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Investment Indicators | 29 July 2024
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IN THIS WEEK's ISSUE |
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Rates Review |
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Top stories |
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In the news |
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Moonstone Update |
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Regulatory Examinations |
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Careers Platform |
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ADVERTORIAL
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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 |
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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. |
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R1 000 000 (3% commission) |
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| Company |
This week |
Last week |
| 1Life (L) |
6.220% |
6.420% |
| Clientele Life (G) |
6.106% |
5.268% |
| Discovery (G) |
5.797% |
5.797% |
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R1 000 000 (1.5% commission) |
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| Company |
This week |
Last week |
| 1Life (L) |
6.580% |
6.780% |
| Clientele Life (G) |
6.426% |
5.588% |
| Discovery (G) |
6.184% |
6.184% |
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Money Market Funds |
| R100 000 |
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| Company |
This week |
Last week |
| Allan Gray |
9.09% |
9.08% |
| Symmetry |
8.71% |
8.71% |
| Coronation |
8.68% |
8.70% |
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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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ADVERTORIAL
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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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CAREERS PLATFORM - INDUSTRY POSITIONS |
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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. |
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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. |
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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. |
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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. |
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