I don’t know of any parent who has successfully navigated raising children without the issue of pocket money coming up. In some families such interactions between the parents and their offspring have led to rifts of seismic proportions
The recipe used by the majority of insurance companies is one which enables the agent (called a seller) to earn a commission for each policy sold. This is how they make their money so that they can eat. This commission is paid in differing amounts – the first helping is the biggest, followed by regular, smaller ones for the duration of the lifetime of your policy.
Many people find that the income they derive from their monthly pay check is no longer adequate to meet their lifestyle needs. And so we sit at our desks, scroll through FaceBook links and dream…Where can I find extra streams of income that require little or no work? What can I actively do to improve my income?
In 2011, the Financial Services Board (FSB) announced they would be launching Treating Customers Fairly (TCF) in South Africa. Last year, Northwood released a blog that noted a few instances of non-compliance from financial planners. TCF is a relatively new Financial Services requirement, and is meant to ensure that those who practice in the Financial Services Industry provide their clients with suitable products and services.