Tribunal tells Discovery to reconsider agents’ debarments
Tribunal tells Discovery to reconsider agents’ debarments

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Investment Indicators | 29 April 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
Cybercriminals ramp up their attacks on tax practitioners
Insurance quote manipulation: Tribunal orders Discovery to reconsider debarments
In the news
Hawks investigating reported death of MTI founder Johann Steynberg
SARB hopes new deposit insurance scheme will result in banks paying higher interest rates
It’s been a lost decade for JSE investors, says Allan Gray
Failure to act timeously over arrear contributions places members’ benefits at risk
 
Moonstone Update
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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.
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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) 7.310% 7.380%
Discovery (G) 7.045% 6.751%
Nedgroup Life (L) 6.090% 6.150%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 7.670% 7.740%
Discovery (G) 7.436% 7.141%
Clientele Life (G) 6.093% 6.130%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 9.12% 9.12%
Symmetry 8.74% 8.59%
Coronation 8.68% 8.84%
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
Cybercriminals ramp up their attacks on tax practitioners
SARS responds to reports of hackers accessing practitioners’ eFiling profiles, removing clients, and changing banking details.
Top story read button
Insurance quote manipulation: Tribunal orders Discovery to reconsider debarments
The onus lies with the FSP to prove the facts it relies upon to debar its representative on a balance of probabilities.
Top story read button
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ADVERTORIAL
INV_GLOBAL_660X150_MOON@2x.png
Unlocking global opportunities with Investec

Tectonic shifts in demographics will change the way we think about retirement planning. Structured products can play a key role in navigating these changes.

Global demographic shifts are increasingly under the spotlight and investment professionals and investors alike are having to think about what this means for their portfolios.

In this environment, structured products have a key role to play. In recent years, investors have been drawn to this particular alternative asset class as an excellent way to reduce volatility in their portfolios in the years just before and after retirement. Structured products can be an excellent tool for hedging the risk of a market sell-off while also allowing participation in the upside.

Read the full article
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IN THE NEWS
Hawks investigating reported death of MTI founder Johann Steynberg
Brazilian reports spark speculation as South African authorities probe the circumstances surrounding Steynberg’s alleged death.
Itn read button
SARB hopes new deposit insurance scheme will result in banks paying higher interest rates
Bank Zero’s chief executive agrees that the Corporation for Deposit Insurance has the potential to boost the competitiveness of the new digital banks.
Top story read button
It’s been a lost decade for JSE investors, says Allan Gray
But a co-manager of the Equity Fund believes the domestic exchange offers compelling investment opportunities.
In the news 3 read button
Failure to act timeously over arrear contributions places members’ benefits at risk
Over half of the awards issued by the Pension Funds Adjudicator for complaints about unpaid contributions were affected because part of the claim had expired.
In the news 4 read button
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MOONSTONE UPDATE 22 TO 25 APRIL 2024
Forfeiture of assets belonging to Jooste’s ‘lover’ sets precedent
Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.


Moonstone Update 2023-04-26

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Career opportunities
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CAREERS PLATFORM - INDUSTRY POSITIONS
 
Gap Cover Claims Assessor: Cura Administrators, Pretoria. We are looking for a competent, dependable, and energetic Gap Cover claims administrator to manage Gap Cover claims. Related medical scheme experience is essential.
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Representatives and Brokers: Manage All, Pretoria and countrywide. Manage All invites brokers and representatives to join our brokerage and market our range of medical scheme products. Applicants must have a reputable track record in the financial services industry and must be compliant with Fit and Proper regulations.
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Client Services Administrator Medical Schemes: Manage All, Pretoria. We are looking for a competent, dependable and energetic client services administrator to manage medical scheme queries. Requirements include: RE5, Class of Business training in Health Benefits. Related Medical Scheme experience essential.
Read more
Policy Administrator / Underwriter: Glenwood Brokers (Pty) Ltd, Pretoria. Glenwood Brokers is an established short-term Financial Service Provider situated in the East of Pretoria. We have a position available in the policy administration department. The role is focused on providing an end-to-end service and support to our clients.
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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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