Simplify the financial planning universe
There are currently in excess of 1,000 FSCA registered Unit Trust funds available in the market. At the same time the JSE’s main board consists of approximately 450 listed companies. The significant number of options available pose a risk to investors who do not have adequate time or research material at their disposal in order to make an informed investment decision. Furthermore, once a decision has been made, the monitoring of the investment takes up further time.
From a costs perspective, the advent of TCF (Treating Customers Fairly) and RDR (Retail Distribution Review) has brought about significant, regulatory driven changes to unitised investment as well as insurance cost structures which, to the lay investor, may be difficult to grasp and/or capitalise upon. Add to this the various tax incentivised insurance as well as investment products available in the market, the financial services environment can be a daunting place for even seasoned businessmen and women to enter into.