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Investment Indicators | 12 August 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 |
| Clientele (G) |
6.140% |
6.810% |
| 1Life (L) |
6.130% |
6.200% |
| Discovery (G) |
5.799% |
5.751% |
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R1 000 000 (1.5% commission) |
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| Company |
This week |
Last week |
| 1Life (L) |
6.490% |
6.560% |
| Clientele (G) |
6.460% |
6.130% |
| Discovery (L) |
6.186% |
6.138% |
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Money Market Funds |
| R100 000 |
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| Company |
This week |
Last week |
| Allan Gray |
9.01% |
9.08% |
| Symmetry |
8.67% |
8.68% |
| Coronation |
8.61% |
8.42% |
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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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Helping retirees gain certainty and security in retirement
The Secured Capital Annuity from Discovery Invest is a comprehensive solution for securing financial stability in retirement. It offers guaranteed income for life, preserving capital through life cover, and the option to receive 13th cheques for up to 10 years in retirement.
Clients who choose to receive 13th cheques will also have an income pattern that changes over the course of retirement depending on the client’s age. The Secured Capital Annuity ensures certainty, security and peace of mind, a premium choice for clients whose needs extend past the range of traditional retirement income plans.
Learn more
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CAREERS PLATFORM - INDUSTRY POSITIONS |
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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. |
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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. |
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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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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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