According to Bertie Nel, Head of Financial Planning and Advice at Momentum, the Momentum Life Insurance 2023 claims statistics paint a stark picture of the financial unpreparedness that comes with life-altering illnesses. Most death claims were for cardiovascular and cancer-related illnesses, but more than 80% of these clients didn’t have critical illness cover in place.

Benjamin Franklin’s famous quote about planning says, “If you fail to plan, you are planning to fail.” This quote couldn’t be more appropriate than in relation to financial planning – especially as we celebrate Financial Planning Day on 09 October 2024.

The National Financial Ombud Scheme ruled in favour of a woman denied a funeral insurance claim due to non-traditional mourning customs. This article examines the evolving nature of customary law, the insurer's defense, and the application of case law to ensure fair treatment and equity in the final decision.

In a survey that garnered the responses of over 16 000 clients and brokers within South Africa’s industry-leading brokerage firms, PSG Wealth was named this year’s Top Securities Broker of the Year: Large Institutions at Krutham’s Top Securities Brokers Awards.

Tebogo Marite, communications specialist at Allan Gray, discusses why building up an emergency fund should be prioritised even though the two-pot retirement system allows some access to retirement savings.

Consumer Financial Education expert Tshego Bokaba highlights five major money mistakes celebrities have made and what we can learn from them. Bokaba also stresses the importance of estate planning, legal compliance, personal security, budgeting, and understanding tax responsibilities to avoid similar pitfalls.