Advice lessons from the FAIS Ombud’s settlements
Advice lessons from the FAIS Ombud’s settlements

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Investment Indicators | 28 October 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
SA racing against February deadline if it wants to exit grey list by mid-2025
FAIS Ombud’s report highlights pitfalls in client communication
No-cost webinar on FICA compliance in the agricultural sector
In the news
Amendment to ADR process may resolve tax disputes faster
Old Mutual pays out R2.3bn in over 200 000 two-pot withdrawal claims
High Court rules against financial firm in restraint of trade dispute
Bestmed defends 12.75% 2025 contribution hike as industry faces cost pressures
Fedgroup grows agri-finance beyond borders to offset South Africa's economic risks
Perspective
Should all tokens be equal in the crypto market?
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

Have your fund members been advised on Two-pots options?

Are your members using Two-pot responsibly? A GTC perspective on the matter.

Are your members knowledgeable about the impact of their Two-pot decision?

Are you on top of your clients’ claims and payouts. What members are saying about

GTC’s Two-pot engagement process.

Have you used Two-pot to improve your relationship with your retirement fund clients? 

Contact CEO, Gary Mockler at gmockler@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) 6.230% 6.190%
Clientele life (G) 6.164% 6.146%
Discovery (G) 5.897% 5.905%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.620% 6.580%
Clientele life (G) 6.484% 6.466%
Discovery (G) 6.284% 6.292%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 8.85% 8.93%
Coronation 8.50% 8.48%
Symmetry 8.40% 8.43%
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
SA racing against February deadline if it wants to exit grey list by mid-2025
National Treasury tells companies and trusts to submit their beneficial ownership information by the end of November.
Top story read button
FAIS Ombud’s report highlights pitfalls in client communication
From misrepresented investment products to overlooked policy details, the cases show how advisers can better serve clients by providing clear, timely, and relevant information.
Top story read button
No-cost webinar on FICA compliance in the agricultural sector
If you’re in the agricultural sector and deal in high-value goods, you may be subject to FICA. Moonstone Compliance’s free webinar will unpack what compliance entails.
Top story read button
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FICA banner
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IN THE NEWS
Amendment to ADR process may resolve tax disputes faster
Taxpayers may soon have a faster, cost-effective way to resolve disputes with SARS through alternative dispute resolution at the objection phase.
Itn read button
Old Mutual pays out R2.3bn in over 200 000 two-pot withdrawal claims
Financial advisers warn that even small withdrawals can significantly erode retirement income over time.
Top story read button
High Court rules against financial firm in restraint of trade dispute
The company failed to prove the existence of a protectable interest or that the restraint had been breached.
In the news 3 read button
Bestmed defends 12.75% 2025 contribution hike as industry faces cost pressures
Bestmed states pending rules for low-cost benefit options have further complicated efforts to reduce costs for members.
In the news 4 read button
Fedgroup grows agri-finance beyond borders to offset South Africa’s economic risks
First ventures in Mozambique and Zambia are just the beginning, says Fedgroup.
In the news 5 read button
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F & P - Gold - 4 Export-live-chat
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PERSPECTIVE
Should all tokens be equal in the crypto market?
As the regulatory framework develops, many questions remain – particularly around whether all tokens, from fungible coins to unique NFTs, will be regulated the same way.
Read full article
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MOONSTONE UPDATE 21 TO 24 OCTOBER 2024
R9 billion ‘win’ for Steinhoff’s successor
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
 
Commercial Lines Admin Assistant (Underwriter): Porcupine Union, Centurion, Gauteng. Our client is looking for a Commercial Lines Admin Assistant (Underwriter) who will be responsible for generating commercial business quotations on new clients and existing clients, file preparation and activation with product provider on completion of the other marketer’s advice process..
Read https://careers.moonstone.co.za/job/porcupine-union-centurion-gauteng-commercial-lines-admin-assistant-underwriter/more
Treasury Trader: Remgro Management Services Ltd, Stellenbosch, WC. Remgro Management Services Ltd is a category 1 FSP, offering a position to a representative with experience in money market instruments, deposits and derivative instruments to facilitate various companies’ cash needs according to their individual mandates.
Read more
Broker Support Administrator: Intellisure Insurance Brokers, Newlands, Cape Town. A bright, highly capable, organised, hardworking and adept full time Broker Support Administrator is required by a professional short term insurance brokerage based in Newlands, Cape Town.
Read more
CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
Read more
 
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