The Adviser Barometer, based on the responses of nearly 600 financial advisers on the Allan Gray platform, sheds light on what’s driving fee structures, technology investments and client-engagement strategies in South Africa’s advice industry.
Alexforbes’ latest annual Manager Watch Survey also shows the trend of increasing allocations to multi-managers.
Carla Rossouw, head of tax at Allan Gray, discusses what investors need to know about retirement fund products and the looming end-of-tax year deadline on 28 February.
Allan Gray argued that Nedbank’s ‘Time is more valuable than money’ campaign infringed upon its intellectual property.
Avoiding the tax hit is one of the reasons retirement fund members should have an emergency fund.
Long-standing winners such as Western National and Santam retained their titles, while iTOO re-emerged as the Underwriting Manager of the Year.
The type of fund to which a member belongs may improve or undermine the preservation of retirement fund assets, says Allan Gray.
Allan Gray advises against reactive investing, noting that equities, despite their risks, have historically been the best-performing asset class.
But a co-manager of the Equity Fund believes the domestic exchange offers compelling investment opportunities.
You can break tax residency via the SARS tax emigration process or annually via the application of a double taxation agreement.
Whether the objectives as set out in the Budget are achievable will be determined by the government’s political will to anchor expenditure and put resources to better use.
All stakeholders emphasise the need to finalise the amendments to the Income Tax Act and the Pension Funds Act.
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