irregularities when it came to the closing of pension funds by the FSB.
As medical scheme increases are announced and implemented, healthcare has been firmly placed under the spotlight. This is not to say that healthcare has never been in the spotlight. There have been a number of reports in the industry during the year which at times has made the public question the sustainability of the industry and how the National Health Insurance scheme will fit into the picture.