• Sharebar
August 2006
Currently curious

The Financial Services Board has taken issue with my article about the fact that a person who is not licensed in terms of the Financial Advisory and Intermediary Services Act 2002 may still use the title ‘Financial...

August 2006
Hijack and heist

Cash-in-transit suspects stopped in their tracks

Within an hour of a cash-in-transit heist taking place in Benoni two suspects were shot dead, another was injured and four more arrested. In addition, four...

August 2006
What are your benefits?

Government has previously identified small business development as a key initiative in its strategy for economic growth and job creation. The proposals in this year’s Budget further enhance the tax concessions already...

August 2006
Tool of Tyranny

Modern foreign exchange (forex) controls were introduced in Nazi Germany just before the Second World War in a vain attempt to stop fleeing Jews from taking their assets with them. Hitler’s gold and foreign currency...

August 2006
10 ways to happiness

The Office of the Ombudsman for Short-term Insurance has seen a rise in complaints from policyholders in 2006 – partly due to problems where claims are not paid because insurers say incorrect information was supplied...

August 2006
Let there be cheap light

Eskom introduced a programme to promote energy saving through the free supply of Compact Fluorescent Lamps (CFLs) – which ran until 31st July 2006.

Contractors visited homes around South Africa offering...

August 2006
Look out

The recent spate of judgments in favour of public liability claimants points to an increasing interest in consumer protection issues. Almost every day there is a case reported of a hospital, school, or retail outlet...

August 2006
Spam story

I have a suggestion to deal with spam.

Generally defined as ‘unsolicited email’, perpetrators can utilise mass mailing techniques afforded by the World Wide Web to sell or to perpetrate a scam, and it...

August 2006
Niche products expanding

Independent underwriting manager, Diagonal Insurance Solutions, has revamped its product range with the launch of the MyStyle series. This new range of short-term insurance solutions was formed on the back of a...

August 2006
Early rewards

Intec School of Insurance urges companies and compliance officers to plan their training for next year well in advance. This is aside from the fast-track programmes currently running to meet the October 2006 FAIS...

August 2006
Johannesburg growth

Pam Erasmus has been appointed as Johannesburg business development manager for ICG Learning Solutions - the division of International Colleges Group working with Intec School of Insurance to offer learning solutions...

August 2006
Boosting skills

Metropolitan Life has undertaken the largest insurance learnership initiative in South Africa to date. This will be a full theory and practical learnership programme for more than 700 brokers leading to a nationally-...

August 2006
A policy in its own right

Financial advisers have a critical role to play in helping clients buy the right levels of disability cover and in making sure that such cover is properly aligned with that provided by other policies.
The...

August 2006
Fair enough

In a recent determination the Pension Funds Adjudicator raised a number of questions about smoothed bonus funds, their use of the Market Value Adjuster (MVA) and the purpose of the fund stabilisation reserves....

August 2006
Conceptual hitch

Funds that aim to outperform inflation are increasingly popular among investors and retail fund managers. There are, however, several conceptual difficulties with an inflation related benchmark, which could see...

August 2006
Sensible way

Many investors may have wondered whether they should sell out of the current equity market. Bear markets are painful and the most recent, in 2002/3, lasted almost a year and left investors who were pegged to the All...

August 2006
Normalisation

The volatility in financial markets since mid-May has unnerved many people and re-awakened the ghost of the 1998 emerging-market crisis. However, the important question is to what extent the fundamental economic...

August 2006
Stay calm, stay focussed

It was certainly a shock to see almost 17% shaved off the JSE All Share Index from its record peak of 22 094 on 11th May 2006. The ‘correction’ so-called lasted until 13th June when the index had dropped to 18 380....

August 2006
Lack of planning

Current media headlines about the potential impact of avian influenza, or H5NI, alternately emphasise its statistical and imminent probability, or discount it entirely as any threat to the business world.

...
August 2006
Central approach

Centriq Insurance was launched in Johannesburg the end of March. According to the company it is “South Africa’s first black empowered insurance group specialising in risk finance, cell captives, underwriting...

August 2006
Broker advice

Impending changes to the Road Accident Fund legislation create an opportunity for short-term insurance advisors to demonstrate the value of brokers in a fast-changing regulatory environment.

This positive...

August 2006
Coming together

In a unique display of unity, the six major bodies that represent financial intermediaries have collaborated to address the consumer protection issues raised by the determinations of the Pension Funds Adjudicator,...

August 2006
A cross marks the spot…

There is some confusion in South African aviation circles about airfields and the regulations that control them.

The latest regulations fall under Part 139 of the Civil Aviation Regulations. There are two...

August 2006
Set match

It’s welcome back for international insurance and reinsurance group ACE, which recently added South Africa to its global network. The group has offices in more than 50 countries and a global workforce exceeding 11,000...

August 2006
MUA extends licence

Specialist insurer MUA Insurance Company Limited has had its FSB Licence extended from executive and classic motor to include a broader range of personal lines insurances including, for example, buildings insurance,...

August 2006
Broker opportunity

Dental Information Systems (Pty) Ltd (Denis) is the largest independent dental claims administrator in South Africa. It currently has seven medical aids as clients covering 1,5 million lives in dental insurance...

August 2006
Time running out

Time is running out for the thousands of current and former Old Mutual policyholders who have not yet claimed their shares due to them following the group’s demutualisation in 1999.

Unclaimed shareholders...