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Are we having the most relevant discussions with our clients when it comes to saving towards retirement? There is no doubt that any discussion regarding this topic will be seen as helpful advice, but there are some discussions which are more relevant than others.
Fraud happens in the industry when people lose track on the original purpose of insurance, to protect the insured in the case of a loss. This does not mean that the insurer is compelled to entertain cases where the insured tries to claim for cases of negligence.
Closing your mind off to one industry model may not be the best way in which to do business. There are a number of examples of companies around the world who adopt a hybrid business model when it comes to their business. Perhaps this is an approach that the Financial Services Board (FSB) needs to bear in mind when adopting a legislative framework for the South African market.
South Africa is a world leader in many aspects. Unfortunately, one of the things that South Africa leads the world in is HIV infection rate. The upside to this is that there is a lot of development being lead in South Africa on fighting the disease and decreasing the stigma attached to it.
The strongest deterrent against FSP compliance missteps is or should be: