
Collective investment schemes post strongest quarterly inflows in years
Despite a turbulent first quarter marked by political discord and trade-tariff shocks, CIS managers attracted R48bn in net inflows – the highest quarterly figure since 2020.
Despite a turbulent first quarter marked by political discord and trade-tariff shocks, CIS managers attracted R48bn in net inflows – the highest quarterly figure since 2020.
With Joint Standard 2 on cybersecurity coming into force on 1 June, the Prudential Authority emphasises the need for financial institutions to bolster resilience, share intelligence, and prepare for inevitable cyberattacks.
Sales of recurring-premium savings policies continued to improve, while lapses of risk policies declined.
A decade after the introduction of hedge fund regulations, retail investors are driving strong growth, with RHFs attracting R11.84 billion in net inflows in 2024.
ASISA warns that reclassifying collective investment scheme portfolios as profit-making schemes will undermine years of established investment policy.
Reinvested income and strong interest-bearing portfolio performance led to net inflows of R85.82 billion in 2024.
The new SA Multi Asset SA High Equity category is expected to gain traction over time, despite slower uptake in the early stages.
Challenges remain with the representation of black people in executive director roles, ASISA’s latest transformation report shows.
Assets under management grew to a R3.8 trillion, up 13.7% year-on-year, supported by strong equity market performance.
The marginal decrease in the average drawdown rate is noteworthy because it occurred in an environment of rising living costs, says ASISA.
The proposal is for hedge funds to be subject to a different tax regime, potentially removing the ‘revenue versus capital distinction’ that causes tax uncertainty.
The industry lost at least R175.9 million last year but prevented losses of R1.5 billion through enhanced detection efforts, says ASISA.
Bidvest Life’s Nic Smit suggests shifting from the traditional approach of leading with death coverage to focusing on income protection when engaging younger clients.
The higher offshore investment limit necessitated a review of the standard.
Among other things, the revised Amendment Bill will clarify how funds should calculate seeding when provident fund members choose to join the system.
Funds made different calls on the conditions for the exclusion of provident preservation fund members and the seeding date for members who opt in.
ASISA advises consumers to take a holistic view of their finances and avoid hasty decisions that could leave them unprotected.
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