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January 2012
Travel tip

Before you leave on holiday householders should not overlook the importance of checking and perhaps updating their short term insurance cover. Essentially, there are two areas of risk that increase when on holiday:...

January 2012
Word of caution

According to FNB’s Household Debt-Service Risk Index, the country’s household sector continues to improve. From a previous quarter’s index level of 6.10 (on a scale of 1 to 10), the 3rd quarter 2011 saw a further mild...

January 2012
On the map

Which country’s economy grew the fastest over the noughties, the 2001-2010 decade? “No, it’s not China,” remarks Adrian Saville, CIO of Cannon Asset Managers, “it was Angola.”


Believe it or not,...

January 2012
Waiting game

 

South Africans are increasingly saving toward short-term commitments, such as their children’s education, rather than retirement funding needs. In addition, the number of people with personal loans has...

January 2012
Robust code

Retirement funds must adhere to the King III code of governance. That much should be understood.


“But,” says Hugh Hacking, Umbrella Fund Project Manager at Old Mutual Corporate, “the implementation...

January 2012
Promising stronger flows

Assets in the local hedge fund industry remained above the psychologically significant R30 billion level as at 30th June 2011, but had declined from the R32.1 billion achieved in 2010. These were amongst the findings...

January 2012
The more the merrier

There is nothing quite like an insurance application form to force us to face our own health risks. This experience can be so uncomfortable that many of us avoid it for as long as possible, dreading the health and...

January 2012
SA anomaly

The role of pension funds is becoming more critical as the African continent focuses on infrastructure development. That’s the assertion of delegates attending the OECD/IOPS global Forum on Pension Funds conference...

January 2012
Pecking around

Poultry consumption continues to dominate our diets increasing every year to reach 33kg per head of population by 2010. Eggs consumed per person reached 8.5 kg. Meanwhile, beef consumed per capita over the last decade...

January 2012
Faulty limits

We had 37 fatal crashes in 2011 but these produced only 515 fatalities. This includes passengers and crew and compares to the previous annual average over the last ten years of 30 accidents with 777 deaths.  The...

January 2012
True code

When it comes to our investments, we all like to know exactly what we are paying and precisely what we are paying for. Unfortunately, determining the individual fees payable to your intermediary, administrator and...

January 2012
Not so daunting

A guarantee is generally supposed to put us at our ease when deciding on parting with our cash. This goes as much for physical goods as it does for financial services and investments. But if we look close enough we...

January 2012
Low yield challenge

The daunting prospect of negative real returns will soon drive growing demand among financial advisers for a survivor’s guide to prudent investment, predicts Absa Multi Management.


Negative real...

January 2012
Old but be wise

Last year was a difficult one for those in retirement, especially as our interest rates have remained at their lowest levels in over 30 years. Equity markets have been weak, while inflation has started creeping up...

January 2012
Predictable disaster

The strong financial performance of several local and global luxury goods companies in recent months has re-enforced the perception that this particular industry is fairly recession proof.


However,...

January 2012
Zoned out

Probably the most significant events to unravel in 2011 was the tide of civil rights upheavals in the Middle East. Systematically, one  dictator after another was dislodged from power beginning in January with...

January 2012
Keeping face

Failure to comply with the Financial Advisory and Intermediary Services Act (FAIS) can result in hefty fines or possible closure by the Financial Services Board (FSB) for any Financial Services Provider (FSP) or...

January 2012
Part of the plan

According to the Road Traffic Management Corporation, more than 1 100 people died in fatal car accidents between 1 and 28 December last year. “Old Mutual’s claim stats show that 25% of death claims are as a result of...

January 2012
Under one roof

South Africans who believe that ‘insurers look after insurance’ and ‘banks do banking’ would be surprised to learn that the banking sector is a major player in the industry, with Standard Bank for instance, typically...

January 2012
Rights and wrongs

Insurers will generally not sell written off vehicles back to the policyholder. This is because the rights of ownership of a vehicle is transferred to the insurer when it settles the claim.


If a...

January 2012
Do not pass Go

Employers are at times plagued by the question of what to do about employees who are absent from work. Do you discipline while they are away? And what do you discipline them for? The general trend seems to be to...

January 2012
Rising vacancies

Recently, FNB’s All Commercial Property Performance Indices have started to point to weakening performance ahead. The 3rd quarter 2011 did see some rise in the All Commercial Property average price growth rate. “...

January 2012
The new jurisdiction limits

With effect from 1st December 2011 new jurisdictional limits for the Ombudsman for Short-term insurance have been established.


For Personal Lines Complaints those arising out of home owner or...

January 2012
Softening up

Despite ever more evidence of global warming and an increase in natural disasters over the last 18 months, the global insurance outlook remains unexpectedly soft. This trend is counter-intuitive as, given the recent...

January 2012
Back to work

Though group disability claims due to Aids have continued to rise over the past decade, latest figures by Old Mutual show that the duration of Aids-related claims have remained short as a result of improved treatment...

January 2012
Cash switch

The local Collective Investment Schemes (CIS) industry recorded strong net inflows of R15-billion in the third quarter of 2011. This was only slightly lower than the R18-billion in net inflows attracted in the first...

January 2012
Equal vote

The Fiduciary Institute of South Africa (FISA) has adopted a new constitution, which means that FISA will now be driven by individual members as opposed to corporate members.


Speaking at a special...

January 2012
Consumer boost

South Africans who use the services of an intermediary when purchasing financial services products now have added protection with the launch of the Financial Intermediaries Association of Southern Africa’s (FIA) new...