Fund ordered to hear full story before witholding benefit
A provident fund that withheld payment of a withdrawal benefit on the basis that the member had defrauded the company has been ordered by the Pension Funds Adjudicator to request the complainant to place her version of events before it.
Take It Easy
Risk mitigation is about helping your clients prepare for potential risks before they occur, allowing them to enjoy a worry-free holiday season. As financial advisers, this proactive approach helps build trust, strengthens relationships, and enhances the overall client experience. Help your clients relax with these tips from Johanni Jennings, Head of Auto&General.
Behind the Numbers
In the ongoing battle against financial crime, South Africa has taken a significant step forward. The Financial Intelligence Centre (FIC) has recently issued new guidance on Ultimate Beneficial Ownership (UBO), lowering the threshold expected for identifying controlling ownership from 25% to 5%. This change, detailed in Public Compliance Communication 59 (PCC59), represents a crucial shift in our approach to combating money laundering, corruption, and other financial crimes.
Together, We Thrive
At the recent Broker Leadership Forum, co-hosted by the Insurance Institute of Gauteng and Discovery Insure, industry leaders came together to discuss how brokers can thrive during uncertain times. How? By focusing on human connection and putting the clients’ needs first.
Beyond Traditional Demographics
Personalised advice builds trust and loyalty and is crucial for ensuring client satisfaction and forging lasting relationships. This is especially true for healthcare advice, as the purchase of medical cover will most likely be for the medium to long term, unlike fast-moving consumer goods and one-off services. Learn how valuegraphics can take you to the next level as an adviser.
Smooth Sailing
The purchasing of a pleasure craft can be an exhilarating experience as it is considered a luxury acquisition. However, it is often an expensive investment that might require the owner to protect it against risks such as accidents, theft, vandalism, or natural disasters which can lead to substantial financial losses.
Safe Travels
When you set out on holiday, remember: the most precious cargo is the people in your vehicle. Use these tips to prioritise their safety.
It’s All Connected
“In an increasingly complex and interconnected world, the most successful insurance providers will be those who recognise the power of connection,” says Tarina Vlok, MD, Elite Risk Acceptances, a subsidiary of Old Mutual Insure.
Fire Watch
Predictive models for wildfire risk offer a solution for building safer communities through data-driven insurance solutions. However, success requires collaboration.
Field Of Dreams
With the impacts of climate change and other risks affecting farming, agriculture insurance has become an essential tool for the sustainability of farmers’ livelihoods, as well as a key contributor to food security.
