FSCA looking into two-pot admin fees
FSCA looking into two-pot admin fees

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Investment Indicators | 16 September 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
Civil society frustrated by corruption-fighting information falling through the cracks
FSCA wants to know how much two-pot withdrawals are costing members
FAIS Ombud proposes increasing the KI and representative levy
In the news
Regulator battles for data privacy: major cases against SARS, SAPS and IEC
Tribunal upholds debarment of underwriting manager over false claims
Single mother and sole breadwinner pleads for debarment to be lifted
The importance of having a valid will and proper estate planning
Express kidnapping: when disclosing banking details leads to financial loss
Adjudicator says levy increase will support operational independence
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 life (G) 5.904% 5.886%
1Life (L) 5.620% 5.830%
Discovery (G) 5.400% 5.497%
R1 000 000 (1.5% commission)
Company This week Last week
Clientele life (G) 6.224% 6.206%
1Life (L) 6.000% 6.190%
Discovery (G) 5.785% 5.883%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 8.97% 9.01%
Symmetry 8.73% 8.53%
Coronation 8.63% 8.65%
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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TOP STORIES
Civil society frustrated by corruption-fighting information falling through the cracks
The Organisation Undoing Tax Abuse highlights the need for a centralised platform for sharing information to empower South Africa’s criminal justice system.
Top story read button
FSCA wants to know how much two-pot withdrawals are costing members
The Authority is seeking information on how much it costs retirement funds and administrators to adapt their systems for the new two-pot structure.
Top story read button
FAIS Ombud proposes increasing the KI and representative levy
FSPs will have to budget for an additional R32 per key individual or representative in the 2025/26 financial year.
Top story read button
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FICA banner
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IN THE NEWS
Regulator battles for data privacy: major cases against SARS, SAPS and IEC
The Information Regulator gives feedback on cases tackled this year against various public entities to enforce compliance with PAIA and POPIA.
Itn read button
Tribunal upholds debarment of underwriting manager over false claims
SASTUA says the former key individual issued policies under false pretences and submitted duplicate claims for the same items.
Top story read button
Single mother and sole breadwinner pleads for debarment to be lifted
Commercial insurance agent who was debarred for diverting premiums to her bank account asks to be allowed to make a fresh start.
In the news 3 read button
The importance of having a valid will and proper estate planning
Without a legally sound will, an estate is distributed under intestate succession laws, which may not align with your wishes. Make sure your family is protected by drafting a will with the help of a financial adviser.
In the news 4 read button
Express kidnapping: when disclosing banking details leads to financial loss
When a customer compromises their confidential banking details, they are usually held liable, but once the breach is reported, the bank becomes responsible for mitigating any further losses.
In the news 5 read button
Adjudicator says levy increase will support operational independence
The Pension Funds Adjudicator is looking to implement a 4.7% increase in its levy, raising the cost to retirement funds by 49c per eligible member.
In the news 6 story read button
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F & P - Gold - 4 Export-live-chat
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MOONSTONE UPDATE 9 TO 12 SEPTEMBER 2024
Push for stronger PAIA enforcement
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
 
Retentions Consultant: King Price Insurance,Pretoria, Gauteng. The purpose of this position is to communicate with clients and managing relationships in order to increase loyalty and retain their business.
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Manager: Fund Administration: GIB Financial Services (Pty) Ltd, Sandton. This position requires an energetic person who is able to work well under pressure and supervise a dynamic team.
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Short-Term Insurance Commercial & Personal Lines Position: Elna Rudman Brokers,Pretoria,Gauteng. A well-established Insurance Brokerage in Pretoria East requires the services of an office based Personal Lines Underwriter.
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Compliance Manager: King Price Insurance,Pretoria, Gauteng. Minimum 3-5 years’ experience in a compliance management position with in-depth knowledge of the non-life insurance industry and applicable legislation (Insurance Act, Short-term Insurance Act, FAIS Act, POPIA).
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Senior Commercial Underwriter & Senior Personal Underwriter for short-term insurance: Prive Financial Services Pty Ltd, Highlands North (JHB). Must be able to provide exceptional customer service and a high level of customer centricity, retention and loyalty by handling all admin functions on a existing clients and new business.
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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.
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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.
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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.
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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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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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