The FIA Intermediary Experience Awards is the most prestigious and well-known annual recognition event in the South Africa financial services industry for more than 20 years. The Awards recognises product providers (insurers) for the products, solutions and services they offer to the end-consumer through our member intermediaries or financial advisers.
This year's winners are: Sanlam won long-term insurer of the year (risk). The non-life insurance awards were split by sector. Santam won for personal lines; Western National for commercial; and Hollard for corporate. Allan Gray won two awards for investment products: lump sum and savings. Discovery Health won for healthcare Momentum Corporate for employee benefits. We congratulate these product providers for winning this prestigious award. We as Daberistic have had long-term relationship with these product providers, and we will continue to offer the best insurance and investment solutions to our clients.
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2022 has witnessed the worst stock market and bond market performances globally in the last 40 years. While we advise clients to be patient and not withdraw or change their investment portfolios (at the wrong time), as we expect the market to recover in the next 12 to 18 months, we also understand you as investors are looking for alternative investment options that provide high, secure returns. In this article we highlight 3 options.
1. Fedgroup Secured Investment Fedgroup Secured Investment (Participation Bond) has been around for over 30 years. It is a five-year investment, giving investors a fixed interest rate return over the five-year period. Currently it has a special offer, giving investors 12.6% p.a. compounded return over 5 years. If an investor invests R1,000,000. he would get R1,611,335 (capital and interest) back at the end of five years, after our advisor fees. The interest income may be subject to tax, based on your tax position. If your marginal tax rate is 35%, then your after-tax return is 8.19%. If your marginal tax rate is 45%, then your after-tax return is 6.93%. 2. Guaranteed growth investment This type of investment is offered by life insurance companies using an endowment product structure. You make a lump sum investment, at the end of five years you get the maturity value back, tax free. Life insurance companies use their tax planning to offer this investment product. For a R1,000,000 investment, currently the life insurance companies offer the following after-tax yields: Discovery - R1,398,439, 6.94% Liberty - R1,380,442, 6.66% Momentum - R1,403,175, 7.01% Old Mutual Wealth - R1,402,337, 6.90% These yields are subject to change weekly. Please contact us to obtain the latest best rates. Guaranteed growth investment is especially attractive to high-income, conservative investors looking for guaranteed returns after tax. 3. RSA Retail Savings Bonds RSA Retail Savings Bonds is offered by the South Africa National Treasury, you lend money to the government and receive interest every 6 months. It offers 2, 3 and 5-year fixed rates as follows: 2 Year Fixed Rate 9.50% 3 Year Fixed Rate 9.75% 5 Year Fixed Rate 11.50% Minimum investment is R1,000. You can invest up to R5,000,000 in RSA Retail Savings Bonds. Persons over the age of 60 can receive their interest payments monthly. For more information on RSA Retail Savings Bonds, visit official website https://www.rsaretailbonds.gov.za/home.aspx. If you would like to speak to an advisor about investment options, email service@daberistic.com with your details. |
AuthorKevin Yeh Archives
January 2025
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