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The machines have spoken

29 November 2016

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.

Dealing with a world-wide challenge

07 November 2016

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.

Viva la revolution: redefine your world

29 September 2016

When one looks at the insurance industry as it is today, one struggles to think that the whole concept of insurance came from humble beginnings on the docks in London. This is the nature of the world. Change is so rapid that it is hard to think about how business was done in a world where there was no technology. The internet ushered in an age where connecting with people across the globe can be done in an instant, and social media has expanded on this where whole communities are bred and cultivated online.

Is there trouble ahead for South Africa?

22 September 2016

From the weakening Rand, to high inflation costs and drought, the South African economy is facing a series of challenges which are not only affecting consumers, but companies too. With companies themselves unable to avoid or prevent the challenges that lay ahead, the harsh reality is that these hurdles and storms can result in business failures and insolvencies.

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Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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