Two-pot system: The role of financial advisers
South Africans are struggling to save for retirement, prompting a shift to a two-pot system for retirement funds starting 1 September 2024. This system splits contributions into a savings pot and a retirement pot, with financial advisers playing a crucial role to secure their long-term financial well-being.
June 2024 Economic Review
June arrived with surprises from an interest rate cutting perspective. The European Central Bank (ECB) became the second major central bank to cut rates after the Bank of Canada (BoC). The Swiss National Bank (SNB) cut rates for the second consecutive time in June while sentiment over monetary policy easing remains mixed among major economies.
AI and your practice: friend or foe?
AI enhances business operations and client interactions, ensuring more face-to-face time with clients and better service delivery. It’s crucial to integrate AI thoughtfully, addressing ethical, legal, and practical considerations while maintaining the essential human touch in financial advising.
Monthly Market Highlights – June 2024
In SA, real Gross Domestic Product (GDP) contracted marginally by 0.1% in Q1 2024, while the UK economy stalled in April due to wet weather. UK GDP was flat in April compared to the previous month, a slowdown from 0.4% in March.