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Investment Indicators | 8 March 2021
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IN THIS WEEK's ISSUE |
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Rates Review |
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From the Crow's Nest |
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Your Practice Made Perfect |
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Regulatory Examinations |
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Careers Platform |
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In Lighter Wyn |
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"Open
your eyes, look within. Are you satisfied with the life
you're living?"
- BOB MARLEY
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ADVERTORIAL
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How a fund member retires has changed forever...
Legislated in-fund preservation, default annuities and portfolios has broken the compulsion for a fund member to ever leave their fund.
Talking to these members, whilst giving sensible counselling - and then professional advice at competitive pricing -
requires a financial technology platform of substance.
Benefit consultants, administrators and financial advisors associated with retirement funds will benefit from Altertude,
GTC's integrated end-to-end programme providing retirement fund members with all interventions needed in a holistic financial plan.
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.
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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. |
| R100 000 |
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| 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 |
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| Company |
This week |
Last week |
| ABSA (L) |
5.456% |
5.221% |
| Assupol (G) |
5.425% |
5.418% |
| Clientéle Life (G) |
5.400% |
5.250% |
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Money Market Funds |
| R100 000 |
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| 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% |
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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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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:
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Digital brochures with click-through functionalities and product videos; |
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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; |
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The Adviser Toolbox, an online service platform where you can upload and submit documents, get the latest information and track processes; |
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The adviser app, which gives you mobile access to all your Medihelp business; and |
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Dedicated adviser consultants, an online chat functionality and the adviser call centre to assist you. |
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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.
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YOUR PRACTICE MADE PERFECT |
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Treasury tightens noose on retirement assets of emigrants |
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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. |
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YOUR PRACTICE MADE PERFECT |
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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. |
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YOUR PRACTICE MADE PERFECT |
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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. |
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CAREERS PLATFORM |
| Featured Position |
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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. |
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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. |
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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. |
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IN LIGHTER WYN |
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Signs of the Times? |
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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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