Ran from 04 Apr 2022 to 06 Apr 2022
Do you advise your clients to make additional investments into offshore-focused funds alongside their regulated retirement savings vehicles?
Results
Ran from 17 Mar 2022 to 03 Apr 2022
Imagine that the latest SA-CSI life insurance consumer survey is critical of your favourite life insurer brand, ranking it ‘behind the curve’ on a number of critical areas… What do you do?
Results
| Call some of my customers to see if their experience is similar (30.77%) |
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| Get on the WhatsApp to my broker consultant and demand action (10.26%) |
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| Shrug it off, these surveys are sometimes sketchy (20.51%) |
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| Start thinking about switching providers (38.46%) |
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Ran from 09 Mar 2022 to 16 Mar 2022
Employment equity targets and financial sector transformation…
Results
| Tough targets, tougher to meet… overly aggressive EE targets could prove almost impossible for firms to achieve. We are in for a rude awakening (45.45%) |
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| Self-regulation has not worked. Employment equity targets is the way to go. Proposals will also strengthen the overall framework for transformation in the financial sector. (4.55%) |
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| One wonders what will happen to firms operating in the financial services sector when they’re physically unable to onboard enough qualified and experienced individuals to meet these targets. (31.82%) |
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| It seems that the policymakers decided that transformation had/has a nice ring to it. (18.18%) |
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Ran from 24 Feb 2022 to 06 Mar 2022
The Budget Speech 2022...
Results
| Is welcome news and will go a long way to bolster the economy (20%) |
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| Is taxpayer-friendly, with tax increases kept to a minimum (8%) |
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| Is realistic and meets my expectations (12%) |
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| I have mixed feelings. Cutbacks and reprioritisations in government spending pose a significant risk (44%) |
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| Oh no! The taxes on booze and tobacco are higher again (16%) |
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Ran from 17 Feb 2022 to 02 Mar 2022
The latest Momentum Sci-fi report introduces the concept of a behaviour tax under four investor archetypes. Which of the following archetype best describes your equity fund decision making?
Results
| Anxious investor. Panic sell, but cannot get back in. (30.77%) |
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| Assertive investor. Switch to latest themes and trends, always. (15.38%) |
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| Avoider. Sit in safety to avoid risk. (23.08%) |
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| Market timer. Get in low, get out high. (30.77%) |
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Ran from 27 Jan 2022 to 14 Feb 2022
Each year dozens of analysts and economists have a go at forecasting the rand to US dollar 12-months into the future; but their educated ‘guesswork’ produces a wide range of outcomes. What do you think a dollar will ‘cost’ at 31 December 2022?
Results
| Let the professionals do the guesswork (8.54%) |
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| R14.50 per dollar, or better (4.88%) |
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| R14.50-R16.50 per dollar (50%) |
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| R16.50 per dollar, or worse (36.59%) |
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Ran from 19 Jan 2022 to 04 Feb 2022
Are you shocked by Sasria’s 2022 rate increases, or is it expected given the sheer scale of the July 2021 rioting plus the ongoing increase in frequency and severity of protest losses?
Results
| Yes, I am shocked and so will my clients be shocked (28.07%) |
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| No, it was expected (71.93%) |
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Ran from 11 Jan 2022 to 18 Jan 2022
2020/21 FAIS Ombud Annual Report: Which trend do you believe financial advisers/ product providers should address to avoid a flood of complaints in 2022?
Results
| Investments made into cryptocurrencies (13.95%) |
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| The sales process to ensure that consumers are provided with concise details of any special terms, exclusions, or instances in which cover will not be provided (11.63%) |
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| Processes and procedures of product providers - to assist policyholders in remaining appropriately insured (2.33%) |
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| Making recommendations - clients should receive advice that is appropriate to them (4.65%) |
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| Using risk analysis against complainants - there is still a significant reliance on the generic risk profiling questionnaire (2.33%) |
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| All of the above (65.12%) |
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Ran from 08 Dec 2021 to 10 Jan 2022
Do you agree that offshore returns outweigh the ‘returns plus tax concession’ on SA retirement funds?
Results
Ran from 16 Nov 2021 to 07 Dec 2021
The second draft amendments to Regulation 28 will allow retirement funds to allocate up to 45% of their assets to SA infrastructure, with a further 10% for rest of Africa; but the equity & offshore caps remain unchanged. What are your thoughts on the proposal?
Results
| Infrastructure? You mean cash returns with higher risk!?! (18.33%) |
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| Infrastructure cap is way too high (18.33%) |
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| Offshore limit still needs to be raised (46.67%) |
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| Who cares… Reg 28 does not apply to discretionary savings (16.67%) |
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