How Ithala’s licence suspension may affect clients
How Ithala’s licence suspension may affect clients

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Investment Indicators | 26 August 2024
IN THIS WEEK's ISSUE
Rates Review
Investment Rates
Money Market Funds
Top 3 Rates
Top stories
‘Wow, am I smart.’ The most expensive phrase in managing investments?
How Ithala’s licence suspension may affect clients and operations
SARS alerts fund members to the requirements for two-pot withdrawals
In the news
No-cost webinar on meeting your beneficial ownership obligations
Why your salary feels smaller: purchasing power plummets as debt levels soar
Understanding the division of retirement benefits at divorce
Private equity fundraising in southern Africa hits 13-year high
Opportunities and challenges: women’s path to leadership in financial services
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
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) 5.940% 6.150%
Clientele Life (G) 5.910% 6.100%
Discovery (G) 5.700% 5.701%
R1 000 000 (1.5% commission)
Company This week Last week
1Life (L) 6.300% 6.510%
Clientele Life (G) 6.230% 6.420%
Discovery (G) 6.086% 6.087%
Money Market Funds
R100 000
Company This week Last week
Allan Gray 8.99% 9.02%
Coronation 8.67% 8.67%
Symmetry 8.64% 8.66%
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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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
‘Wow, am I smart.’ The most expensive phrase in managing investments?
Investors should prioritise risk management by regularly re-evaluating their portfolios, rather than chasing high-growth investments driven by market euphoria.
Top story read button
How Ithala’s licence suspension may affect clients and operations
While Ithala remains operational for existing clients, the search for a new sponsor and regulatory hurdles pose significant challenges.
Top story read button
SARS alerts fund members to the requirements for two-pot withdrawals
A request for a tax directive will be declined if a member is not a registered taxpayer or has outstanding returns.
Top story read button
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IN THE NEWS
No-cost webinar on meeting your beneficial ownership obligations
Moonstone Compliance will unpack the implications of PCC 59 for accountable institutions.
Itn read button
Why your salary feels smaller: purchasing power plummets as debt levels soar
Even as inflation eases, high interest rates continue to erode incomes, forcing many South Africans to rely on loans to get by.
Top story read button
Understanding the division of retirement benefits at divorce
Understanding the nuances of ‘pension interest’ and ensuring accurate wording in the divorce order is vital to avoid complications.
In the news 3 read button
Private equity fundraising in southern Africa hits 13-year high
The 2024 Private Equity Industry Survey shows a dramatic increase in the proportion of investments by firms with funds under management of over R5 billion.
In the news 4 read button
Opportunities and challenges: women’s path to leadership in financial services
PSG executives Wendy Myers, Anet Ahern, and Karen Rimmer draw on their own experience to provide advice on how women can climb the corporate ladder.
In the news 5 read button
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MOONSTONE UPDATE 19 TO 22 AUGUST 2024
Ombud clarifies remarks about trusting advisers
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.
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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,WC. 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.
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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.
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Key Individual (Category 2 License: Bonds, Shares and Crypto): Minu Financial Services, Johannesburg,GP. Are you a driven and experienced financial professional with a Category 2 License specializing in bonds, shares and crypto? Do you have a passion for guiding investment strategies and ensuring compliance within a fast-paced environment? If so, we invite you to be part of our innovative and growing team.
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CAREERS PLATFORM - MOONSTONE POSITIONS
 
For career opportunities currently available at Moonstone please click the button below.
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