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Industry News

05 Jun 2024

The two-pot system: An opportunity for advisers to support members’ goals

By: Elrina Wessels, Principal Strategic Clients at Alexforbes The two-pot retirement system represents a significant change in retirement planning, providing financial advisers and their clients with a valuable opportunity for transformation. It is expected that replacement ratios will improve from the current dismal average of 25%-35% to around 50% or more. In an ideal world,...
30 May 2024

3 critical (but often-overlooked) benefits of partnering with a DFM

By: Daniel Schoeman, CFA, CIO, Analytics Multi-Manager Financial advisers understand the value of time. Every minute spent managing investments is a minute taken away from building relationships with current clients, meeting with prospective clients or growing their advisory business, Yet, investment management remains a core competency for many advisors. Any time spent on investment management...
30 May 2024

It’s business as usual at medical schemes

By: Lee Callakoppen, Principal Officer of Bonitas Medical Fund Since President Cyril Ramaphosa publicly signed the National Health Insurance (NHI) Bill on May 15, there has been a huge outcry, threats of litigation and, unfortunately, a great deal of misinformation. Lee Callakoppen, Principal Officer of Bonitas Medical Fund, the second biggest private medical aid scheme...
30 May 2024

With Momentum Wealth’s living annuity, clients can invest up to 100% of their investment assets offshore, but should they?

By: Martiens Barnard, Marketing Actuary at Momentum Investments Many living annuity providers across South Africa can no longer offer unlimited offshore exposure to their clients when they retire. That is because investment companies may not in aggregate invest more than 45% of their assets under management offshore. Once they have reached that limit, which many...
24 May 2024

How to tackle FICA and win the battle on Anti-Money Laundering

Sign up for the Financial Crime Conference to learn more about the latest financial crime and money laundering schemes taking place in South Africa, enabling you to safeguard your business. As technology advances and new markets are created, money launderers, terrorists, and proliferation financiers are finding increasingly innovative ways to use the latest systems, tools,...
23 May 2024

The year of the ballot

While all eyes will be on South Africa’s election next week, in the broader scope, in 2024, eight of the world’s 10 most populous nations – the US, India, Brazil, Indonesia, Bangladesh, Mexico, Pakistan, and Russia – go to the polls in the same year for the first time ever. With more than 50 countries...
23 May 2024

The future of unit trusts in South Africa

By: Wehmeyer Ferreira, Executive Director, 1nvest Unit trusts are a tried-and-tested investment wrapper. They’re a staple for portfolios of all sorts. For good reason. These wrappers are versatile, transparent and relatively simple. They’re big business, too. At the close of 2023, the South African unit trust industry was worth some R3.5tn. For comparison, at that...
23 May 2024

Read more about where unit trusts are headed and why they matter

By: Debra Slabber, Portfolio Specialist Director at Morningstar South Africa 2024 is a big year on the election front, with democracy taking center stage. With more than half of the world’s population heading to the polls, it’s understandable that investors are feeling a sense of unease. Elections tend to bring up a lot of emotion,...
17 May 2024

4 Reasons why you should NOT cancel your medical health cover 

By: Shaun Meintjes, Franchise Principal and Financial Adviser at Consult by Momentum With the National Health Insurance (NHI) Bill having been signed by the President this week, South Africans are more confused than ever before. While most have some level of understanding of what the NHI is, the vast majority are still not clear on...
17 May 2024

Quality healthcare needed now as President signs NHI Act

The process towards fulfilling the promises of the National Health Insurance (NHI) will be a complex and unprecedented process that will necessitate extensive reorganisation of the healthcare sector. As such the experience for most South Africans will not meaningfully change for years to come with hopes having been raised of achieving Universal Health Coverage (UHC)...

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