Meeting Krisen Rabindra, National Sales Manager at Standard Bank Financial Consulting

  • Q: How did you get involved in financial services - was it always something you wanted to do?
  • A: My entry into Financial Services was quite by default as my initial passion was to be an Engineer. I completed my matric with a ‘B’ Aggregate many years ago and due to no financial planning, I was unable to afford to attend University. It was thereafter that one of my first opportunities through Standard Bank opened up where my passion for helping people also developed. The sense of personal fulfilment when you help someone achieve their financial goals is what drives me.

  • Q: Financial advice has undergone many changes in the past ten years and we now have the RDR proposals - How different is financial advice in SA today from five/ten years ago?
  • A: We currently operate in a more regulated environment compared to the past. This I feel has elevated the industry to the profession it is today. You need to be a “qualified advisor” to give advice and this naturally translates to quality advice in helping customers achieve their goals. There are many people who have not received advice, and RDR will create more transparency around charges and the levels of service offered to clients.

  • Q: What makes a good financial adviser?
  • A: I would define a good adviser as a person who: achieves the required qualifications, has the ability to listen and articulate the client’s needs, regularly engages with his/her clients and monitors progress against goal, keeps himself/herself updated with the latest information by being well read, and it ultimately needs to be someone that the client feels comfortable with.

  • Q: Do you watch daily economic and financial news - how do we make sense of all the news flow we have?
  • A: It is important to keep yourself updated and I try to catch up on information at least once a week.

Read more

SONA or Budget from the armchair?

I’d take a safe(ish) bet that a lot more people know about SONA this year and what it stands for than in previous years. SONA – is the state of the nation address – and this year it happens on 12th February at 7pm. If you are in Cape Town I believe it involves some […]

Read more

Be alert to smash and grab

Following a noted increase in the number of smash and grab incidents Alexander Forbes Insurance (AFI) cautions South Africans to be vigilant at all times and to report any suspicious activity to the South African Police Services on 10111. Smash and grab incidents can happen anywhere at any time, but are most likely to occur […]

Read full story
greek electionf

Historic Greek election signals tense discussions with Europe

By Tristan Hanson, Head of Asset Allocation at Ashburton Investments On a momentous night, the radical left-wing party, Syriza, swept to a stunning victory in Sunday’s Greek elections. Vowing to leave behind “five years of humiliation and anguish”, the victory for Alexis Tsipras and his party marks the first decisive shift in power to a […]

Read full story

RDR corner

RDR has already generated much discussion since its publication at the end of last year. We will be publishing various comments and opinions on RDR in the coming months  – below are some papers Masthead has prepared as we ready ourselves for the new legislation Product supplier responsibility Remuneration for financial planning Remuneration for customer […]

Read full story

FIA warns against knee-jerk reactions to ‘work in progress’ legislation

The Retail Distribution Review (RDR) discussion paper published by the Financial Services Board (FSB) on 7 November 2014 proposes far-reaching reforms to the regulatory framework for distributing retail financial products to local consumers. The proposed changes set out to address poor consumer outcomes by redefining critical concepts in the intermediated distribution space as well as […]

Read full story

A guide to retirement products – choose the best for you

In the past, planning for the ‘golden years’ was a simple exercise; people who worked for large companies were given a defined benefit pension on retirement, meaning they received a substantial percentage of their working salaries during their retirement years. It was a privilege to belong to these pension funds and it was affordable because […]

Read full story

Tone of MPC key to rate expectations

By Nazmeera Moola, economist and strategist, Investec Asset Management Ahead of the South African Reserve Bank’s (SARB) first monetary policy committee (MPC) meeting of the year, the debate is unlikely to focus on a change in interest rates. The big conundrum for the committee is rather going to be the tone they take in this […]

Read full story

Investors urged to act on ‘double edged sword’ strong dollar environment

Investors must factor-in the impact of the new era of a stronger dollar into their investment strategies, affirms a leading global analyst at one of the world’s largest independent financial advisory organisations. The comments from Tom Elliott, International Investment Strategist at deVere Group, which has $10bn under advice, follow a generally sustained dollar surge throughout […]

Read full story

Start saving early for your child’s future

At the start of every new year, we feel the strings on our purses being pulled by the rising cost of our children’s education expenses. And with education inflation surpassing general inflation of 5.8% and rising to 10% this year, the future won’t get easier. The long-term solution? Start saving today for your children’s education. […]

Read full story

Protecting your property in stormy weather

Recent media reports have warned Johannesburg residents to be on standby for flooding as a result of the current thunderstorms. Alexander Forbes Insurance MD, Gari Dombo, offers a number of tips to minimise damage to your vehicle and household during these weather conditions. 1. Vehicles Make sure that your headlights, tail lights, brake lights, indicators […]

Read full story

15 investment tips for 2015

By Duggan Matthews, Investment Professional, Marriott Asset Management. 1. Invest for income and let the capital take care of itself. The value of a business is based on the income or earnings it can generate. Only through increasing its income can the value of a business increase, a maxim well known by those running their […]

Read full story