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We are living in a tough economic climate – the South African economy and the global economy are not at their best. This makes it even more important to make your money go far. Your clients’ most valuable asset is their ability to earn an income so they can secure they and their families’ future. Protecting that asset becomes even more essential during tough times.
Decreases in cost and increases in transparency and choice regarding underlying investment options make endowments a viable option to consider for tax-efficient discretionary (non-retirement funding) savings.
Only 12% of metro working households in South Africa make use of an investment policy, and savings levels of working South Africans remain dangerously low at 15%*.
The strongest deterrent against FSP compliance missteps is or should be: