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As a central knowledge portal to the retirement and related industries, EBnet publishes a range of daily articles submitted by a range of industry organisations, experts and contributors. Readers can also comment on and contribute to articles.

With the cost of living on the rise, it’s not surprising that South Africans continue to suffer from money-related stress, as indicated by the 2018 Old Mutual Savings and Investment Monitor (OMSIM).

It’s also not surprising that the less you earn, the greater your stress. Low earners already struggle to cover day-to-day expenses and are not able to absorb higher prices or unexpected financial expenses.

John Manyike, Head of Financial Education at Old Mutual, points out that low earners (households earning less than R6000 per month) are now spending about 79% of their income on consumption, the h...


  1. Governance: A well-run fund is critical to protect members.

  2. Flexibility and choice: Each employer is different, and the umbrella fund needs the ability to meet your specific needs.

  3. Investment strategy: Enabling members to earn returns well above inflation for most of their working life is crucial to achieving a reasonable replacement ratio.

  4. Risk benefits: Can your current structure be replicated, or can a similar structure be put in place without prejudicing certain fund members?

  5. Preservation options: Since preservation is one of the most important w...

Yes, smoking does kill. Despite the alternative facts on the internet or comparisons of how it fares against other drugs, medical evidence remains: smoking cigarettes causes one-third of all cancer deaths. This is according to recent research by the American Cancer Society which found that smoking cigarettes does not only increase the risk for lung cancer, but it can directly cause 12 types of cancers.  But while smokers choose to exercise their habit, this Anti-tobacco month, the spotlight needs to focus on the rights of non-smokers, who run the risk of developing health issues from passive s...

Google’s parent company, Alphabet, delivered convincing second quarter results on Monday, beating analyst expectations across the board. Just days after being hit by a $5-billion antitrust fine by the European Commission, the company reported $32.7 billion in revenue for the three months ending June 30, up 26 percent from last year’s second quarter. 

Alphabet’s profitability took a severe hit in the second quarter, but investors have little to worry about, because the drop in net income can be entirely traced back to the impact of the antitrust fine Google has just been hit with. After a...

Personal notes and observations by Kobus Hanekom subsequent to workshops arranged by the Pension Lawyers Association in Cape Town, Durban and Sandton lead by Rosemary Hunter and himself.

The FSCA’s draft guidance notice on section 7B exemptions has caused a great deal of controversy and debate in the retirement industry. A part of the debate relates to some of the specific proposals made. The more significant debate however revolves around those issues that were not mentioned and discussed. These include the role and function of the sponsor in all commercial funds. As South African employers mi...

The purpose of regulatory reform is to establish a set of rules and guidelines within an industry that will determine how business is done within that industry.

Treating Customers Fairly (TCF) is a key document that regulates the industry. If insurers and brokers adhere to these outcomes, the client will receive the best outcomes from interactions with insurers or brokers. 

Are all companies coping with the objectives set out by TCF? We spoke to Odette de Beer, Manager: Group Customer Conduct at Hollard, to find out the company's views on TCF and its impact on the industry. 

An effective referee


July 23, 2018

The FSCA confirms that the recognition of the Financial Planning Institute (FPI) as an examination body will be withdrawn. The process of transferring all examination data, records and archives over from the FPI to the FSCA will be completed by November 2018.

The FPI will continue to provide the following support function until all examination records have been transferred over to the FSCA, and all exam records have been reconciled:

1) Attending to all queries in respect of examinations that were conducted by the FPI up to 12 June 2018;

2) Assistance in obtaining duplicate FPI examination certif...

July 23, 2018

The Financial Sector Conduct Authority (FSCA) is pleased to announce that some of the key executive positions have been filled.

In terms of section (62) (1)(a) of the Financial Sector Regulation Act (FSRA), Mr. Abel Moffat Sithole, as the Commissioner of the FSCA has appointed the following individuals on 2 year contracts as operational Divisional Executives:

  • Mrs. Caroline da Silva, Divisional Executives: Regulatory Policy

  • Mr. Jurgen Boyd, Divisional Executives: Market Integrity

  • Mr. Marius du Toit, Divisional Executives: Specialist Support

  • Mr. Olano Makhubela, Divisional Execu...

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