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Moonstone Monitor |
8 April 2021
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| IN THIS WEEK'S ISSUE |
| From the Crow's Nest |
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| Your Practice Made Perfect |
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| Technologically Speaking |
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| Regulatory Examinations |
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| Careers Platform |
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| In Lighter Wyn |
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"The
most effective way to doit, is to do it."
- AMELIA EARHART
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ADVERTORIAL
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How a fund member retires has changed forever...
Legislated in-fund preservation, default annuities and portfolios has broken the compulsion for a fund member to ever leave their fund.
Talking to these members, whilst giving sensible counselling - and then professional advice at competitive pricing -
requires a financial technology platform of substance.
Benefit consultants, administrators and financial advisors associated with retirement funds will benefit from Altertude,
GTC's integrated end-to-end programme providing retirement fund members with all interventions needed in a holistic financial plan.
Contact our CEO Gary Mockler, gmockler@gtc.co.za as to how GTC can assist in growing your business.
Visit our website at www.gtc.co.za.
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| FROM THE CROW'S NEST |
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Covid-related insurance claims - The worst is yet to come |
Policy wording and its interpretation at claims stage received substantial focus in the past year as a result of various Business Interruption insurance claims.
We discuss an OSTI case study which illustrates another reason for an individual insurance claim rejection and provide a link to several more.
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| YOUR PRACTICE MADE PERFECT |
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Positive impact of Covid-19 on medical aid industry |
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The global pandemic has stressed the importance of medical scheme benefits and private healthcare. But how satisfied were South African medical scheme members
with their schemes’ service? The Ask Afrika Orange Index® casts an eye.
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| YOUR PRACTICE MADE PERFECT |
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FIC reporting failure guidelines issued |
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The Financial Intelligence Centre has issued Public Compliance Communication 50, which provides guidance and clarity on the measures
a reporter must take to mitigate the loss of intelligence data when remediating
and preventing reporting failures.
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| TECHNOLOGICALLY SPEAKING |
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Cyber Risk - New normal increases vulnerability |
“Cyber risk is no longer just an IT problem, it is an extremely serious threat to the well-being of the country, organisations and individuals”
As borne out by the findings of the IRMSA Risk Report.
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| CAREERS PLATFORM |
| Featured Positions |
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Relationship Manager: Finpas CC, Durban North.
This position requires an experienced relationship manager to provide support to a Financial Adviser and foster the client relationship.
The primary function of this position will be retention of existing customers. However, business development or organic growth will be part of the role.
A good understanding of financial planning and a sound technical knowledge of current legislative, industry and corporate standards will be required. |
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Claims Position: Cooke Fuller Group, Kloof, Kwazulu Natal.
The ideal candidate for this position should be an experienced, assertive individual with strong administration and good interpersonal skills.
Requirements include a minimum of 5 years' experience in Commercial and Personal claims;
Must be FAIS qualified in both commercial and personal lines with the necessary Regulatory Exams already completed.. |
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FAIS Compliance Officer: Moonstone Compliance.
Moonstone Compliance is looking for an approved Compliance Officer. Duties will include risk identification and management, strategic
and operational commentary, monitoring and administrative support functions to mitigate the risk of non-compliance with legislation and
regulations. A non-negotiable requirement for this position is being an approved Category I Compliance Officer with the Financial Sector
Conduct Authority with no supervision requirements. |
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Wealth Managers: GTC national offices.
GTC, one of South Africa’s leading advisory practices (formerly Grant Thornton Capital), has several vacancies for wealth managers.
As a consequence of the counselling requirements of Section 36 of the Pension Funds Act, GTC is required to provide financial advice
to numerous members on an ongoing basis. GTC seeks wealth managers to fulfil this advisory role.
These positions are in each of the GTC offices around the country and accommodate financial planners with varying degrees of experience and expertise. |
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Commercial Accounts Executive:
Constellation Financial Services, Johannesburg.
We are a young, dynamic, independent short-term insurance brokerage based in Johannesburg looking for experienced
commercial sales professionals. If you are passionate, hardworking, and driven to succeed, you’re just what we are looking for.
We require a minimum of 5 years short-term commercial insurance experience with 2 years commercial insurance sales and marketing experience. |
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| IN LIGHTER WYN |
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A thew thunnies |
When one door closes and another door
opens, you are probably in prison.
"Drink responsibly" means don't spill it.
Age 60 might be the new 40, but 9:00pm
is the new midnight.
The older I get, the earlier it gets late.
When I say, "The other day," I could
be referring to any time between yesterday and 15 years ago.
Cop: "Please step out of the car. "Me: "I'm too drunk. You
get in."
I remember being able to get up
without making sound effects.
(Thanks, Roche Cowley)
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