ASISA concerned about risk policy lapses
ASISA concerned about risk policy lapses

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Investment Indicators | 7 October 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
Exam fraud: FSCA urges financial firms to verify RE certificates
Life insurers pay out R298bn as policy lapses remain a concern
FIC to launch inspections on CASPs amid growing regulatory scrutiny
SAIPA chief executive is not taking his dismissal lying down
In the news
Steinhoff’s fall: former CFO Ben la Grange sentenced
HSBC and Bidvest hit with fines for FICA non-compliance
Sanlam wins appeal as High Court enforces policy’s contractual terms
RAF makes noise while silence reigns on draft Road Accident Amendment Bill
Rise in complaints about medical schemes clawing back losses allegedly linked to fraud and waste
Constitutional Court clarifies CGT in multi-tier trust arrangements
Total of R5.3m frozen as court issues second order in ‘pyramid scheme’ case
Moonstone Update
Regulatory Examinations
Download the latest RE Prep Guide here. Please ensure you download this version to use in your preparation, together with your study material. Please study the tasks, criteria and legislation referenced in the guide.
RE preparation videos
Schedules for 2024
WARNING: Beware of fraudulent operators pretending that they work for or with Moonstone.
Careers Platform
Advertising packages
Industry positions
Moonstone positions
ADVERTORIAL
GTC banner 2023-10-02

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RATES REVIEW
Secured Investment Rate
Please note that (G) indicates a Guaranteed and (L) a Linked product. In order to understand the difference between guaranteed and linked rates, kindly click here for an explanation.
R1 000 000 (3% commission)
Company This week Last week
1Life (L) 6.130% 5.800%
Clientele (G) 6.096% 5.802%
Discovery (G) 5.709% 5.298%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.520% 6.180%
Clientele (G) 6.416% 6.122%
Discovery (G) 6.095% 5.683%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 8.97% 8.99%
Nedbank 8.49% 8.56%
Symmetry 8.36% 8.51%
Please bear in mind that our figures, though based on the actual quotations that you also use, are for information purposes only, and can never replace the official quotation from the product house. In terms of the guarantees, you are requested to clarify the exact extent of such guarantees with the product house prior to advising clients.
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Fedgroup large banner 2024-03-21
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TOP STORIES
Exam fraud: FSCA urges financial firms to verify RE certificates
FSPs have a statutory obligation to combat exam fraud by verifying certificates directly with Moonstone or the FSCA.
Top story read button
Life insurers pay out R298bn as policy lapses remain a concern
ASISA advises consumers to take a holistic view of their finances and avoid hasty decisions that could leave them unprotected.
Top story read button
FIC to launch inspections on CASPs amid growing regulatory scrutiny
The Financial Intelligence Centre’s sector final risk assessment report for crypto asset service providers is set to be published in the new financial year.
Top story read button
SAIPA chief executive is not taking his dismissal lying down
Shahied Daniels has accused the accountancy organisation’s board of irregularities and says he intends to challenge his dismissal.
Top story read button
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FICA banner
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IN THE NEWS
Steinhoff’s fall: former CFO Ben la Grange sentenced
La Grange was sentenced to 10 years in prison, with five years suspended contingent on his co-operation with the State in future cases involving Steinhoff’s executives.
Itn read button
HSBC and Bidvest hit with fines for FICA non-compliance
The fines on both banks run into millions of rands, but most of the penalties are conditionally suspended.
Top story read button
Sanlam wins appeal as High Court enforces policy’s contractual terms
The High Court overturns a Regional Court’s decision that allowed a policyholder to cancel her five-year endowment policy early.
In the news 3 read button
RAF makes noise while silence reigns on draft Road Accident Amendment Bill
Judgment is ‘forthcoming’ in the contempt of court case against the Road Accident Fund and its CEO, as Discovery Health seeks the enforcement of court rulings regarding unpaid claims.
In the news 4 read button
Rise in complaints about medical schemes clawing back losses allegedly linked to fraud and waste
Schemes and healthcare professionals are at odds over whether these recoveries are justified, says the Council for Medical Schemes.
In the news 5 read button
Constitutional Court clarifies CGT in multi-tier trust arrangements
The court’s interpretation and application of the conduit principle has implications for structures involving layers of multiple discretionary trusts.
In the news 6 story read button
Total of R5.3m frozen as court issues second order in ‘pyramid scheme’ case
The National Consumer Commission claims the scheme misled participants with false promises of grocery rewards and high returns.
In the news 7 read button
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F & P - Gold - 4 Export-live-chat
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MOONSTONE UPDATE 30 SEPTEMBER TO 3 OCTOBER 2024
More medical schemes announce big increases
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2023-12-01

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Commercial Lines Admin Assistant (Underwriter): Porcupine Union, Centurion, Gauteng. Our client is looking for a Commercial Lines Admin Assistant (Underwriter) who will be responsible for generating commercial business quotations on new clients and existing clients, file preparation and activation with product provider on completion of the other marketer’s advice process..
Read https://careers.moonstone.co.za/job/porcupine-union-centurion-gauteng-commercial-lines-admin-assistant-underwriter/more
Treasury Trader: Remgro Management Services Ltd, Stellenbosch, WC. Remgro Management Services Ltd is a category 1 FSP, offering a position to a representative with experience in money market instruments, deposits and derivative instruments to facilitate various companies’ cash needs according to their individual mandates.
Read more
Broker Support Administrator: Intellisure Insurance Brokers, Newlands, Cape Town. A bright, highly capable, organised, hardworking and adept full time Broker Support Administrator is required by a professional short term insurance brokerage based in Newlands, Cape Town.
Read more
Commercial Insurance Sales Executive: Commrisk Insurance Brokers, George,WC. The CISE’s primary focus is on identifying potential clients, presenting them with suitable product proposals and confirming policy sales. They must build relationships with clients to ensure retention of business and facilitate new business.
Read more
Short-term Insurance Underwriter: Short-term Insurance Underwriter, George,WC. The underwriter is responsible for short-term insurance policy administration (renewals, endorsements and new business) providing excellent service and solutions to account executives, brokers and clients.
Read more
Commercial Insurance Sales Executive: Commrisk Insurance Brokers, Western Cape. The successful candidate will be responsible for identifying potential clients, presenting them with suitable product proposals and confirming policy sales.
Read more
Claims Negotiator: CIA Building Insurance Specialists , Bedfordview,GP. CIA Building Insurance part of the worldwide Hannover Re Group and one of the largest Underwriting Managers in South Africa, is currently looking for an experienced claims negotiator to join our claims team in Bedfordview.
Read more
Retentions Consultant: King Price Insurance,Pretoria, Gauteng. The purpose of this position is to communicate with clients and managing relationships in order to increase loyalty and retain their business.
Read more
Manager: Fund Administration: GIB Financial Services (Pty) Ltd, Sandton. This position requires an energetic person who is able to work well under pressure and supervise a dynamic team.
Read more
Short-Term Insurance Commercial & Personal Lines Position: Elna Rudman Brokers,Pretoria,Gauteng. A well-established Insurance Brokerage in Pretoria East requires the services of an office based Personal Lines Underwriter.
Read more
Compliance Manager: King Price Insurance,Pretoria, Gauteng. Minimum 3-5 years’ experience in a compliance management position with in-depth knowledge of the non-life insurance industry and applicable legislation (Insurance Act, Short-term Insurance Act, FAIS Act, POPIA).
Read more
CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
Read more
 
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