Africa
South Africa insurance broker fined for advice failings
A South Africa-based insurance brokerage has been fined for failing to give clients appropriate advice before selling insurance policies.
Sanlam appoints Polin as UK chief executive
Sanlam Private Wealth, a provider of investment and wealth management services and part of South Africa-based Sanlam Group, announced on Wednesday the appointment of Jonathan Polin as UK chief executive.
Danish and Dutch pensions top Mercer index
Only the Danish and Dutch pension systems achieved “A” grades, indicating first class and robust schemes that deliver good, sustainable benefits with a high level of integrity, according to global consulting firm Mercer.
Intermediary profile: Power to the voice of South African IFAs
Ahead of RDR implementation in South Africa, IFAs would do well to consider whether to stay independent and seek other sources of revenue, or pool together to minimise governance expenses, explains Derek Smorenburg, the man behind the South African Independent Financial Advisors Association (SAIFAA).
EXCLUSIVE INTERVIEW: Brooks Macdonald Int’l wins $40m South Africa deal
Channel Island-based Brooks Macdonald International has won a mandate to manage half of a South African trust company’s offshore portfolios, less than four months after acquiring an intermediary licence.