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May 2012
Broader horizons

Marsh’s recent acquisition of Alexander Forbes’ Risk Service business is set to make global risk assessment and management tools available to local farmers, farmers unions and agricultural co-operatives and traders....

May 2012
Only sentiment glitters

Gold has a very significant place in the history of both the world and finance, so its return to the front pages was always more a matter of “when” rather than “if”. Gold bulls have looked like very clever people for...

May 2012
Tough lesson

Much has been written about the impact of 2008 and its aftermath on those actively employed and saving for retirement. “Not much, however, has been written about pensioners,” notes Alan Wood, Head of Institutional...

May 2012
Preservation point

Certain aspects of government’s retirement reform proposals, such as compulsory preservation, are to be supported. Marius Fenwick, Chief Operating Officer of Mazars Financial Services, explains that relying solely on...

May 2012
Easter spending

Latest February statistics released by Spark ATM Systems indicate that consumer spending and trading conditions are gradually stabilising, following a significant drop in withdrawal values from December 2011 to...

May 2012
Avoiding financial disaster

When you are planning an overseas holiday, insurance is usually the last thing on your mind. But travelling without proper insurance can leave you and your family destitute if anything happens. Accidents can and do...

May 2012
Text book terror

With 2012 already in full swing, those of us with younger children would have already shopped for new uniforms, would have packed a good few weeks’ worth of school lunches and would long-since have started with our...

May 2012
Equity brief

After an eventful 2011, in which stock market investors around the world experienced poor or lacklustre returns, the first two months of 2012 tell a different tale. As seen in table 1, markets have enjoyed a strong...

May 2012
Candidate alert

All candidates that have not yet written the examinations are requested to do so without delay to ensure that they are accommodated on their preferred dates and times. The deadline is 30th June 2012. The FSB is...

May 2012
Necessary step

The Financial Services Board has decided to include provisions for stronger actions to protect the investments of consumers in the draft Financial Services Laws General Amendment Bill. ...

May 2012
Smoothing benefits

For the ninth successive year, Old Mutual Corporate has declared positive bonus rates across all pricing interest rate categories for its Platinum Pension 2003 with-profit annuity. 

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May 2012
Bonds buy time

The origin of central banking dates back to the establishment of the Swedish Riksbank and the Bank of England in the seventeenth century. These institutions were created for...

May 2012
The right balance

Life assurance is normally used to off-set liabilities and support any dependents of a deceased person. On the other hand, to focus too much on this provision at the expense of saving for your retirement is not the...

May 2012
Risk only

Changes in circumstances often require changes in the ownership of risk-only policies, for example changes to buy and sell agreements. Changes in ownership often resulted in capital gains tax being levied on the...

May 2012
Making them stick

With restraint of trade agreements on employees in South Africa becoming increasingly difficult to enforce, it is vital that companies pay careful attention to issues such as scope and duration of these contracts as...

May 2012
Reducing risk

Smoothed bonus funds are customised insurance products that have been designed to meet the needs of retirement fund members. Although unfashionable with advisors seeking to justify on going fees by attempting to...

May 2012
Down to business

The retirement fund industry has moved beyond a philosophical dialogue on the impact of legislation. Instead, businesses are now making real decisions with legislation in mind. This is significantly altering the way...

May 2012
Fatal mistake

The spate of fatal aircraft accidents over the last 18-24 months has highlighted the fact that many aircraft owners and operators are significantly under-insured in terms of their liability cover. This could be...

May 2012
Get it while it’s cheap

Claims against directors and officers are expected to increase exponentially, spurring companies to reinforce their D&O liability insurance in the face of a growing litigious environment. The three main areas of...

May 2012
People mix well

The economic pain being suffered in many developed economies relates, ironically, to higher standards of living that have resulted in longer life expectancies. In the developing world, however, the demographics are...

May 2012
ConFETI

The 2011 FETI/HETI pilot class has graduated, with several using the qualification to enter university. The education programme is offered as a way of increasing the number of qualified professional financial planners...

May 2012
Time is running out

Time is running out for those Financial Service Providers (FSPs) who have not yet completed the RE1 (Key individual for category I, II, IIA, III and IV) and/or RE5 (Representatives of Categories I, II, IIA, III and IV...

May 2012
No extension

With the Financial Services Board’s (FSB) announcement that there will be no further extension to the 30th June 2012 deadline for all South African financial intermediaries to complete the FSB Regulatory Exams, those...