The Medium-Term Budget Policy Statement (MTBPS) shows that National Treasury is doing its best to hold the line against rising political pressure to increase spending.

Market uncertainty and compliance obligations are two major challenges that financial service providers (FSPs) face, said Masthead Regional Manager in Johannesburg Ryno Volschenk. He was addressing independent financial advisors (IFAs) at a Masthead MasterClass held at Auto and General Park, Midrand

Hollard Life Solutions is reinforcing its strategy in the underwritten segment as a specialised risk insurer. This strategy focuses on providing specialised risk insurance premised on three main areas: business assurance, specialised product and underwriting, and wellness coaching.

Assupol launches Incub8 with Assupol, a groundbreaking business designed to transform and empower emerging and established businesses in the financial services sector, enabling them to have a macro impact in the insurance industry.

The decision by the National Treasury to delay the implementation date for the Two-Pot Retirement System from 2024 to 2025 will allow enough time for legislation to be finalised, rule amendments to be processed, and member engagement to be effected, according to Old Mutual.

National Treasury has amended its original proposals on the two-pot retirement system, taking public comments into account, including a later implementation date of 1 March 2025