Actuarial news and views from Cape Town and beyond

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Happiness in retirement

I meant to post this a while ago! Somebody quoting me a lot in a moneyweb article #5secondsoffame 🙂


Looking for happiness in retirement


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Burning Man Insurance

Obviously, this is of much interest for me 🙂 A US company is now offering insurance for Burning Man participants.

I’ve scanned the application form and FAQ. My favourite bits:

“Pyrotechnics and Fireworks are not the same as Propane Flame Effect. Bodily injury and property damage resulting from Pyrotechnics and Fireworks is excluded. There is NO EXCLUSION for bodily injury or property damage resulting from Propane Flame Effects! Just be careful out there!”

“Number of Years attending Burning Man” seems to be used as a rating factor. Fabulous! Presumably, if you’ve been driving a modified vehicle under the influence while using a Propane Flame Effect, getting lots of practice at it (and surviving thus far) is a great rating factor 🙂

Otherwise, remarkably few questions. I think it’s to avoid scaring the underwriters.





New draft Retirement Regulations out!

Hot off the press – the National Treasury has just published a new set of draft regulations for retirement funds. The announcement is here, and the new regs are here.

Basically, the NT is asking all funds to put in place low cost, simple defaults for investment choices, buying annuities at retirement, and for preservation.

What does that mean for funds? What problems are these regulations addressing, do you think?