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Press Archive »

You are your family’s most precious asset

Published: Wed, 22 Mar 17

‘Insurance’ is a word usually avoided in conversation and generally considered a grudge purchase. Alexander Forbes Life Head of Actuarial and Specialist Services Joretha Bothma says the vast difference in the ratio of South Africans with life cover and those with short-term vehicle insurance “indicates ...
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Consumer experience and efficiencies: the core focus for the FSB’s transition to FSCA

Published: Mon, 20 Mar 17

            Advocate Dube Tshidi, Executive Officer at FSB                     It has been said many times that that the only constant is change. This rings true for the Financial ...
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Plan ahead for tombstone unveiling costs

Published: Wed, 15 Mar 17

            Lee Bromfield, CEO of FNB Life                     Consumers who don’t adequately plan for post funeral expenses may find themselves having to borrow money ...
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Even in tough economic times, life insurance is affordable and essential

Published: Tue, 14 Mar 17

Most economists are predicting another tough year for South African consumers with economic growth likely to be slow, household costs such as food, power, education and healthcare on the rise, and possible tax increases on the horizon. All too many South Africans are neglecting to purchase life insurance or to keep ...
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Run Cancer Outta Town with Cancer Insurance

Published: Mon, 13 Mar 17

We’ve barely recovered from hairy, prickly upper-lipped men showing their support for Movember (some Mo’s regrettably persisted well into the new year), only to find that a few thousand men will be running the streets of Jozi, the Mother City, Durbs and Mbombela in the Hollard Daredevil Run, wearing nothing ...
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Pros and cons of fixed life insurance premiums

Published: Mon, 06 Mar 17

            Lee Bromfield, CEO of FNB Life                     More often, people choose life insurance cover without fully understanding the difference between fixed and escalating ...
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Gap cover still crucial to prevent in-hospital medical bill surprises

Published: Thu, 02 Mar 17

Cape Town: When stricter regulation for Gap Cover come into play in April this year, it is important that we are not discouraged from taking out this crucial form of medical insurance, says Feroza Joosub, Head of Sanlam Gap Cover. The so-called new ‘demarcation regulations’ are expected to cap ...
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The impact of new gap cover and hospital cash plan laws

Published: Tue, 28 Feb 17

      Sujeeth Bishoon, executive head at Acuideas             Johannesburg, Gauteng: After four years of debate, new regulations regarding gap cover and hospital cash plans will be enforced as of the 1st of April 2017. Government ...
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Information Regulator – more than a POPI regulator

Published: Tue, 28 Feb 17

By Tatum Govender and Rakhee Bhikha Norton Rose Fulbright South Africa Inc. In her latest briefing session on 13 February 2017, advocate Pansy Tlakula, Chairperson of the Information Regulator, elaborated on the work that the office of the Information Regulator will be focused on and the progress they have made ...
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Liberty continues to preserve value despite challenging operating environment

Published: Fri, 24 Feb 17

Management takes active steps to address some of the shorter-term challenges   Financial Highlights Normalised headline earnings per share up 904. 5 cents Capital adequacy ratio strong at 2. 5% Normalised operating earnings down 37% Assets under management (AUM) of R676 ...
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Budget 2017: Long-term wealth planning essential to limit effects of new super tax rate in SA

Published: Wed, 22 Feb 17

Johannesburg: A total R28 billion in tax hikes were announced in the 2017/18 Budget, with personal income taxes for South Africa’s wealthy making up the bulk of these increases. In combination, amendments to the personal income tax tables are expected to provide additional revenues of R16. Notably, a new top ...
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Rising life expectancy means you must rethink your assumptions about financial planning

Published: Tue, 21 Feb 17

Are you hoping to retire in your early to mid-sixties? If you’re under 50, you should probably rethink your plans. As life expectancy soars thanks to healthier lifestyles and the latest advances in medicine, most of us should be expecting to retire later as well as looking to increase the amount of money we ...
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FSB fines Lombard Life Limited

Published: Tue, 21 Feb 17

The Registrar of Long-term Insurance (the Registrar) referred a case against Lombard Life Limited (“Lombard Life”) to the Enforcement Committee of the Financial Services Board. Lombard Life, during the period October 2014 to November 2015, rejected 114 insurance claims. In 86 instances ...
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South Africans urged to engage with 2017 Budget

Published: Mon, 20 Feb 17

Pretoria: South Africans are urged to engage with the 2017 National Budget Speech that Finance Minister Pravin Gordhan will table in Parliament on Wednesday. “The presentation of the National Budget is an important part of our open and accountable budget process. It outlines the finances available for the implementation ...
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Life insurance of the future is more personal, convenient and accessible

Published: Thu, 16 Feb 17

Life insurance is set to become more personalised, more convenient and more accessible as leading life insurers begin to more aggressively adopt disruptive digital technologies to change the ways they interact with customers and operate their businesses. As a result, the industry will be able to expand its reach into ...
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Save money by combining your funeral policies

Published: Mon, 06 Feb 17

            Lee Bromfield, CEO of FNB Life                     Many consumers are not aware they are paying more than they should on funeral premiums by having more than one ...
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Sanlam launches pay-as-you-go accident cover app

Published: Fri, 03 Feb 17

Cape Town: South Africans and tourists visiting this country can now purchase instant accident cover on demand via their smart phones, thanks to a new app by Sanlam. Go Cover, a first on the South African market, requires a simple once-off registration after downloading and optional nomination of a beneficiary ...
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The Financial Planning Institute announces Crue Invest as an FPI Approved Professional Practice™

Published: Tue, 31 Jan 17

Johannesburg: Last week, Crue Invest became part of an elite group of financial planning businesses when it was recognised as an FPI Approved Professional Practice™, making it the 13th financial planning business in the country to receive this prestigious recognition. “We are pleased to have ...
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Allianz Worldwide Care Appoints FleishmanHillard as Global PR Partner

Published: Mon, 30 Jan 17

Allianz Worldwide Care has announced the appointment of FleishmanHillard as their new global public relations agency, following a competitive tender process. Allianz Worldwide Care has one of their main operational hubs in Dublin, Ireland, and FleishmanHillard will manage the global PR hub from there. Allianz ...
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Celebrating a tradition of success: Kutlwanong Centre for Maths Science and Technology’s top achievers

Published: Thu, 26 Jan 17

Johannesburg: Liberty and Kutlwanong Centre For Maths, Science and Technology, are proud to announce the 2016 matric results. Of 147 learners at the Katlehong centre east of Johannesburg, 51 achieved distinctions for maths, and 44 achieved distinctions for science; while the 102 learner’s at the Umbumbulu centre ...
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Consequential Loss:

A loss not directly caused by damage to property, but arising as a result of such damage. For example, lost production and loss of profits following a factory fire. See loss of profits insurance.
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