Is 30 the new 65?

Yes, it is becoming inevitable that retirees need to save for a 30 year time horizon when it comes to retirement (63.27%)

No, why change a model that has been working for many years (12.24%)

At least if a retiree reinvests their pot of cash compound interest will resolve the longevity problem (24.49%)

Do you often come across situations where non-disclosure may become an issue when dealing with clients?

Yes, clients are susceptible to this because they are not always aware about the specific disclosures they need to make (83.33%)

No, clients know what they need to disclose and are very open when dealing with their broker (16.67%)

In its current format, what will the future of medical schemes be in an industry run by the NHI?

I just can’t see it (NHI) happening (20%)

There is a real risk of our already fragile healthcare system being placed under even further pressure leading to a total collapse (56.5%)

Medical schemes will struggle to remain in existence if NHI does happen; there isn’t enough money in the system (23.5%)

Do you believe the FIA awards help product providers to understand the service expectations of the intermediary?

Yes (62.79%)

No (23.26%)

Maybe (13.95%)

What could the claims arena possibly look like in 2030?

We could see a change in cancer and cardiovascular disease as new conditions emerge (17.39%)

We could see a change in cancer and cardiovascular disease as individuals participate in active and healthy lifestyles (21.74%)

Musculoskeletal, nervous system conditions, psychiatric or mental conditions will take the lead (60.87%)

What more can financial planners do to make retirement for clients a reality?

The value of the service or product a client receives will determine if they ultimately will achieve their goals or not (3.13%)

Most South Africans are simply not contributing enough towards their retirement savings (25%)

Ensure that investments are well diversified to achieve long-term goals to soften the blow of short-term fluctuations (71.88%)

Most of the changes that companies are currently facing are driven by?

Technology and social media (61.25%)

The economic and political climates (30%)

Changing consumer demands (8.75%)

Do you think that the Singapore Central Provident Fund Model can be implemented in South Africa?

Yes, absolutely, what are we waiting for? (25.81%)

No, we have completely different challenges that we need to address (23.66%)

Why can we design our own model based on our own unique challenges (33.33%)

Forced preservation, in any form, will never work in South Africa (17.2%)

The Financial Sector Conduct Authority (FSCA) released a notice extending the CPD cycle for 2018 until 31 July 2019. What is your opinion on this?

I am relieved as it means that I have more time to catch up on those CPD hours and activities (26.13%)

Why should individuals be given more time when they had 12 months to comply (35.14%)

Instead of waiting for the last minute, I proactively implemented the necessary actions timeously and effectively (27.48%)

The regulator’s actions are questionable (11.26%)

84% of respondents to a recent industry survey agree that there will be a shift from product-focused innovation to business model innovation in insurance within the next five years. Is this a realistic time frame?

Yes, there needs to be a quick turnaround time when it comes to this. (78.46%)

No, more time is needed. (21.54%)