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Investment Indicators | 18 June 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 |
| 1Life (L) |
6.750% |
7.020% |
| Discovery (G) |
6.402% |
6.902% |
| Nedgroup Life (L) |
5.550% |
5.780% |
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R1 000 000 (1.5% commission) |
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| Company |
This week |
Last week |
| 1Life (L) |
7.110% |
7.380% |
| Discovery (G) |
6.792% |
7.293% |
| Clientele (G) |
5.735% |
5.941% |
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Money Market Funds |
| R100 000 |
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| Company |
This week |
Last week |
| Allan Gray |
9.06% |
9.11% |
| Coronation |
8.76% |
8.81% |
| Symmetry |
8.71% |
8.65% |
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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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IN THE NEWS
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FSCA flags MyWealth Legatus
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The Authority warns the public to exercise caution with MyWealth Legatus, just three months after imposing R73 million in penalties on two of its affiliate companies.
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CAREERS PLATFORM - INDUSTRY POSITIONS |
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Broker Support Administrator: Intellisure Insurance Brokers, Newlands, Cape Town.
This will be the opportunity of a lifetime for the successful candidate who complies with the recommended requirements. A minimum of 10 years recent experience as a short-term insurance broker in a small office with the ability to multi-task. |
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