10X Investments

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    Have living annuities failed…or has FAIS?

    November 15th, 2012 by 10X InvestmentsNo Comments

    Introduction National Treasury’s retirement’s road map revealed an unexpected turn with the release of Technical Discussion Paper B “Enabling a better income in retirement” in September 2012. The paper paints a grim picture of unscrupulous brokers who lure their clients into treacherous post-retirement products where they are subjected to complex choices, high fees and – […]

    Investment performance report for April 2012

    April 30th, 2012 by 10X InvestmentsNo Comments

    Investment Performance Report April 2012

    Hands off our retirement savings, Mr Patel!

    March 28th, 2012 by 10X InvestmentsNo Comments

    A recent discussion paper issued by the Department of Economic Development recommended that South African retirement funds should help finance the country’s infrastructure development. To this end, the State should “regulate a substantial part of retirement funds to be invested in…development finance institution financial instruments.” This flies in the face of Regulation 28, which barely a year ago, stated unequivocally that the State “does not prescribe what assets a fund should be invested in as this would counter the principles guiding a fund to act in its best interests.” Its subsequent public commentary suggests that the Department also has a poor understanding of retirement investing principles. Does this mean the Department is ignorant on these matters, or just unprincipled?

    The impact of financial markets’ “new normal”

    Posted in Media, Print, Uncategorized