nottheaverageactuary

Actuarial news and views from Cape Town and beyond

The Insurance companies take the lead

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How South Africans invest in Tax-free savings accounts

TL; DR: Early results show that most of the tax-free savings accounts are life insurance policies (52%). The article mentions that this is due to the strength of the distribution channels that life insurers have. The study however, excludes data from banks who have concerns over competition.

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