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Industry News

20 Aug 2021

The importance of a 'weatherproof' investment strategy

These are confusing times for investors. By way of analogy, it may be fair to say that investors are experiencing a harsh winter and may be wondering how to ride out the storms brewing on the horizon. However, the ideal portfolio should not be structured for one season only but should be able to withstand a multitude of market conditions.
20 Aug 2021

CIS assets under management near the R3 trillion threshold

The local Collective Investment Schemes (CIS) industry reported net outflows of R18 billion for the second quarter of this year following the closure of South Africa’s biggest money market fund. Releasing the CIS industry statistics for the quarter and year ended June 2021, Sunette Mulder, senior policy advisor at the Association for Savings and Investment South Africa (ASISA), explains that the second quarter CIS flow statistics provide a distorted picture.

20 Aug 2021

The future of life insurance in a post-Covid world

Covid-19 has had ‘a significant impact’ on the life insurance industry, with sharp increases in retrenchment claims, death and funeral claims, and disability income claims for people booked off work for a few weeks after contracting the illness. “This has seen insurers becoming more conservative in issuing new death and critical illness policies until the industry has a clearer picture of the effects of the virus,” said Leza Wells, the Chief Product Actuary at FMI (a division of Bidvest Life).
20 Aug 2021

Why real estate investors can make a difference to climate change

Climate change and its potential costs to mankind made headlines again last week. What was new was the clarity of the message putting changes to the planet’s climate down to the human race.
20 Aug 2021

STANLIB appoints new portfolio manager for Namibia money market funds

STANLIB has reinforced the expertise of its asset management team with the appointment of Sade Gertze as a portfolio manager for the STANLIB Namibia Money Market and CashPlus Funds. In a statement, STANLIB says: "The Namibia Financial Institutions Supervisory Authority has approved the appointment."

19 Aug 2021

National Social Security Fund 'not the solution', says Alexander Forbes

The Department of Social Development has released a green paper on comprehensive social security and retirement reform for 2021. We note that it is largely similar to previous proposals dating back to 2012. In brief, the proposal is to create a centralised National Social Security Fund managed by government.
19 Aug 2021

Core proposals set out in Green Paper not new, says ASISA

The Association for Savings and Investment South Africa (ASISA) has taken note of the Green Paper on Comprehensive Social Security and Retirement Reform published yesterday by the Minister of Social Development, Lindiwe Zulu, for comment by 10 December 2021. A Green Paper is a government policy discussion paper that details specific issues and then points out possible courses of action in terms of policy and legislation.
19 Aug 2021

Why you may have to pay 12% of your earnings into government's social security fund

The Department of Social Development's Green Paper on social security and retirement reform is now available for public comment. One of its proposals is the establishment of a national social security fund The Department says that the most notable gap in our social security system is the absence of a mandatory contributory public social security fund that provides retirement, disability and survivor benefits to the workforce.

19 Aug 2021

Why using a financial adviser will deliver better savings outcomes

Substantial evidence shows that the global population is struggling to build sufficient reserves for a comfortable retirement. However, investors who make use of the services provided by reputable financial advisers tend to make better financial decisions. Skilled advisers support clients to approach saving in a more disciplined fashion and make better decisions.

19 Aug 2021

Living annuities: Innovation essential to achieve growth and income

When faced with high withdrawals, increasing longevity and a low returns environment, delivering smooth returns and growth for retirees requires innovation and out-the-box thinking. For its Living Annuity Strategy - which delivers income of between 2.5% and 6% - Sanlam Investments Multi-Manager has uniquely combined the use of fixed interest hedge funds, smooth bonus strategies and multi-asset class funds (local and offshore) to address this challenge.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za