Employees explain how CompCom's major insurance raid went down
Employees of eight major long-term insurance companies raided by the Competition Commission were shocked after numerous inspectors and police officers barged into their offices last Thursday.
The commission had obtained warrants to...
Competition Commission raids 8 insurance companies for alleged collusion — including Discovery, Sanlam, and Momentum
The Competition Commission conducted search and seizure operations at the premises of eight major insurance companies in South Africa on Thursday, 25 August 2022.
The commission...
PPS hit by hackers
PPS, a South African insurance and investment advisory company, has suffered a cyber attack at the hands of unknown hackers.
The company notified clients in a statement today that their services may be disrupted as it attempts to restore functionality to its IT infrastructure.
Just curious what sort of "Financial Advisor" fees and "Administration" fees people are paying on their PPS RA. Is everyone paying this as a % of investment value? I had previously negotiated mine down back in 2015, but still feel I am paying too much for the work being done. Probably cannot do...
Hi.
Am just curious. I have a retirement annuity with PPS where I invest an annual amount every February (instead of bothering with monthly debit orders etc). I pay no initial fees for the investment, but do pay an ongoing fee to the broker. On top of that, there are the normal management fees...