RA options for doing a section 14

zerocool2009

zerocool2009

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I am considering doing a section 14 with an existing RA.

I started by asking a few firms for fee structures to see how they work etc.

The firms I approached so far are ....

Allan Grey
PSG
Stanlib
Satrix

Most firms doesn't allow you to do a section 14 and add a debit order to that lump sum. Stanlib and Allan Grey works like that. Lump sums and DO's are totally split up.

My motto are to choose my own regulation 28 funds. Satrix on the other hand allow RA's, but you invest in pre-selected baskets (which is Satrix funds).

Any other firms you guys think I should contact to get a quote ?
 
I don't have a RA yet but considering discovery. Usually I wouldn't but they would top up my contributions by 15% for a certain amount of years. They will also allow you to convert ur miles into ur fund at a x2 rate depending on ur status. I guess the downside Is their fees.
 
I think it may be a rule that doesn't allow you to add to them once they're transferred so it may be more legislation, rather than the fund manager being difficult.

I transferred an RA from Liberty to AG and they wouldn't let me add to it. This is totally counter intuitive as they should be promoting saving.
 
I really want to move my RA from Stanlib to 10x :(

So too the unit trusts (Sygnus or 10x maybe).

I just want to get Liberty (and Stanlib by association) out of my life :(
 
Hamster said:
I really want to move my RA from Stanlib to 10x :(

So too the unit trusts (Sygnus or 10x maybe).

I just want to get Liberty (and Stanlib by association) out of my life :(
Click to expand...

Update on this. I asked 10x for a quote, filled in some paperwork and they requested a section 14 quote from Stanlib.

Basically:

10x will cost me roughly 1% pa
Stanlib (including advisor) costs me 2.5% pa
Stanlib/advisor will charge 0 penalty fees if a move

So, time will tell what I do but for now I'm leaving it at Stanlib.
 
Tman* said:
Did you get a quote from 10x?

Im considering to move my RA from Sanlam to 10x due to crazy fees
Click to expand...

Yes, I got quotes from stanlib, 10x, sygnia, allan grey, psg to name a few.

I moved my lump sum to Allan Grey and started a new RA with Sygnia.

The issue with 10x is, you invest in predefined buckets, the same with Sygnia actually.

Did some reading up on 10x, and their fees aint that cheap. Google them a bit and see how a few people complained.
 
Hamster said:
Update on this. I asked 10x for a quote, filled in some paperwork and they requested a section 14 quote from Stanlib.

Basically:

10x will cost me roughly 1% pa
Stanlib (including advisor) costs me 2.5% pa
Stanlib/advisor will charge 0 penalty fees if a move

So, time will tell what I do but for now I'm leaving it at Stanlib.
Click to expand...

Stanlib aint bad. I had to choose between Allan Grey and Stanlib for my lump sum move.

Stanlib couldnt get my details updated in a month (such a simple instruction), and I though lets move it to AG rather for now
 
zerocool2009 said:
Yes, I got quotes from stanlib, 10x, sygnia, allan grey, psg to name a few.

I moved my lump sum to Allan Grey and started a new RA with Sygnia.

The issue with 10x is, you invest in predefined buckets, the same with Sygnia actually.

Did some reading up on 10x, and their fees aint that cheap. Google them a bit and see how a few people complained.
Click to expand...

Indeed, because it's index funds and not managed funds.

My 10X seems cheap enough. Total Investment Cost is on the high equity fund is 1%...
 
Eti1 said:
Whats your reasoning for choosing 10X over Sygnia?
Click to expand...

Work fund :crylaugh:

But still, if I had to choose between 10X and a Sygnia Skeleton 70, I'd still take 10X.

Their SA equity component is a Top 60 index, with a 6% reweighting cap, which I like, vs the traditional Top 40 market cap. So even Naspers is only 7.7% of the SA equity (and thus 3.535% of the total fund), and not over 20% like in a Top 40. A bit underweight in property for my liking, as is Sygnia.

https://www.10x.co.za/assets/downloads/Retirement Fund Investment Report May 2017.pdf

Sygnia also does manage the asset allocation in their fund (they might actively change the % of fund that is in the property index for example) from what I've read.

If I were to build my own RA fund I'd probably use Sygnia cause they have all those various Unit Trust Index Funds that I could construct the RA with, resulting in the following 50% SA equity, 25% foreign equity, 20% property fund and 5% bond fund.
 
Eti1 said:
Whats your reasoning for choosing 10X over Sygnia?
Click to expand...

I can tell you that I never consider Sygnia (I make use of Stanlib and 10x myself) because their site is 1) confusing to me and 2) seems like a lot of paperwork to get everything done.

So basically, 10x seems more slick :)
 
supersunbird said:
Work fund :crylaugh:

But still, if I had to choose between 10X and a Sygnia Skeleton 70, I'd still take 10X.

Their SA equity component is a Top 60 index, with a 6% reweighting cap, which I like, vs the traditional Top 40 market cap. So even Naspers is only 7.7% of the SA equity (and thus 3.535% of the total fund), and not over 20% like in a Top 40. A bit underweight in property for my liking, as is Sygnia.

https://www.10x.co.za/assets/downloads/Retirement Fund Investment Report May 2017.pdf

Sygnia also does manage the asset allocation in their fund (they might actively change the % of fund that is in the property index for example) from what I've read.

If I were to build my own RA fund I'd probably use Sygnia cause they have all those various Unit Trust Index Funds that I could construct the RA with, resulting in the following 50% SA equity, 25% foreign equity, 20% property fund and 5% bond fund.
Click to expand...
Fair enough. So how much property exposure *do* you want? And why doesn't a standard passive balanced fund provide enough
 
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