Tag ArchivesASISA

Life Insurance

Life insurers paid 99.3% of underwritten life policy death claims last year

Life insurers paid 99.3% of all claims against fully underwritten life policies last year, resulting in benefit payments of R14.4 billion to beneficiaries following the death of a loved one. Fully underwritten life policies are only issued if the policyholder has completed a full underwriting process, which involves a comprehensive assessment of the life insured’s […]

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ASISA: A tough first quarter for local collective investment schemes

The local Collective Investment Schemes (CIS) industry reported a 3.2% drop in assets under management for the first quarter of this year as a result of difficult market conditions and subdued net inflows on the back of bruised investor sentiment. According to the CIS industry statistics for the quarter and year ended March 2018, released […]

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ASISA finalises standardised cost disclosure for umbrella funds

Employers will find it much easier to select the most cost effective umbrella retirement fund solutions for their employees from March next year when the new ASISA Retirement Savings Cost (RSC) Disclosure Standard comes into effect. The new RSC Disclosure Standard commits members of the Association for Savings and Investment South Africa (ASISA) to present […]

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Policyholders and beneficiaries receive R469 billion in benefit payments

  South African life insurers injected R469 billion into the economy last year through benefit payments to policyholders and beneficiaries. Total benefit payments increased by an inflation beating 10% from 2016. (more…)

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Fundisa closes to new investors

The Fundisa education unit trust fund has been closed with immediate effect to new investors by the Association for Savings and Investment South Africa (ASISA) in consultation with the founding partners. Trevor Chandler, Consulting Senior Policy Adviser at ASISA, says following the confirmation as part of the National Budget that Government will phase in free […]

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Investors take ‘wait and see approach’ in interest bearing portfolios while equities reward resilience

The local Collective Investment Schemes (CIS) industry attracted healthy net inflows of R134.5 billion in 2017, ending the year with assets under management of R2.25 trillion. (more…)

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Local investors not deterred by turbulent investment climate

The local Collective Investment Schemes (CIS) industry continues to attract steady net quarterly inflows as local investors seem undeterred by the current turbulent political and economic environment. (more…)

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Ignorance remains the greatest risk in the fight against cybercrime

Phishing, malware and external hacking attempts constitute the bulk of cybersecurity incidents reported to the Cyber Security Incident Response Team (CSIRT) established by the Association for Savings and Investment South Africa (ASISA) last year. (more…)

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