Municipalities’ arrear contributions spiral
Municipalities’ arrear contributions spiral

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Investment Indicators | 25 November 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
Trump’s economics: consumer confidence is the golden thread
Arrears in local government sector reach alarming levels
Data reveals trends in members’ two-pot withdrawals
In the news
Should the two-pot system result in new investment strategies?
FSCA slaps R2.2 million in fines on FSPs for FICA violations
Even serious misconduct requires a fair and lawful debarment process
No room for dishonesty: Tribunal upholds decision to reject FSP licence
Perspective
Financial abuse: the hidden weapon of gender-based violence
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
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Careers Platform
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Industry positions
Moonstone positions
ADVERTORIAL
GTC banner 2023-10-02

Have your fund members been advised on Two-pots options?

Are your members using Two-pot responsibly? A GTC perspective on the matter.

Are your members knowledgeable about the impact of their Two-pot decision?

Are you on top of your clients’ claims and payouts. What members are saying about

GTC’s Two-pot engagement process.

Have you used Two-pot to improve your relationship with your retirement fund clients? 

Contact CEO, Gary Mockler at gmockler@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) 6.000% 6.150%
Clientele (G) 5.995% 6.112%
Discovery (G) 5.748% 5.852%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.390% 6.540%
Clientele (G) 6.315% 6.432%
Discovery (G) 6.135% 6.239%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 8.58% 8.73%
Nedbank 8.40% 8.41%
Coronation 8.39% 8.42%
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
Trump’s economics: consumer confidence is the golden thread
During his first term, Donald Trump’s policies spurred a confidence-fuelled boom in US markets. With proposals for deeper tax cuts and renewed trade barriers, he’s aiming for a repeat performance.
Top story read button
Arrears in local government sector reach alarming levels
58% of South Africa’s municipalities – 149 out of 257 – are behind on their retirement fund contributions, highlighting a growing issue in local government finances.
Top story read button
Data reveals trends in members’ two-pot withdrawals
FSCA plans to issue guidance on what it considers to be a fair and transparent approach to transaction fees.
Top story read button
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FICA banner
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IN THE NEWS
Should the two-pot system result in new investment strategies?
Old Mutual’s Andrew Davison highlights why the two-pot system could lead to better retirement outcomes – and what trustees and advisers need to consider to make it happen.
Itn read button
FSCA slaps R2.2 million in fines on FSPs for FICA violations
The FSCA highlights the role of RMCPs in safeguarding financial institutions and the financial system after compliance breaches by two FSPs.
Top story read button
Even serious misconduct requires a fair and lawful debarment process
The Tribunal’s ruling highlights that following the correct process is as important as addressing misconduct in the financial services sector.
In the news 3 read button
No room for dishonesty: Tribunal upholds decision to reject FSP licence
The case illustrates how discrepancies in disclosure can undermine an individual’s suitability for a key role, resulting in the rejection of a licence application.
In the news 4 read button
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F & P - Gold - 4 Export-live-chat
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PERSPECTIVE
Financial abuse: the hidden weapon of gender-based violence
During the 16 Days of Activism, financial adviser Jessica Pillay urges women to identify economic abuse and gives advice on how to reclaim their independence.
Read full article
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MOONSTONE UPDATE 18 TO 21 NOVEMBER 2024
How FSCA plans to deal with arrear contributions
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2023-11-22

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Risk and Compliance Officer:FinGlobal Migration Pty Ltd, Hermanus, Western Cape, South Africa. FinGlobal is hiring a full-time Risk and Compliance Officer for our Hermanus office. This permanent role offers a competitive salary, 21 leave days, and comprehensive benefits, including group life, pension, and medical insurance.
Read more
CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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