"A good gap cover policy offers comprehensive cover that addresses various medical expenses not fully covered by traditional medical aid. This includes specialist consultations, hospital stays, and advanced treatments that may arise unexpectedly.,"…
"Temporary migrants can be defined as South Africans working outside of the Republic for more than 183 days in any tax year, of which 60 days must be continuous, but who have their families, social circles and primary residence in South Africa…
"Retirement planning doesn’t have to be complicated, but it’s something that requires attention and consistent discipline. The FNB Retirement Insights Survey 2024 shows that less than 10% of South Africans are financially ready for retirement,"…
“We expect the focus will be on stabilising the Two-Pot System. While the government has signalled its commitment to auto-enrolment, which could significantly expand retirement savings coverage to South Africans who currently work but don’t…
"HR teams across industries often face significant hurdles, including a lack of employee benefits due to affordability constraints or the absence of policies supporting their implementation. These challenges result in disengaged employees, higher…
"Our internal member data indicates that while 65 remains the official retirement age, only 25% of South Africans can afford to retire at this age. Most people will need to work an additional 15 years to achieve financial security in retirement,"…
"South Africa's legislative landscape is marked by conflicts and inconsistencies that can hinder effective governance and the successful implementation of public-private partnerships. Addressing these issues requires a concerted effort to harmonise…
"Regular check-ins after a withdrawal are essential. These conversations allow us to continuously update the financial plan to accommodate life's changes and ensure customers remain on track. By assessing the customer's financial landscape,…
"Living longer should be celebrated, but it also requires us to approach retirement planning differently. This summit is about giving people the tools to make sure the next chapter is their best chapter yet, no matter where they are starting…
"While we know that with freedom comes responsibility, the two-pot retirement system has shown us that with flexibility comes complexity. For new retirement savings plans, the two-pot retirement system should bring a good balance between protecting…
“The Two-pot system is a game-changer, providing access to funds for urgent financial pressures. But we also need to think beyond today. Are we solving today’s problems at the cost of tomorrow’s security? Understanding how this new system works…
"While a notable 17% of claimants selected 'Other' as their motive for withdrawal, the majority of reasons given here was for home improvements and renovations. This isn't really recommended as a good use of Two-Pot savings because it does not…
According to Actuary and damages expert Gregory Whittaker, cybercriminals frequently target retirees because they are likely to have access to capital through retirement savings, and the increasing complexity of financial products, more retirees…
"The two-pot retirement system presents a significant shift in how South Africans can access their retirement savings. While it offers more flexibility, it's also crucial to guide clients to understand the risks and nuances of this new system…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
Subscribe to our weekly newsletter to get the latest insurance and economic news in SA.
Insurance Biz proudly displays the "FAIR" stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council's website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 011 4843612.
© Insurance Biz 2008-2025
