LAURA DU PREEZ Your adviser may supply products from just one institution and there may be perverse incentives behind the choices they make. When you sit down with a financial adviser, you should have a clear idea who you are dealing with and what their relationship is with any supplier of financial products, be they […]
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5 Ways to Make the Most of your Retirement
1 October 2019 – Martin Hesse – Personal Finance If you were retrenched tomorrow, with no prospect of finding another full-time job, an immediate reaction would be concern about your loss of income. Apart from financial worries, you may feel you are no longer of any use to the world, that you have been “discarded” […]
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Feedback from our first PRPC!
Our first Workshops are under way and we’re already receiving amazing feedback! Here is a comment after the JHB Workshop (at the date of this post the next PRPC Workshops will be in Durban 19th and Bellville 20th September). “Hi Derek, Many thanks for yesterday – it was actually worth getting up in the middle […]
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Batseta 2019 Interviews Derek Smorenburg
The amount of pension, provident and RA funds (about 1700) is overwhelming, and then you find out that each fund has a range of unique elements! We invited five of these funds to present to our members at a recent workshop to better understand the advice challenges that we as IFAs are facing. Independent financial […]
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Leaving a job? Don’t shun the free pension fund advice
Counselling saves money in the long run BY LAURA DU PREEZ – 13 June 2019 – 13:09 https://www.sowetanlive.co.za/business/money/2019-06-13-leaving-a-job-dont-shun-the-free-pension-fund-advice/ Life is busy. Calls and written information are easy to ignore, but time spent engaging with the information could prove invaluable in ensuring a decent pension for more than 30 years of your life in retirement. Your retirement fund is […]
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Retirement fund defaults compete for your savings
Advisers worried about RAs, preservation funds and fees 11 JUNE 2019 – 05:10 LAURA DU PREEZ https://www.businesslive.co.za/bd/life/2019-06-11-retirement-fund-defaults-compete-for-your-savings/ Regulations oblige all retirement fund trustees to choose investments that are appropriate for the members, reasonably priced and competitive. New regulations under the Pension Funds Act are forcing retirement fund trustees to choose more cost-effective investments and annuities as […]
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What your umbrella fund offers you under the default regulations
MARTIN HESSE | martin.hesse@inl.co.za – 4th June 2019 https://www.iol.co.za/personal-finance/investments/what-your-umbrella-fund-offers-you-under-the-default-regulations-24856454 If your employer belongs to a large commercial umbrella fund, the fund will have aligned its products and services to comply with the default retirement fund regulations, which came into effect March 1. If you belong to a stand-alone employer fund, on the other hand, the […]
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Regulations and the law of unintended consequences
MARTIN HESSE | martin.hesse@inl.co.za – 11th May 2019 RECENTLY, I wrote about how the revised Policyholder Protection Rules for life insurance were causing headaches for providers of group life cover, because the revised rules had been drawn up more with the individual consumer in mind than employers buying group cover for their employees. This is […]
Continue readingAre advisers neglecting needs of older clients?
FINANCIAL PLANNING – 10 SEPTEMBER 2018 – MARTIN HESSE – OPINION: WORDS ON WEALTH (https://www.iol.co.za/personal-finance/financial-planning/are-advisers-neglecting-needs-of-older-clients-16963388) SAIFAA did not write the below article. The original can be found above. What strikes me about commercial activity in South Africa is that it is predominantly focused on the young. The clothing and entertainment industries, in particular, seem oblivious […]
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