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May 2011
Developing a culture

The most effective way for organisations to identify and eliminate employee fraud is for leadership to develop a culture of openness and honesty, providing channels for the reporting, detection and successful prosecution of fraud....

May 2011
LexisNexis is here to help……

Debate has flared within the financial services sector following the implementation by the Financial Services Board (FSB) of compulsory regulatory examinations for all practicing financial services professionals before end 2011. Candidates...

May 2011
Full control…..

The first question usually asked when insuring home contents is whether the private home has an alarm system.

Wayne Richards, Mutual & Federal group manager for Underwriting and Product Solutions, says this would depend on...

May 2011
Promises, promises…

I had been with Vodacom since 1993, pretty well close to its launch; and thought it was time I had a look to see if the grass was greener on the other side. I chose MTN (because Cell-C was rather offish across one of their walk-in counters...

May 2011
Time to buck the transport cowboys

A growing concern for all insurance underwriters (and South African road users) is the deteriorating commitment from some transport operators to manage their risks. The frequency and severity of commercial vehicle claims is on the rise....

May 2011
Balancing probabilities

When a number of employees become involved in the same misconduct their actions are generally known as collective misconduct. This can take a number of different forms and difficulties face the employer in regard to the basis upon which the...

May 2011
Study notes

If you are not happy with the service and cover you are getting from your insurer, shop around for a policy that best meets your needs.

Nothing wrong in that; but consumers must be aware of the pitfalls involved in changing...

May 2011
The bank’s chequered history

If you are planning to use your chequebook, you are encouraged to check the fees first. They are awful.

Most of us make payments in cash or by credit card these days. Debit cards (like a credit card except the debit is...

May 2011
Disclosure is a two-way street

New consumer legislation is promising South Africans international standard protection. This means that service providers like insurance companies are required to disclose in full their terms and conditions of cover to clients. The rights...

May 2011
Nitwits on networks

Tomorrow’s executive high flyers could be brought crashing down by today’s social networking indiscretions. Unseemly photos, uncomplimentary comments about the boss and unthinking references to projects and clients could prove career-...

May 2011
The enemy within

The majority of data contamination and loss of intellectual property occurs as a result of security breaches within an organisation. For this reason, South African businesses are urged to tighten up the security of their internal data...

May 2011
Outsourcing benefits

People with disabilities experience high unemployment and often remain in low status jobs. Yet there is a lot that companies can do to accommodate disabled employees, benefit from their skills and abilities and meet legislative targets....

May 2011
Antiretroviral progress

The latest AIDS and Demographic model from the Actuarial Society of South Africa shows that the rapid expansion of the country’s antiretroviral (ARV) programme appears to have slowed down the AIDS mortality rate in recent years. Research,...

May 2011
Making a plan

Persistent increases in the cost of medical aid benefits, often way above the ruling rate of inflation, are doing nothing to support the government’s attempts to broaden access to health care in South Africa. It has reached the point where...

May 2011
Volunteer some more…….

Investors in retirement funds, whether retirement annuities (RAs), pension funds or provident funds, will now have to restrict their total exposure to offshore assets to 25% of their portfolio.

While this is an increase over...

May 2011
Avoiding grief

In times of trauma or grief, you and your loved ones should not have to deal with the stress of being denied disability benefits or having a life policy payment rejected or delayed.

“Ensuring that you are paid when you call on...

May 2011
In good health

South African life insurers attracted R66 353m in new individual premiums last year, made up of R52 787m in single premiums and R13 566m in recurring. This represents a 7% increase from 2009 when South Africans bought life insurance...

May 2011
Emerging hope

It is always fascinating to look back at tables that rank performance across shares, various asset classes and even countries. “Increasingly, South African investors are part of the global arena, despite the fact that over the last 10 years...

May 2011
Affording prospects

Improvements in the ‘affordability’ of residential property can be traced from as far back as the second quarter of 2008. The index representing the average house price/average employee remuneration has declined by 23% from the 1st quarter...

May 2011
Out of time

Talk to anyone who’s been investing for longer than 10 years and you will no doubt get to hear their views on the rand. The performance of their offshore investments over this period will no doubt heavily bias their views. Many investors...

May 2011
Dreadful performance

South Africa scored the second worst of 22 countries in the Morningstar Second Global Investor Experience Study, which evaluates investor-friendly practices in fund markets worldwide. This comes as no surprise to Steven Nathan, Chief...

May 2011
Study leave

The combination of increased time, cost and regulatory pressures, skills shortages and the introduction of regulatory examinations could accelerate in industry consolidation, particularly amongst short term insurance brokerages.

...
May 2011
FIA deal

South African financial advisers are now able to write the Level 1 Regulatory Examination, which is compulsory for all financial services providers, in Afrikaans. This follows legal opinion canvassed by the Financial Intermediaries...

May 2011
Guideline time

The National Credit Regulator (NCR) has published the Compliance Report, which all credit providers are required to complete and submit to the NCR on an annual basis under Guideline 02 of 2010.

The Compliance Report must cover...

May 2011
Mutual success

PPS, the financial services company that offers insurance, investments and healthcare products for graduate professionals, has announced that for the second consecutive year, its 200 000 plus members received over R2 billion in allocations...