Category Retirement
SUB CATEGORIES Annuties |  General |  Savings & Investments | 

Lisps do nicely

04 July 2004 Angelo Coppola

The linked investment service provider (LISP) industry had its best quarter since 2000 in the first three months of 2004.

Assets under management now total more than R91bn, representing an increase in assets of R2.6bn.

The top four players in the LISP industry, Investec, Momentum, Innofin and Fairbairn Capital, together hold a substantial portion of the industry’s assets.

Innofin, the youngest LISP, has doubled its market share to 14% in just four years. With R13bn in assets under management, it continues its aggressive growth under the leadership of chief executive officer Johan du Preez.

Almost a quarter of the LISP industry’s retirement money is invested in the Sanlam Personal Portfolio (SP2) investment linked life annuity.

“We believe intermediaries will play a bigger and bigger role in future and have structured our business accordingly,” he says.

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