Familiar faces shine at intermediary awards
Familiar faces shine at intermediary awards

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Investment Indicators | 19 August 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Featured Article
Top stories
BHI Trust fallout: beneficiaries reluctant to return millions amid sequestration scrutiny
FIA Intermediary Experience Awards: familiar faces shine
Grim outlook for Classic’s creditors – shortfall exceeds R70 million
In the news
Consumers should inform themselves before they transact, says FAIS Ombud
Positive amendments to VAT regulations relating to electronic services
FSCA publishes ‘two pots’ guidance for defined-benefit funds
Twins born from donor sperm outside marriage not legal dependants
Another organisation says it won’t sign the Presidential Health Compact
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) 6.150% 6.130%
Clientelle (G) 6.100% 6.140%
Discovery (G) 5.701% 5.799%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.510% 6.490%
Clientele (G) 6.420% 6.460%
Discovery (G) 6.087% 6.186%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 9.02% 9.01%
Symmetry 8.66% 8.67%
Coronation 8.67% 8.61%
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.
FIC_Banner_2024-13-08.jpg
SPONSORED - PAID PARTNERSHIP
Legal practitioners are accountable institutions in terms of the Financial Intelligence Centre Act (FIC Act)
The sector can mitigate the risk of criminal exploitation by meeting their FIC Act obligations. The FIC will discuss some of the obligations further in this article, and discuss red flag indicators that legal practitioners may use to identify possible suspicious and unusual activity when transacting with their clients.
Top story read button
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TOP STORIES
BHI Trust fallout: beneficiaries reluctant to return millions amid sequestration scrutiny
Investors’ money was allegedly funnelled through offshore trust accounts and ‘cleaned’ via extensive gambling activities by ‘close and related-party enablers’.
Top story read button
FIA Intermediary Experience Awards: familiar faces shine
Long-standing winners such as Western National and Santam retained their titles, while iTOO re-emerged as the Underwriting Manager of the Year.
Top story read button
Grim outlook for Classic’s creditors – shortfall exceeds R70 million
The second creditors’ meeting will be held on 3 September.
Top story read button
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FICA banner
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IN THE NEWS
Consumers should inform themselves before they transact, says FAIS Ombud
The Office has sorted out the ‘embarrassing’ backlog of cases John Simpson inherited and has set timeframes for resolving complaints.
Itn read button
Positive amendments to VAT regulations relating to electronic services
The amendments will relieve offshore companies from VAT registration when supplying services to domestic vendors, aligning SA with global best practice.
Top story read button
FSCA publishes ‘two pots’ guidance for defined-benefit funds
If a fund cannot follow the standard allocation methods, it must apply for FSCA approval to use an alternative, reasonable method.
In the news 3 read button
Twins born from donor sperm outside marriage not legal dependants
Sperm does not a father make and being a biological parent does not confer absolute rights, according to a ruling by the Pension Funds Adjudicator.
In the news 4 read button
Another organisation says it won’t sign the Presidential Health Compact
The South African Health Professionals Collaboration says the document is biased towards solidifying support for NHI.
In the news 5 read button
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FICA banner
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MOONSTONE UPDATE 12 TO 15 AUGUST 2024
Succession planning for advisory practices
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2023-12-01

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Domestic Underwriting: Cooke Fuller Insurance Brokers (Pty) Ltd, Kloof. The ideal candidate should be an assertive, deadline orientated individual with strong administration and good interpersonal skills.
Read more
Treasury Trader: Remgro Management Services Ltd,Stellenbosch. Position available for a representative with experience in deposits, money market as well as derivative instruments. The ideal candidate should not have to work under supervision anymore.
Read more
Key Individual (Category 2 License: Bonds, Shares and Crypto): Minu Financial Services, Johannesburg,GP. Are you a driven and experienced financial professional with a Category 2 License specializing in bonds, shares and crypto? Do you have a passion for guiding investment strategies and ensuring compliance within a fast-paced environment? If so, we invite you to be part of our innovative and growing team.
Read more
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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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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