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Editor’s Thoughts.
Editor’sI had dinner the other night with a friend, her 81 year old mom and her 17 year old son – three generations around the table. Conversation turned to finance and money. Not surprisingly, the financial goals of each of the 3 generations were very different. What was the same regardless of age, however, was the lack of financial skills and knowledge needed for confident decision making.
When asking for when a living annuity payment would be received after the passing of her husband, my friend’s mom received a long winded response from her financial advisor about the compliance requirements in transferring this annuity into her name and how deeply committed they were to compliance in their efforts to get South Africa off the grey list. Wait! What?
In recent meetings with some of the country’s leading financial advisors, I’ve realised that this story is not unusual. The need for financial literacy and education is urgent. Yes, I know the Q3 GDP numbers came our earlier this week (Citadel’s article) and the Employment Equity Amendment Act comes into effect on 1 January (Bowmans). But my Top Picks for today are the articles from Momentum on how much that holiday will really cost you depending on where you fund it from, and PSG’s views on where to best invest that year-end bonus.
Top Picks.
EBnet Stream: Fees and value in retirement fund investments
Jason Becker, Head Client Services, Sasfin Financial Advisory Services
EBnet Stream: Timing is everything
Mark MacSymon CFP®, Wealth Manager at Private Client Holdings
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Most Recent Reads.
A two-pot holiday is more expensive than a credit card getaway
Therèse Havenga, Head of Business Transformation at Momentum Savings I usually sleep too late when it comes to booking a holiday. I’m so task-oriented at work that holiday times seem...
Spend your bonus wisely: make it work for you
Thomas Berry, Head of Sales at PSG Wealth As we approach the festive season, many professionals are eagerly anticipating their annual bonuses – a well-deserved reward for a year of...
South Africa’s economic growth is a hard reminder of the issues we face
Maarten Ackerman, Chief Economist at Citadel Investment Services South Africa's weak economic growth of -0.3% for the third quarter of 2024 (quarter on quarter annualised) shows that...
1 January 2025 proclaimed as the effective date of the Employment Equity Amendment Act 4 of 2022
Melissa Cogger, Partner, Bowmans The long-awaited effective date of the amendments to the Employment Equity Act, 1998 (EEA) has been proclaimed by President Ramaphosa. The effective...
Old Mutual leverages expertise into a total benefits solution for clients
Lindiwe Sebesho, Managing Director, Remchannel
Blessing Utete, Managing Executive , Old Mutual Corporate Consultants
Fees and value in retirement fund investments
Sasfin Financial Advisory Services
Jason Becker, Head Client Services
Timing is everything
Private Client Holdings
Mark MacSymon, CFP®, Wealth Manager
Transformation in the investments industry
Prowess Investment Managers
Kelebogile Moloko, Founder and Chief Investment Officer
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