Tag - financial advice

Sleepwalking to retirement

National Treasury recently released its latest paper on retirement reform entitled "Retirement reform: lowering charges and improving market conduct" in which it makes recommendations for default retirement options which will provide a reasonable retirement solution to those individuals who don't want to be actively engaged in their retirement...

High fees, poor disclosure plaguing SA investment industry

The recently published Morningstar Global Fund Investor Experience 2015 study, which analyses 25 countries that offer investment funds, highlights high fees, poor disclosure levels and advisers’ lack of fiduciary duty as some of the key issues plaguing South Africa’s investment industry. Overall, South Africa was awarded a C and remains below its...

The death of the independent adviser

Despite assurances to the contrary, the recommendations contained in the Retail Distribution Review (RDR) released by the Financial Services Board will make it more challenging for a financial adviser to operate as an independent. As the recommendations stand, many so-called independent practitioners may need to rebrand themselves as multi-tied...

Don’t let your financial adviser bully you

By Kagisho Mahura, investment and retirement planning specialist at Gradidge-Mahura Investments. I had a discussion with a client a few months ago that has sensitised me to the power dynamics that exists between financial advisers and clients. The client was a senior manager in a mining company, and had been informed that he would be receiving a...