Pension industry taken to task by regulator

pensionfile

Many pension funds claim they conform to the Treating Customers Fairly (TCF) principle despite giving customers a raw deal, says Pension Funds Adjudicator Muvhango Lukhaimane in a review of the industry. (more…)

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FSB to look into JSE programming error

On 24 July 2016 the JSE Limited advised the market that incorrect data was reported for the trading of equities by non-residents for the period 31 May to 20 July 2016. It was reported that due to a programming error affecting the manner in which statistical data is extracted from the core transactional systems, the […]

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cars

Currency weakness driving vehicle prices up

TransUnion’s Vehicle Pricing Index for the second quarter of 2016 also reveals drop in new vehicle financing deals which are at their lowest since May 2009. (more…)

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pensionfile

Pensions show ‘remarkable resilience’ in a weaker economy

Pensions in South Africa are increasing at faster rates than take-home salaries, according to the latest BankservAfrica Disposable Salary Index-BankservAfrica Pension Payment Index (BDSI-BPPI) report for June 2016. (more…)

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Nedinvest

Nedgroup Investments launches new Global Property Fund

Nedgroup Investments is excited to announce the launch of the Nedgroup Investments Global Property Fund, with Resolution Capital as the appointed Sub-Investment Manager. Resolution Capital is a specialist investment manager based in Sydney, with primary expertise in managing global listed real estate mandates. Their disciplined investment process emphasises a global sectoral perspective and focuses on […]

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Avoid the cold shoulder from your insurer

We are in the thick of winter and recent national warnings of extreme cold weather are a chilly reality to us all. The Western Cape and Kwazulu-Natal are experiencing heavy flooding, while in the Free State and Eastern Cape, snow is piling up. (more…)

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Anica Ungerer - Manager of Estates at Mazars - LR(1)

Four common pitfalls to avoid when drafting a will

Your Will is the only valid and legally enforceable instruction left behind to express the wishes and estate division guidelines of a deceased. To ensure that the remaining family members and beneficiaries are not left in a perilous situation and that the wishes of the deceased are honoured, it is essential to avoid common pitfalls […]

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Nic(1)

What will wealth management look like in the future?

Nic Andrew, Head of Nedgroup Investments describes three megatrends which could have significant impact on the wealth management industry over the next decade, namely: demographics, technology and consumerism. (more…)

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Life after ‘Brexit’

Global stock markets plunged after the result of the UK’s ‘Brexit’ referendum, but not that long after, bounced back.  That said, there is still a lot of concern around the UK leaving the European Union – especially for the longer term. (more…)

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Pravin Gordhan

Treasury likely to revise growth forecast lower: Gordhan

South Africa’s National Treasury is likely to forecast lower growth in its October Medium Term Budget Policy Statement, the Minister of Finance, Pravin Gordhan said today.  He was speaking on the sidelines of the Nedgroup Investment Summit in Sandton. (more…)

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Incorrect calculation of non-resident statistics: JSE

​ The JSE said yesterday that it had come to the bourse’s attention that due to a programming error affecting the manner in which it extracts statistical data from its core transactional systems, the non-resident (foreign trading) statistics for the Equity Market for the period 31 May to 20 July 2016, were incorrectly calculated. The programming error […]

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