• Sharebar
October 2010
More TERs to wipe away

A typical TER disclosure is as follows:

TER: 2.65%
The Happy Equity Fund, A class has a Total Expense Ratio (TER) of 2.65%. For the period from 1st April 2007 to 31st March 2008, 2.65% of the average...

October 2010
Steady decline in surrenders and lapses

Life industry reports a South African life insurers reported a 15% increase in new individual business for the first half of this year, compared to the same period last year. During the first six months of this year,...

October 2010
Good record for JSE

The Latest World Economic Forum (WEF) Competiveness report ranks South Africa 1st out of 139 countries for its regulation of securities exchanges. Last year it ranked in 2nd place with Sweden in the top position....

October 2010
Relationship theory

Some of the main statistical measures used in Modern Portfolio Theory are:

Standard Deviation; R-Squared; the Sharpe Ratio; Alpha; and, Beta.
“All of these ratios can be used to analyse funds on a...

October 2010
Notable delays

The Fiduciary Institute of South Africa (FISA) says there is room for improvement of the estate administration process in South Africa, and calls on the authorities to resume discussions on the implementation of a...

October 2010
After death

Altrisk’s new death income benefit provides a monthly income to a beneficiary for either 12 or 24 months after the life insured’s death. The company believes the product is suited to clients who want the certainty of...

October 2010
Major concession

Current tax law provides for a concession for the transfer of a residence from a company, close corporation or trust to an individual without incurring tax liabilities such as Secondary Tax on Companies (STC), Capital...

October 2010
Lynx bares teeth

Heavy trucks really damage our roads, and they’re a darn nuisance when they travel in a convoy. Nor does it make sense to use so much diesel to shift goods around when we have a perfectly good railway system that is...

October 2010
Skills upgrade

New, more stringent requirements for compliance officers dealing with FAIS (Financial Advisory and Intermediary Services Act 2002) have been gazetted.

FAIS impacts on all financial institutions that are...

October 2010
As good as the advice

Consumers will get better advice, service and satisfaction from insurers if they fully disclose information relevant to the risks they wish to insure – and ask the right questions.

“Insurers rely...

October 2010
Saving consumers

Nearly 80% of people buy life products to look after their partner and children in the event of death or disability, a survey has found. The Discovery Life survey also found the key driver that spurs people to change...

October 2010
Plain and simple?

The insurance industry is set to experience some radical changes when the forthcoming Consumer Protection Act (CPA) comes into force in October this year. One of these is the fact that all documentation that insurers...

October 2010
Corporate catch

Companies working abroad should be aware of the territorial limits of their group insurance scheme. Employees will only qualify for the death and disability benefits offered by their employers insurance schemes if...

October 2010
African springboard

A number of proposed changes to South Africa’s tax rules first published in May 2010 were greeted with considerable enthusiasm, as it was felt they would reinforce the country’s credentials as a gateway for investment...

October 2010
Addressing the skills shortage

It is hoped that a new education and training initiative will increase the number of qualified professional financial planners working in South Africa by making it easier and more affordable for students to gain the...

October 2010
Positive development

The Registrar of the Council for Medical Schemes (CMS) has given approval for the planned transfer of Ingwe Health Plan to Momentum Health medical scheme as from 1st September 2010.

Commenting on the...

October 2010
Careful evalutaion

The Registrar of the Council for Medical Schemes (CMS) has approved the proposed merger between Medshield Medical Scheme and Oxygen Medical Scheme. Following a few months of careful evaluation and consultation the...

October 2010
Third largest

The merger of Metropolitan and Momentum will create the third largest listed insurer in South Africa with an embedded value of around R30 billion.

Momentum CEO, Nicolaas Kruger, will become the CEO of the...

October 2010
Competing on price is a race to the bottom

I was so glad to come across this report recently, which proves my point that any call to depreciate the rand is completely daft. Productivity is what we want, not a manufacturing sector breast-fed into weakness by a...

October 2010
A lot to think about

FNB has gained considerable market share amongst ThinkMoney.co.za subscribers over the past three years – moving from 23.8% of its member base (in 2007) to 30.8% in 2010.

Nedbank has also grown in...

October 2010
Apply or explain......

John Oliphant is the chairman of the stakeholder committee that has been drafting the Code, and also Head: Investments and Actuarial at the Government Employees Pension Fund (GEPF).

He says the UK is the...

October 2010
From Old Mutual

Seelan Gobalsamy is to become the new Chief Executive of Liberty Corporate with effect from 1st December 2010. He moves from Old Mutual, where he most recently held the position of Managing Director for Old Mutual...

October 2010
Dirty washing

From 4th October 2010 casinos, motor vehicle dealers and attorneys are obliged to report cash transactions of R25 000 or more to the Financial Intelligence Centre (FIC). This is in terms of a notice in the Government...

October 2010
Duty of understanding

Proposed amendments to the Short Term Insurance Act have been welcomed by financial services group, Risk Benefit Solutions (RBS), as being well thought out and bringing clarity to the industry.

“The draft...