PPS, Yes or No?

I think PPS is good for insurance but for investments I would advise a dedicated investment house.
 
Very interesting conversation going on here.

Just remember that Allan Gray and Coronation are well established asset managers who charge well in excess of 1.5% on most of their funds - we are talking about R 300 bn+ assets under management. Most of PPS' inflows goes into 3rd party fund managers' funds. So in effect they make on average 0.57% on the R 18 bn assets under management vs Coronation and Allan Gray at 1.5%...

Imagine what PPS Investments' profit-share would look like of they sat with 300bn at 1.5% average management fees...

The bottom line is Allan Gray and Coronation generate larger profits for shareholders from clients' money. PPS makes a lot less and then share that with their clients...
 
As with any insurance, it's hard to truly assess their value until you need to actually use it. Has anyone actually had to use their PPS benefits?

1. If you’ve used the incapacity benefit: Are you being paid a monthly income as per the cover taken, and will this continue until retirement?
2. If you’ve retired and had your profit share account vest: Was the payout in line with your expectations/projections?
 
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