http://www.itinews.co.zaThe complete South African Financial Services News and Information PortalCopyright (C) 2006editor@itinews.co.zawebmaster@itinews.co.zaenITINews RSS Generatorhttp://www.itinews.co.za/companyview.aspx?cocategoryid=52&companyid=251&itemid=BD807336-BC0D-494C-AB9B-332E5C869873Increased compliance and capital requirements may lead to some consolidation - The sustainability of the short term insurance industry in South Africa has received much attention in recent months, as stakeholders debate exactly how long companies operating in the industry can continue with falling profits and rising costs.editor@itinews.co.za (Cara Louw )Tue, 27 Sep 2011 12:00:00 AM GMThttp://www.itinews.co.za/companyview.aspx?cocategoryid=52&companyid=251&itemid=28169AA7-BD3C-4F99-87E8-11F451624F41The NHI project will be phased in over the next 14 years - Further clarity on the government's proposed National Health Insurance (NHI) initiative should be welcomed by all stakeholders, yet with the green paper suggesting that the project will be phased in over the next 14 years, it is essential employers do not stop offering medical scheme benefits to employees in light of the forthcoming change.editor@itinews.co.za (Janine Noble )Fri, 16 Sep 2011 12:00:00 AM GMThttp://www.itinews.co.za/companyview.aspx?cocategoryid=52&companyid=21903&itemid=F10116BA-8379-48C9-A75B-58C3FD8DFFFDThe exclusion of common-law wives and their children in the distribution of death benefits - Retirement fund trustees need to be more mindful of cultural norms when allocating death benefits to dependants of deceased fund members.editor@itinews.co.za (Lucy Reyburn)Mon, 05 Sep 2011 12:00:00 AM GMThttp://www.itinews.co.za/companyview.aspx?cocategoryid=52&companyid=22387&itemid=1BFB9425-881B-4999-9A09-A6C81A4406ECBut there is still hope for the future - South Africans are not saving enough for their retirement, says Sanlam CEO, Johan van Zyl, but "there is hope for the future" which can be improved through the establishment of a stronger savings culture. editor@itinews.co.za (Jenna Wilson )Wed, 17 Aug 2011 12:00:00 AM GMThttp://www.itinews.co.za/companyview.aspx?cocategoryid=52&companyid=21903&itemid=94AB29C9-35AB-4524-8B3D-18F786A8E2C4A cost-effective alternative to a testamentary or inter vivos trust for minor children - Retirement fund members need to know more about beneficiary funds as a way of ensuring their minor children's upkeep and education should they die.editor@itinews.co.za (Lucy Reyburn)Mon, 25 Jul 2011 12:00:00 AM GMThttp://www.itinews.co.za/companyview.aspx?cocategoryid=52&companyid=21903&itemid=4BED5430-9EAD-413F-A5AA-618AC3D28FC9"The industry in which we work fulfills a significant social function" - Fairheads Benefit Services has been named Trust and Beneficiary Administrator of the Year at the Imbasa Yegolide Awards held in Gauteng on Monday night and hosted by the Principal Officers' Association and Global Pensions.editor@itinews.co.za (Lucy Reyburn)Fri, 10 Jun 2011 12:00:00 AM GMThttp://www.itinews.co.za/companyview.aspx?cocategoryid=52&companyid=22806&itemid=66085F94-5718-4E76-9F4A-568026C5076ALess than 1000 medical specialists left in South Africa - As the world celebrated the World Health Day on 07 April, it became important to ask yourself: Do I have adequate medical cover in the event of a major medical emergency, such as heart surgery? editor@itinews.co.za (Thabiso Buku )Thu, 14 Apr 2011 12:00:00 AM GMThttp://www.itinews.co.za/companyview.aspx?cocategoryid=52&companyid=21903&itemid=8F29BCCB-1775-4437-856E-98961180A88DFinancial Services Board to embark on consumer education projects among the general public - An informal mini-survey into financial literacy among guardians in rural areas has revealed that an average of 50% are unable to complete forms in their mother tongue and 90% do not know basic financial literacy concepts such as the difference between capital and interest.editor@itinews.co.za (Lucy Reyburn )Tue, 21 Sep 2010 12:00:00 AM GMThttp://www.itinews.co.za/companyview.aspx?cocategoryid=52&companyid=21903&itemid=FAD0ACF4-A45B-4BC6-93DA-218933AA78D8In January 2009 the government introduced isikhwama sezimali yezindlalifa - These funds receive the money paid out by a company's retirement fund when an employee passes away.editor@itinews.co.za (Lucy Reyburn )Sun, 01 Aug 2010 12:00:00 AM GMThttp://www.itinews.co.za/companyview.aspx?cocategoryid=52&companyid=21903&itemid=FDA99A66-D053-4FD7-910C-A5A1BB6DC0B8Estimates the size of the "death benefit" industry to be between R12 and R15 billion - Beneficiary funds, which were introduced in January 2009 as a means of avoiding large-scale fraud such as Fidentia, have led to improved regulatory protection for the assets of "widows and orphans." editor@itinews.co.za (Lucy Reyburn )Wed, 02 Jun 2010 12:00:00 AM GMT