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An opportunity to engage with clients

05 May 2020

South Africa’s financial advice community should prepare for a flood of requests from clients to review their living annuity drawdown limits. National Treasury (NT) has announced that it will expand access to capital in living annuity funds by allowing annuitants greater flexibility in choosing their drawdown rates. The minister of finance will temporarily amend the amount referred to in paragraph (b) of the definition of ‘living annuity’ in section 1(1) of the Income Tax Act as well as allow for changes “irrespective of the date on which the living annuity contract was concluded”. Annuitants will be able to drawdown between 0,5% and 20% of their living annuity capital (previously 2,5% to 17,5%).

The blurring line

14 April 2020

It is time to step away from the word ‘passive’ in passive investment management and accept that all investment strategies depend on dozens of active investment decisions. This view emerged during a panel discussion at the 2020 Investment Forum, held in Cape Town in March 2020. The panellists, who presented in-camera following the event’s quarantine due to COVID-19, were tasked with answering whether the active versus passive debate missed the mark?

Should Eskom be powered with pensions?

25 February 2020

With the budget speech looming tomorrow, deepening state of financial disarray at the state power utility Eskom is a thorn in the flesh of the national economy that minister of finance, Tito Mboweni will have to address. The much-publicised and forever increasing problems at the embattled parastatal are expected to take center stage at the upcoming national budget speech, due to their stunting effects on the economy – among other things like the discomfort they impose of South Africans.

Are South Africans choosing the safer bet

05 February 2020

I have attended dozens of retirement funding presentations over the years. The focus is usually on saving enough capital to ‘buy’ a sustainable income in your golden years using the time-tested formula of contributing 15% (or more) of your gross annual salary to a pension fund or retirement annuity from the time you start working (aiming for at least 40 years of contributions) and always preserving your capital when changing jobs. But what happens when you reach your retirement age?

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

View the Results

Feeling the way through FICA

15 January 2020

Taking TCF to a new level

13 November 2019

Patience is needed in the great cost debate

08 October 2019

Adaptability is your superpower

12 September 2019

Will this be the solution?

28 August 2019

The situation is worse than expected

31 July 2019

Take a leap of faith and appreciate your value

25 July 2019

Is financial resilience the same as fair value?

03 July 2019

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Talked About Features / Straight Talk