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Digital transformation has dramatically changed the way people transact in everyday life, whether to do shopping, book accommodation, or to communicate.
There is a widespread misconception among people using the living annuity products offered by South African investment houses, relating to how much of their portfolio they can hold offshore. More specifically, many believe they can hold no more than 45% of a portfolio offshore.
The day-to-day compliance and operational challenges that modern financial advice practices have to overcome can make it difficult for financial advisers and financial planners to appreciate their true worth. Worth is defined by Oxford Languages as ‘the level at which someone or something deserves to be valued or rated’. Many make the mistake of aligning worth with remuneration; but in the financial advice context, it makes more sense to think of your worth in terms of the value you add to society through the activity of financial advising.
What can retirement funds do to improve client-adviser engagement during members’ employment years?