A family office is a private wealth management advisory company that serves ultra high net worth individuals. They offer a total solution to managing the financial and investment needs of an affluent individual or family. In recent years, family offices have...
The ANC's 2024 Election Manifesto yet again raised the concept of prescribed assets whereby retirement funds will be obligated to invest in government approved investments. Similar comments were made in its 2019 election manifesto and has been a recurring...
“Join us as we move forward, 'Better Together,' towards a future filled with promise, progress, and prosperity for all.”The Institute of Retirement Funds Africa (IRFA) has introduced its new brand identity, centred around the tagline "Better Together." IRFA...
The Office of the Pension Funds Adjudicator (OPFA) is inter alia subject to the functions of both the Financial Services Tribunal (FST) and the Ombud Council. These bodies have been established with the adoption of the twin peaks model of regulation in South...
Recently, I had the privilege of chairing the Financial Planning Standards Board's (FPSB) global Chief Executive Committee meetings, where representatives from various regions shared updates about the financial services industry within their territories....
Alexforbes, South Africa's leading investments multi-manager, has announced its entrance into the R500 billion Discretionary Fund Management (DFM) market with the launch of 'Investment Solutions by Alexforbes'. Dawie de Villiers, CEO of Alexforbes, stated,...
I write this article in January 2024, the new year has arrived and we look forward to a year filled with major events, both in South Africa and abroad. National elections are scheduled to be held this year, which will inevitably have an impact on pensions and...
The recent announcement that Parliament’s standing committee on finance has declined to extend the implementation date of the two-pot retirement system to 2025 has been met with consternation by many in the industry. With reactions ranging from condemnation of the new...
The average person spends around 90 000 hours of their life working. That’s just over 10 years or 3 750 days or, in other words, a third of their lifetime. For many South Africans, retirement is far out of reach. Of the 5.2 million South Africans aged 60 and...
Not too long ago, most people were forced to work remotely from home. Even in 2022, a vast majority of organisations worldwide had introduced a remote working policy or were considering implementing one as a long term strategy. Fast forward to 2023. The need for...