Experts warn of financial literacy crisis
Experts warn of financial literacy crisis

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Investment Indicators | 2 September 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
Moonstone Business School of Excellence launches training for FAIS representatives
Experts warn of financial literacy crisis, call for co-ordinated action
Two strikes and you’re out: SARS clarifies tax practitioner registration
In the news
Court orders car dealership to refund consumer after blaming defects on driving style
Santam reports 34% net income growth despite rising weather-related claims
Beware the tax impact on withdrawals from your savings ‘pot’
Discovery, Metropolitan, and Assupol shine at Orange Index Awards
Balancing the scales: strategies for women navigating career, family, and self-care
Retirement funds get exemption from using prescribed section 14 transfer forms
Perspective
Two-pot system is about compulsory preservation
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
Clientele (G) 6.040% 5.910%
1Life (L) 6.020% 5.940%
Discovery (G) 5.596% 5.700%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.380% 6.300%
Clientele (G) 6.360% 6.230%
Discovery (G) 5.982% 6.086%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 9.08% 8.99%
Coronation 8.70% 8.67%
Symmetry 8.60% 8.64%
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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Fedgroup large banner 2024-03-21
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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 its FIC Act obligations. The FIC will further discuss some of the obligations in this article and highlight 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
Moonstone Business School of Excellence launches training for FAIS representatives
MBSE’s RE 5 training is a comprehensive course designed to enhance your understanding of key regulatory frameworks and real-world applications.
Top story read button
Experts warn of financial literacy crisis, call for co-ordinated action
At the FSCA Financial Education Summit, industry leaders outlined the shortcomings of current financial education efforts and the need for a strategic overhaul.
Top story read button
Two strikes and you’re out: SARS clarifies tax practitioner registration
An Interpretation Note provides clear guidelines on when a practitioner can be prohibited from registering or deregistered due to non-compliance.
Top story read button
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FICA banner
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IN THE NEWS
Court orders car dealership to refund consumer after blaming defects on driving style
The NCC has prioritised the second-hand motor vehicle industry due to the high volume of complaints from dissatisfied consumers.
Itn read button
Santam reports 34% net income growth despite rising weather-related claims
The group attributed the turnaround in motor insurance to managing claims inflation and improving risk selection, resulting in a significant reduction in claims frequency.
Top story read button
Beware the tax impact on withdrawals from your savings ‘pot’
Avoiding the tax hit is one of the reasons retirement fund members should have an emergency fund.
In the news 3 read button
Discovery, Metropolitan, and Assupol shine at Orange Index Awards
The leading independent benchmark for customer experience is a localised strategic measure that directs and supports leadership decisions on customer relevance.
In the news 4 read button
Balancing the scales: strategies for women navigating career, family, and self-care
With women taking on disproportionate caregiving roles, the elusive work-life balance seems harder to achieve. PSG executives share practical tips on how to simplify, organise, and prioritise to regain control.
In the news 5 read button
Retirement funds get exemption from using prescribed section 14 transfer forms
The exemption will apply pending the finalisation of the consultation process on the draft amendments to Conduct Standard 1.
In the news 6 story read button
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F & P - Gold - 4 Export-live-chat
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PERSPECTIVE
Two-pot system is about compulsory preservation
South Africa has the potential to boost its savings rate and secure a more stable source of funding for fixed investments, essential for driving economic growth.
Read full article
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MOONSTONE UPDATE 26 TO 30 AUGUST 2024
Banks defend home loan lending criteria
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
 
Short-Term Insurance Commercial Lines Underwriter): Intasure (PTY) Ltd, Southern Suburbs,Cape Town,WC. A well-established Insurance Brokerage in Cape Town, Southern Suburbs requires the services of an office based Commercial Lines Underwriter.
Read more
Short-Term Insurance Personal Lines Underwriter: Intasure (PTY) Ltd, Southern Suburbs,Cape Town,WC. A well-established Insurance Brokerage in Cape Town, Southern Suburbs requires the services of an office based Personal Lines Underwriter.
Read more
Short-Term Insurance Claims Negotiator: Intasure (PTY) Ltd,Southern Suburbs,Cape Town,WC.A well-established Insurance Brokerage in Cape Town, Southern Suburbs is looking to recruit a Claims Negotiator.
Read more
Commercial Underwriter (JG 8): Santam,Bellville. Work in this job family stream is concerned with managing commercial risk by providing specialist technical underwriting advice. COE is a highly technical role with strong client focus. The key focus is on underwriting new and existing business to maintain profitability while also creating a platform to aid the growth process.
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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
CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
Read more
 
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