Sygnia retirement annuity vs allan gray retirement annuity

[BTTB]

You misunderstood me. You said Reg 28 is a good thing because it brings diversification. I disagree because it concentrates your investments in South Africa which is a tiny spec in the global context.

There is no such thing as a Global 1200 RA in South Africa. What I meant is that I wish they'd do away with reg 28 and allow me to use something like ASHGEQ as an RA.

TL;DR: reg 28 is a handicap (for the most part)



Reg 28 has nothing to do with regards to whether or not an RA is managed by professionals or not. It is simply a bunch of rules telling you only 30% of your investmentd may go offshore, 5% or something must be cash/bonds, who can use it when etc.

You can build your own RA from a selection of funds you choose and "manage" yourself and still be reg 28 compliant. Just ask @supersunbird

Thanks for clearing up your point Hamster.

There is the trick of buying dual listed shares who make their earnings outside of South Africa over and above the 30% offshore requirement. Billiton, Richemont, Anheuser-Busch etc.

Also the tax savings on RAs.

 

[Hamster]

Thanks for clearing up your point Hamster.

There is the trick of buying dual listed shares who make their earnings outside of South Africa over and above the 30% offshore requirement. Billition, Richemont, Anherser-Busch etc.

Also the tax savings on RAs.

BHP and CRF is no replacement for Amazon, Netflix, Boeing, Alibaba etc.

 

[supersunbird]

For people who don't want involvement on a day to day basis in their retirement annuity, an RA that is Section 28 compliant managed by professionals, takes away that stress from you the investor. It might be paltry returns initially but over time it is still savings which you would not have had and something you or your creditors cannot touch.

All RAs must be Regulation 28 compliant anyway, at least when your provider moans that it must be lol, have had that once, due to currency fluctuations I was over the foreign limit of then 25% for a long time, currently almost on 35% foreign equity due to currency fluctuations.

I think you meant to say they must use a Balanced Fund unit trust (which is Regulation 28 compliant) to be used as the unit trust in the RA, whether it is actively managed or an index unit trust. If you are in a Balanced Fund unit trust RA you won't have the provider asking you to rebalance the RA to be Regulation 28 compliant as I have had.

Reg 28 has nothing to do with regards to whether or not an RA is managed by professionals or not. It is simply a bunch of rules telling you only 30% of your investmentd may go offshore, 5% or something must be cash/bonds, who can use it when etc.

You can build your own RA from a selection of funds you choose and "manage" yourself and still be reg 28 compliant. Just ask @supersunbird

Thanks for the mention.

Under the updated Reg 28: up to 30% can be in foreign assets, up to 75% in equity assets, up to 25% in property assets and up to 10% in Africa (excl SA) assets, 100% can be in bonds and cash.

So one can have 30% foreign equity and 45% local equity and be at the 75% equity limit. Then 15% to 20% in property, and 10% to 5% in bonds/cash for example, if building your own RA from various unit trusts.

 

[surface]

Definitely not Sygnia. A lot of rumours going around that some shady $#:+ goes on behind the scenes. Can't be trusted.

Do you still have same opinion today? Please share facts if you can. Lekker thread revival from the dead.

 

[backstreetboy]

Do you still have same opinion today? Please share facts if you can. Lekker thread revival from the dead.

Lol dude was rightfully banned perhaps his clone account will answer.

 

[surface]

Lol dude was rightfully banned perhaps his clone account will answer.

oh. I didn't realize it. Thanks.

 

[d0b33]

Do you still have same opinion today? Please share facts if you can. Lekker thread revival from the dead.

No idea what the OP's views are or what he is referring to but reviews on hellopeter don't look good.

Review Companies Online | Customer Service & Company Ratings | hellopeter.com

www.hellopeter.com

But there are many that say it's good so I don't know. Although, her recent anti-lockdown stance made me feel uneasy.

 

[backstreetboy]

No idea what the OP's views are or what he is referring to but reviews on hellopeter don't look good.

Review Companies Online | Customer Service & Company Ratings | hellopeter.com

www.hellopeter.com

But there are many that say it's good so I don't know. Although, her recent anti-lockdown stance made me feel uneasy.

They have a joint CEO now https://www.businesslive.co.za/bd/c...03-sygnia-appoints-david-hufton-as-joint-ceo/

Investment manager Sygnia has appointed David Hufton as joint CEO, a role he will share with founder Magda Wierzycka.

 

[surface]

No idea what the OP's views are or what he is referring to but reviews on hellopeter don't look good.

Problem is that people don't usually go to hellopeter if there is compliment, only when there is complaint. You can pick up any provider on hellopeter and then we will hardly use anything based on that feedback.

So, to be taken with a pinch of salt - in my opinion.

 

[krycor]

Passive vs Active.. always an interesting debate in emerging economy.

 

[surface]

Definitely not Sygnia. A lot of rumours going around that some shady $#:+ goes on behind the scenes. Can't be trusted.

How do you feel about Sygnia after 3 years?

 

[backstreetboy]

How do you feel about Sygnia after 3 years?

He hasn't posted in a year. Covid probably got him.