Tag - National Treasury

Sleepwalking to retirement

National Treasury recently released its latest paper on retirement reform entitled "Retirement reform: lowering charges and improving market conduct" in which it makes recommendations for default retirement options which will provide a reasonable retirement solution to those individuals who don't want to be actively engaged in their retirement...

The high cost of insuring your loan

Despite an investigation into the rates charged by credit providers for insurance, borrowers are still paying high rates for their credit insurance. If you were stuck for cash and needed to borrow R5 000 which you would pay back over just four months, how much do you think you would pay for that loan? Well if you are a high-risk client (ie, a low...

Clampdown on credit insurance abuse

Abuse within the credit insurance industry has led to an investigation by National Treasury into the practices of credit providers selling credit life to customers. If you have borrowed money, whether it be through a furniture retailer, micro-lender or a bank, you will most likely have credit insurance. This is because the National Credit Act...

The truth about retirement reform

Setting the record straight in terms of how the government’s proposed retirement reforms will affect you. Over the last few weeks vested interests have tried to create fear and confusion around the proposed retirement reform. Between unions flexing their political muscle and alternative investment products trying to convince people not to...