Proposed amendments to Regulation 28 show long-awaited political savvy
Proposed amendments to Regulation 28 show long-awaited political savvy

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Investment Indicators | 8 March 2021
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
From the Crow's Nest
Your Practice Made Perfect
Treasury tightens noose on retirement assets of emigrants
Local hedge funds industry finding its feet in a regulated environment
Consumer rights month - Regulator puts client at the centre
Regulatory Examinations
The importance of the FSCA's RE Preparation Guide
Schedules for 2021
Careers Platform
Our platform contains a comprehensive list of opportunities for those considering a career in the financial services industry
Featured positions
In Lighter Wyn
"Open your eyes, look within. Are you satisfied with the life
you're living?
" - BOB MARLEY
ADVERTORIAL
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Contact our CEO Gary Mockler, gmockler@gtc.co.za as to how GTC can assist in growing your business.

Visit our website at www.gtc.co.za.
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.
R100 000
Company This week Last week
ABSA (L) 5.456% 5.221%
Clientéle Life (G) 5.200% 5.050%
Assupol (G) 4.998% 4.991%
R1 000 000
Company This week Last week
ABSA (L) 5.456% 5.221%
Assupol (G) 5.425% 5.418%
Clientéle Life (G) 5.400% 5.250%
Money Market Funds
R100 000
Company This week Last week
Cadiz 4.720% 4.790%
Allan Gray 4.230% 4.270%
Glacier 3.880% 3.970%
Prudential 3.880% 4.000%
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.
ADVERTORIAL
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Service and engagement Medihelp's commitment to advisers

Assisting your clients in choosing an affordable medical aid that meets their needs, requires a solid support system.

At Medihelp we follow through on our commitment to advisers by providing you with active support and access to information, including:
Digital brochures with click-through functionalities and product videos;
Electronic application forms and digital tracking of membership applications, which eliminates paperwork, saves time and keeps you and your clients in the loop with emails and SMSs;
The Adviser Toolbox, an online service platform where you can upload and submit documents, get the latest information and track processes;
The adviser app, which gives you mobile access to all your Medihelp business; and
Dedicated adviser consultants, an online chat functionality and the adviser call centre to assist you.
The results of the 2020 South African Customer Satisfaction Index (SA-csi) show that Medihelp is an industry leader across all metrics of quality service delivery, with members rating us the best choice for fair treatment, clear communication and excellent service.
FROM THE CROW'S NEST
Proposed amendments to Regulation 28 show long-awaited political savvy
National Treasury published amendments to Regulation 28 of the Pension Funds Act to encourage investment in infrastructure. What does it entail, and how did the industry react?
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YOUR PRACTICE MADE PERFECT
Treasury tightens noose on retirement assets of emigrants
The Budget Review 2021 includes a proposal to impose a deemed retirement withdrawal tax on retirement assets of emigrants as an exit tax. According to Joon Chong and Wesley Grimm of Webber Wentzel the proposal is unclear and has numerous issues.
YP1 read button
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YOUR PRACTICE MADE PERFECT
Local hedge funds industry finding its feet in a regulated environment
Statistics released by the Association for Savings and Investment South Africa (ASISA) show that assets under management increased by R4.35 billion in 2020 from the R68.92 billion managed by local hedge funds at the end of 2019. This is the first time that independent statistics are available for the local hedge funds industry.
YP2 read button
Fit and Proper Manager
YOUR PRACTICE MADE PERFECT
Consumer rights month - Regulator puts client at the centre
The FSCA booklet, “Safeguard your finances”, highlights the purpose of the FAIS Act, i.e. to protect consumers of financial services and to professionalise the financial services industry. A valuable download for adviser and client.
YP3 read button
Career opportunities
CAREERS PLATFORM
Featured Position
POPIA Specialist: Moonstone Compliance, Stellenbosch. We have a position for a POPIA Specialist. The successful candidate will be appointed as a specialist regarding regulatory compliance and risk management as it pertains to the POPI Act. They will be responsible for the development of a POPIA regulatory compliance service offering, and the building and maintenance of our POPIA client base.
Read more
Student Acquisitions Administrator:Moonstone Business School of Excellence (MBSE), Stellenbosch. We are looking for a candidate who will be responsible for implementing the MBSE Sales Strategy for inbound sales activities, establish contact, develop, and maintain relationships. To qualify for this position you will need a Grade 12 certificate, Call Centre or tele service experience and must have the ability to interact with clients and communicate effectively.
Read more
Administrative Assistant / Relationship Manager: Galileo Capital (Pty) Ltd, Johannesburg. Galileo Capital is looking for a self-managed, self-motivated, and coachable young individual to join as a personal assistant/relationship manager. The role incumbent will work in a team and assist the financial planner and para planner with all administrative tasks in respect of managing client relationships and be responsible for all service requirements from clients.
Read more
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IN LIGHTER WYN
Signs of the Times?

Actual signs spotted out and about:

Did I read that sign right?
TOILET OUT OF ORDER. PLEASE USE FLOOR BELOW

In a Laundromat:
AUTOMATIC WASHING MACHINES: PLEASE REMOVE ALL YOUR CLOTHES WHEN THE LIGHT GOES OUT

In a London department store:
BARGAIN BASEMENT UPSTAIRS

In an office:
WOULD THE PERSON WHO TOOK THE STEP LADDER YESTERDAY PLEASE BRING IT BACK OR FURTHER STEPS WILL BE TAKEN

In an office:
AFTER TEA BREAK STAFF SHOULD EMPTY THE TEAPOT AND STAND UPSIDE DOWN ON THE DRAINING BOARD

Outside a secondhand shop:
WE EXCHANGE ANYTHING - BICYCLES, WASHING MACHINES, ETC. WHY NOT BRING YOUR WIFE ALONG AND GET A WONDERFUL BARGAIN?

Notice in health food shop window:
CLOSED DUE TO ILLNESS

Spotted in a safari park:
ELEPHANTS PLEASE STAY IN YOUR CAR

Seen during a conference:
FOR ANYONE WHO HAS CHILDREN AND DOESN'T KNOW IT, THERE IS A DAY-CARE ON THE 1ST FLOOR

Notice in a farmer's field:
THE FARMER ALLOWS WALKERS TO CROSS THE FIELD FOR FREE, BUT THE BULL CHARGES.

Message on a leaflet:
IF YOU CANNOT READ, THIS LEAFLET WILL TELL YOU HOW TO GET LESSONS

On a repair shop door:
WE CAN REPAIR ANYTHING. (PLEASE KNOCK HARD ON THE DOOR - THE BELL DOESN'T WORK)

(Thank you for sharing, Karl-Heinz Michel)

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