What’s inside… FAnews Magazine August 2024
The Two-Pot Retirement System will officially be implemented on September 1, 2024. We have posted a substantial amount of content on this topic, including releases, interviews, and a webinar. Although many questions remain, you will most certainly find answers to most of them on our website and on the websites of all the role players. Content, documents, calculators, and videos are available, and having the necessary conversations with your clients is key.
It's Women’s Month, and it's great to see the conversations around women in the workplace. One of my favourite actions during this month is Momentum’s initiative to flip their “M” to “W” – for August, their social pages and even Head Office feature the logo transformation from Momentum to Womentum. This small gesture from Momentum encourages women to boldly pursue their success. Women are celebrated at many companies in various ways, and it’s wonderful to be reminded of what we are capable of and the difference we are making in this industry. We’ll get there, slowly but surely.
It's conference season… we’ve just celebrated the 50th AIE conference, an event the industry can be proud of. The conference struck a good balance between serious discussions, fun, learning, and relationship building, reminding us of the importance of collaboration. The FPI Convention is the next big event, focusing on deep conversations and celebrating the Financial Planner of the Year. Winning this title requires an incredible amount of work, and FAnews extends congratulations to the finalists and the winner for reaching this level. The standard is incredibly high, and you should be extremely proud.
Enjoy the read, and happy Women’s Month.
Below, we have highlighted some of the articles in the August edition. There are more, so be sure not to miss out on the ones we have not highlighted below.
CPD Articles
Short-term (IISA Approved)
Traditional analytics vs insights: key differences for modern insurance
Upholding responsibility: medical ethics in practice
Is cover provided for erosion of margin or gross profit percentage?
Parametric insurance: a game-changer for the protection gap
Distinguishing insights from analytics in insurance risk assessment
From ozone woes to rugby blues: climate risk's broad impact
Life, Investments, EB, Healthcare, etc (FPI Approved)
What happened to COFI?
Is asset management on autopilot?
The role of professional financial advisers in successful intergenerational wealth transfers
The Two-Pot System: regulatory challenges ahead
Navigating group life insurance policies and beneficiary nominations
Advisers, communities take the fight to insurance crime
The list of articles worth reading continues…
Women’s Month - diversity and inclusion
Championing inclusivity: insights from Dr Mgoqi for Women’s Month
Women’s Month spotlight: emphasising people and growth in the workplace
In the news
The art of speaking fluent ‘financial adviser’
Effective strategies in a hybrid workplace
The pillars of intermediary success in 2024
Employee engagement: the competitive edge in customer service
Why ethics matter
Profile
iTOO’s Nicolene Claassen, breaking barriers in the industry
Charting the course: a conversation with Bryte's Group CEO, JP Blignaut
Redefining insurance: a conversation with Discovery Life's CEO
Digicall women taking the lead
Regular Features
Blank page approach to regulation: FAIS “debarment”, as an example
Regulatory
Tribunal upholds FSCA's heavy fines: a warning for FSPs
Technology
Digital usage is growing, but customers are still dissatisfied. Why?
Digital usage vs customer satisfaction: a paradox
Short-term
Complicated claims - important principles to be aware of
The future of insurance distribution in South Africa
Managing third-party risks
A behind-the-‘screams’ look at liability claims
Is there such a thing as an excellent claims process?
What are the primary concerns of insurers and brokers?
Transforming insurance for climate resilience
Investments
Prioritising capital stability in an uncertain world
The impact of personality traits on investment decisions
Advisers and investors hold thumbs the GNU will restore bond and equity valuations
Healthcare
Member retention and satisfaction in medical schemes
A multifaceted approach to understanding customers
Retirement
Closing the gender pay gap
Life, disability, critical illness and income protection
The shift towards sustainable life insurance
Beyond the norm: breaking barriers in life insurance
The hyper-personalisation of insurance
The vital importance of income protection for young clients
A double-edged sword: combating insurance fraud using AI, machine learning
How comprehensive is your clients' critical illness cover?
Editor’s thoughts:
We focus on discussing important topics, sharing useful advice, and updating you on the latest trends in our field. We're here to support your learning journey. If there's something you'd like to know more about, just let us know, and we'll look into it for you. Our network is full of experts ready to answer your questions, and we're eager to share information that interests you. Please feel free to reach out.
Enjoy the read!
