Rep debarred for quitting after retention bonus
Rep debarred for quitting after retention bonus

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Investment Indicators | 29 July 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
Why I turned mildly bearish and opted for a defensive strategy
Immediate resignation following bonus no reason for debarment, Tribunal rules
South Africans ‘ignore’ debt woes: survey highlights growing financial strain
In the news
Allegations that Sanlam adviser forged signatures don’t stand up, Tribunal finds
CrowdStrike sensor glitch: implications for cybersecurity and insurance
Financial planning is not a job but a calling, says FPI award finalist
Nearly all tax refund reversals have been resolved, says SARS
Linking certificate of need to NHI is ‘purely mischief’, says health ministry
‘State capture transactions’: Nedbank to pursue counterclaims
Moonstone Update
Regulatory Examinations
Download the latest RE Prep Guide here. Please ensure you download this version to use in your preparation, together with your study material. Please study the tasks, criteria and legislation referenced in the guide.
RE preparation videos
Schedules for 2024
WARNING: Beware of fraudulent operators pretending that they work for or with Moonstone.
Careers Platform
Advertising packages
Industry positions
Moonstone positions
ADVERTORIAL
GTC banner 2023-10-02
Two-pots is here (and in reality, this will be four pots), as opposed to the existing one-pot. How is it looking in your kitchen?

Fund members will require sophisticated fund administration accommodating the numerous alternative elective pre-retirement withdrawals of the Two-pots retirement system. They will also require additional - professional - counselling regarding the impact of premature pre-retirement withdrawal. Are you and your funds ready for this legislation?

Book a presentation with our CEO Gary Mockler to see how GTC can assist 13B administrators and benefit consultants with the relevant business processes associated with Two-pot.

Visit our website at www.gtc.co.za.

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RATES REVIEW
Secured Investment Rate
Please note that (G) indicates a Guaranteed and (L) a Linked product. In order to understand the difference between guaranteed and linked rates, kindly click here for an explanation.
R1 000 000 (3% commission)
Company This week Last week
1Life (L) 6.220% 6.420%
Clientele Life (G) 6.106% 5.268%
Discovery (G) 5.797% 5.797%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.580% 6.780%
Clientele Life (G) 6.426% 5.588%
Discovery (G) 6.184% 6.184%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 9.09% 9.08%
Symmetry 8.71% 8.71%
Coronation 8.68% 8.70%
Please bear in mind that our figures, though based on the actual quotations that you also use, are for information purposes only, and can never replace the official quotation from the product house. In terms of the guarantees, you are requested to clarify the exact extent of such guarantees with the product house prior to advising clients.
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TOP STORIES
Why I turned mildly bearish and opted for a defensive strategy
The formation of the GNU sparked a rally in local financial markets. But as storm clouds gather on global equity markets, the long-term outlook remains uncertain.
Top story read button
Immediate resignation following bonus no reason for debarment, Tribunal rules
The FST finds that the FSP’s attempt to use debarment as a tool to resolve an employment dispute is a misuse of the FAIS Act’s provisions.
Top story read button
South Africans ‘ignore’ debt woes: survey highlights growing financial strain
The Money Stress Tracker survey finds that consumers’ response to financial strain is long on intent but short on action.
Top story read button
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ADVERTORIAL
Discovery_Invest_660x150.jpg
How to help your clients achieve financial longevity in retirement

Globally, people are living longer than ever – which makes saving enough and maintaining sound investment behaviours even more crucial.

Discovery Invest focuses on innovation to ensure that evolving client needs are met by new products. The Secured Capital Annuity is designed to meet the needs of clients who require a guaranteed income for life, as well as life cover.

Clients also have the option to receive 13th cheques for up to 10 years in retirement, to cater for increased income needs in their initial years in retirement. Their income will also change at pre-defined rates as they age.

Learn more
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IN THE NEWS
Allegations that Sanlam adviser forged signatures don’t stand up, Tribunal finds
It was a ‘material factor’ that the specimen signatures were in hard copy, whereas the disputed signatures were electronic.
Itn read button
CrowdStrike sensor glitch: implications for cybersecurity and insurance
The CrowdStrike Falcon sensor update-induced global system crash could be the most significant cyber accumulation loss event since NotPetya in 2017.
Top story read button
Financial planning is not a job but a calling, says FPI award finalist
Rudolph Geldenhuys, a senior financial planner at WealthUp, is one of three finalists for the 2024 Financial Planner of the Year Award.
In the news 3 read button
Nearly all tax refund reversals have been resolved, says SARS
The revenue authority apologises to the 30 000 taxpayers whose refund payments were reversed.
In the news 4 read button
Linking certificate of need to NHI is ‘purely mischief’, says health ministry
Headlines characterising the High Court’s judgment as a huge blow to NHI ‘are in the same mould as Bell Pottinger propaganda’.
In the news 5 read button
‘State capture transactions’: Nedbank to pursue counterclaims
Transnet and the SIU institute legal proceedings against Nedbank to set aside interest rate swaps that occurred when the SOE was advised by Regiments Capital.
In the news 6 story read button
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MOONSTONE UPDATE 22 TO 25 JULY 2024
How advisers can guide clients on two pots
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2023-07-26

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Commercial Underwriter: Supertech Financial Services,Bellair, Durban, KZN. We are searching for a Commercial Underwriter to join our dynamic team.Candidates applying for the position must be able to provide accurate and detailed underwriting of commercial insurance applications.
Read more
Commercial and Personal Lines Claims Administrator: Intellisure Insurance Brokers, Newlands,Cape Town. A highly competent full time Commercial and Personal Lines Claims Administrator is required by a well-established short term insurance brokerage to start immediately.
Read more
Insurance Consultant: Santam, Bellville, Cape Town. Santam Operations, Commercial Contact Centre have career opportunities available for Insurance Consultants. The insurance consultant role is focused on providing an end-to-end service and support to brokers.
Read more
Experienced Financial Advisor – Wealth Management: Morebo Wealth (Pty) Ltd, Braamfontein. Empower your growth, enjoy flexibility, maximize your earnings, and thrive with a supportive, entrepreneurial environment. We offer numerous growth and development opportunities within our diverse business units. Join us to build strong, lasting relationships and realize your potential.
Read more
CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
Read more
 
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