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October 2006
Interesting episodes

Over the past decade, the combined efforts of Tracker and the SAP, have led to the arrest of 6 230 suspects, and the recovery of 30 450 vehicles. An additional 1 360 non-Tracker fitted vehicles have been recovered....

October 2006
A living nightmare

No one would disagree that there are serious problems in the retirement provision business. Various market players are trying hard to respond to criticism by discussing reform, while the consumer gains confidence in...

October 2006
What’s your case?

South Africa has enjoyed a long spell of economic growth, vibrancy within certain sectors, a post apartheid dividend and the rewards of stoic monetary and fiscal policy. These facts have not escaped the attention of...

October 2006
Yield pursuit

Yields on fixed income investments are at historically low levels despite the recent 50 basis points hike in interest rates. Conservative investors can, however, enhance their after-tax returns without undue exposure...

October 2006
Global statistics

The latest global figures show that investors are targeting equity collective investments with a vengeance. In the first quarter of this year some US $246 billion was invested in equity unit trusts. This was roughly...

October 2006
Low entry, low charges

Sanlam has just launched a savings plan that allows you to invest in the stock market at affordable rates and ensures that your money is safe.

The Sanlam Topaz Personal Investment Plan offers the benefits...

October 2006
May be bullish again

Some analysts seem to think a bull run in global stock markets is ‘coming alive’. Stanlib even believes the traditional year-end rally may well have begun - somewhat early this time. It gives this a 70% probability....

October 2006
Changing world

“A well-regulated industry is important for investors, financial advisors, and the industry; and of course, to attract inward investment into South Africa,” noted Inve$ting Abroad editor, David Bamber. He was...

October 2006
Fit and proper

The Financial Planning Institute (FPI) has announced a new training programme for Health Care Advisors, which offers this previously-neglected industry sector the opportunity to obtain the required Financial Advisory...

October 2006
Getting ahead

With training for the 30 and 60 credits required by the Financial Advisory and Intermediary Services (FAIS) Act well on its way, the focus is moving to the next stage, obtaining the “full qualification.”

...

October 2006
Durban move

Jane Bruwer has been appointed as KwaZulu-Natal business development manager for ICG Learning Solutions. This division of International Colleges Group works with Intec School of Insurance to offer learning solutions...

October 2006
Indian perspective

Peter Kurian, chairman of the Association of Mutual Funds in India (AMFI), charming, avuncular and with a twinkle in his eye announced that, “The consumer is king; but he should not be so avaricious as to make our...

October 2006
Not listening

According to the 2006 survey by PricewaterhouseCoopers, Emerging Trends and Strategic Issues in South African Insurance, long-term companies expect premiums to grow by 61% to R154 billion by 2009; and indeed expect...

October 2006
Promoting intermediaries

“Following my opening address at the LOA Convention I have come to realise that some delegates were left with the impression I wanted life assurers to restructure their products in such a way as to reduce the need for...

October 2006
Things to do

Forcing the consumer to do something is always a bad idea. His ability instead to decide not to buy or to prefer another product makes him a vital arbiter of quality, design and cost efficiency.

Thus,...

October 2006
Vesa ways

Everybody wants fully comprehensive vehicle insurance, but not everyone can afford it and still have a low enough excess. Allen Harington, chairman of the Vehicle Security Association of South Africa (VESA), has a few...

October 2006
Riding without cover

Farmers and small business owners transporting labourers on the back of bakkies – if not insured correctly – could land themselves in financial trouble.

WP Pienaar, Manager of Commercial Motor...

October 2006
Age old story

If you are over the age of 55 you can benefit from lower premiums and have the excess on your motor insurance claims waived. The only other condition is having a low insurance claims track record.

Herman...

October 2006
Handy advice

When was the last time you had your jewellery valued? Replacement cover even for sentimental pieces can prove inadequate if you lose jewellery, particularly in a weakening rand environment. This is according to John...

October 2006
Prosperity trap

The short-term insurance adviser has a key educational role to play as consumers confront what amounts to a ‘prosperity trap’. In the process, substantial new business opportunities may emerge.

Mutual...

October 2006
SAIA annual report

The short-term insurance industry still experienced some good times in 2005 after the record highs in profits experienced in 2004. The state of the short-term insurance market was reflected upon, amongst other...

October 2006
Natural correction

There is a ‘natural correction’ taking place in the general short term insurance market — meaning higher premiums, lower profits and less competition. Mutual & Federal’s experience seems fairly representative of...

October 2006
More on horizon

Mutual & Federal has hailed the successes achieved by the first graduates of its Financial Sector Charter Learnership Programme and committed itself to on-going preparation of unemployed black matriculates for a...

October 2006
Flights of fancy

There has been a lot written about African safety and the lack of it. I think most commentators recognise that South Africa does pretty well even by first world standards, and, strangely, Ethiopia has an excellent...

October 2006
Dead right

Why is it that a buoyant and growing economy cannot provide jobs for young people? According to statistics there are no jobs available for at least 26,7%  of the population (actually, 38,8% if you count those who...

October 2006
Looking after you

In keeping with its slogan, ‘We’re looking after you”, Auto & General Insurance has recently redeveloped its broker website. The new website (www.agbroker.co.za) will have a positive spin-off for the independent...

October 2006
Weakening cycle

In line with general market experience Santam’s underwriting performance also came under pressure during the first half of 2006 — due to the “continued softening of the insurance cycle as well as an escalation in the...

October 2006
Good mix

For the six-month period to 30th June 2006 Mutual & Federal’s gross premium income amounted to R4,3 billion (2005: R4,0 billion), an increase of 8% over the previous year. However, the general insurance result...

October 2006
Money talks

One person dies every half-hour on South African roads, while the aftermath costs insurers more than R5billion a year.
Dr Lawrence Barit, the co-ordinator of the ‘Stay Alert, Stay Alive’ campaign, says...