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The short answer is yes, but it is a little more complicated than that, as there could be benefits too. Contrary to popular perception, prescribed assets are not a process by which Government takes a portion of your retirement funds and the fund value drops.
Financial institutions, including those in the insurance industry, have had to develop and adapt their products and services over the years to suit the ever-changing lifestyles of humans.
Traditionally, the development of risk management plans is tailored to address assessed and quantified risks. There is however always the ‘the unknown factor’.
Of all the sources of financial stress, rand volatility is surely topmost for South African investors. As a nation, we obsess about the rand and its trajectory. Nancy Hossack, an analyst at Foord Asset Management, describes a simple strategy for investors to manage currency stress.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?