Online insurance company connects with younger generation

Reaching millennials has turned into one of the insurance industry’s biggest challenges, says Peter Castleden, CEO of Indie, a division started by Sanlam Life Insurance in 2016.

This is because about 90% of the industry’s business model is built on a single-channel service, via intermediaries, he says.

“Intermediaries generally only connect with clients within a ten-year range of their own age group. The problem here is that the average age of financial brokers, for various reasons, has been increasing for quite some time now, resulting in fewer players with which younger generations can connect.”

Proceed to Source : Fin24

Continue reading

How much money South Africans put towards retirement vs how much is enough

South Africans are not prepared for retirement, with several studies and surveys showing that we need to save more – and start sooner – if we want to maintain a decent standard of living in our later years.

BusinessTech has run two polls looking at how South Africans are preparing for retirement – specifically focusing on the age that people start saving for retirement and how much of their monthly salary they put away.

The results of both polls, which drew a combined 10,000 responses, echoed several research documents which have shown that South Africans are severely under-prepared for their golden years.

Proceed to Source : BusinessTech

Continue reading

Sygnia overtakes Satrix as second largest ETF player

The JSE’s number of exchange-traded funds (ETFs) has grown by 12 so far in 2018, taking the total to 74.

Sygnia has overtaken Sanlam — which owns the Satrix range of ETFs — as the second largest player in the local exchange-traded product market, and is rapidly gaining on Absa’s lead, etfSA.co.za MD Mike Brown said in an industry update e-mailed on Wednesday.

The number of exchange-traded notes (ETNs) trading on the JSE has remained constant at 20 this year. Exchange-traded products is an umbrella term for ETFs and ETNs. The two differ in that ETFs have to own the underlying commodities, share portfolios or whatever they represent, whereas ETNs do not.

Proceed to Source : BusinessLive

Continue reading

Sanlam Investments slashes reporting time with PPM tool, PPO

Sanlam Investments, one of SA’s largest investment management companies, is using Project Portfolio Office’s (PPO) simple to use, cost-effective project portfolio management (PPM) tool for improved reporting and greater collaboration across the organisation.

Sanlam Investments offers a range of local and offshore investment products to end-investors, financial planners and institutions, including passively and actively managed unit trusts, hedge funds and segregated and pooled retirement funds.

Proceed to Source : ITWEB

Continue reading

10 tips to beat July’s price hikes – and help you save more than a R1000 a month

The petrol price broke the R16 per litre mark this month.

Combined with the fact that the rand is now 8.6% weaker against the dollar since the beginning of June, and a number of rates increases, it’s understandable that your wallet will likely feel a lot lighter at the end of the month.

While there’s usually no such thing as a quick fiscal fix, there are some smart financial ‘hacks’ that may just make a huge difference, says Madri Jacobs, a senior financial planner at Sanlam.

Below Jacobs outlined some of the tips she often shares with clients to immediately start turning their financial situations around.

Proceed to Source : BusinessTech

Continue reading

The balanced solution that’s far from passive

By Kingsley Williams, CIO of Satrix

As investors we’re all looking for the same thing: a certain outcome and a smooth ride to that destination. On top of that, we also want maximum returns with minimum risk. Sounds impossible? Over the short term perhaps. But over the medium to long term it’s not that far-fetched. The key remains: sufficient equity exposure; diversification; low fees and low correlation between funds in a multi-managed solution.

Proceed to Source : Sanlam Investments

Continue reading

Investing for generations to come:

The 2018 i3 Summit sketches a future-fit financial world

‘A future to thrive in’ was the theme of the 2018 i3 Summit, hosted by Sanlam Investments and Glacier by Sanlam.

Spier Wine Farm hosted the Cape Town event on 22 May, while the Johannesburg event took place at the Sandton Convention Centre on 24 May 2018. In total, more than 600 delegates attended the events.

The agenda featured an exciting line-up of esteemed political figures and several investment specialists at the pinnacle of their careers, such as Minister Pravin Gordhan, former Greek Minister of Finance Yanis Varoufakis, political analyst Aubrey Matshiqi, fund manager Delphine Govender, blockchain advisory board member Monica Singer and AI specialist David Itzkovits.

Proceed to Source : Sanlam Investments

Ten Ways to Save Tax with a Retirement Annuity

By DJ Thomson, 14 February 2018

RA’s are the main savings vehicle for self-employed persons to accumulate funds for retirement in a tax-efficient way. They are also popular as a top-up plan for salaried employees (which includes directors of companies and members of CC’s) who belong to pension or provident funds, to close the income gap at retirement. Smaller employers often choose RA’s for their staff over traditional pension schemes, thereby avoiding the administration and responsibility involved in operating the latter schemes1.

Most people know that contributions to an RA are tax-deductible up to a certain maximum, but few people realise that an RA may actually provide them with an opportunity to save tax in 10 different ways.

Proceed to Source : Sanlam

Continue reading