17

August

Prince Charming isn’t coming. This was the evocative title of a 2007 book by American journalist Barbara Stanny. An appeal for women to become money smart, the book argued that the fairy-tale ending had traditionally meant not only romance, but financial security. If this was ever a reliable strategy, it certainly isn’t one today.

15

August

Recently, one of our partners in our practice was explaining to me how a client of his had been chastising him about recent poor portfolio performance. After listening to the client carefully, it became apparent that portfolio performance was simply an outlet for his frustration and that the client was actually facing a myriad of personal issues not just relating to matters of wealth.

05

August

The world is slowly waking up from a decade of excesses fuelled by easy money and low interest rates. The pending unwind is bound to be both protracted and painful. Despite the challenging investment environment ahead, we believe we are in the process of seeing some great investment prospects unfolding for patient long-term investors.

05

August

To grow one’s capital in the years ahead, investors will have to look through the noise and adopt a long-term perspective. In this article our fund managers share how the abundance of opportunities we identify as part of our 3M process informs our fund positioning.

05

August

The unwinding of market distortions of this magnitude will have a dramatic impact on future market returns. However, there will be beneficiaries of this process and we believe differentiated managers in particular are well-positioned to exploit them. We see clear opportunity for multi-year gains from some of the areas we highlight in this edition.

05

August

Our research has highlighted a high degree of concentration in fund positioning, even as it becomes clear that continuing to favour strategies that have worked in the past is likely to come at the expense of future portfolio growth. Given the environment we see ahead, we believe differentiated managers bring important benefits as part of a diversified portfolio.

05

August

In this edition, we passionately position our case in favour of differentiated investment management and share insights into how these views are reflected in the portfolios. Despite the challenging investment environment ahead, we believe we are in the process of seeing some great investment prospects unfolding for patient long-term investors. In the first article, Fund Manager Shaun le Roux argues the unwinding of distortions will have a dramatic impact on fund returns in the year ahead. Nonetheless, there are some appealing prospects for differentiated thinkers. Fund Manager Philipp Wörz and CIO Greg Hopkins highlight the concentration we have seen in fund positioning, and offer compelling arguments why differentiated managers bring benefits as part of a diversified portfolio. Lastly, Fund Managers Philipp Wörz and Shaun le Roux unpack how the abundance of opportunities we see are incorporated into our portfolios.

05

August

During the midst of the most recent pandemic, central banks and governments around the world tried to create a supportive environment for macroeconomic activity amidst the challenges faced.

03

August

Please enjoy the read.

03

August

Please enjoy the read, there is a new one for you, every month!

01

August

Most South Africans know and understand the benefits of investing into retirement products to reduce their income tax liability. Once you decide to retire there are a number of products that allow you to withdraw an income for life and we investigate a few of these products below.

26

July

Net ʼn paar jaar gelede was klimaatsverandering nog ʼn kwessie wat ver in die toekoms gelê het, maar ʼn merkbare toename in natuurrampe en weerverwante katastrofes dui daarop dat dit nader aan ons deur kan wees as wat ons besef.

26

July

Just a few years ago, climate change was a far-off reality, but a marked increase in natural disasters and weather-related catastrophes points to the reality that it may be closer to home than we realise.

22

July

In the previous edition of the Wealth Wisdom series, Kobie Kritzinger discussed the importance of having a Financial Adviser. Most of us dream about a future where we can retire without any financial concerns. Unfortunately, the reality often turns out to be different from what we imagined.

22

July

As PSG Wealth Menlyn, we take great care to get a deep understanding of our clients. As an office, we have compiled the Wealth Wisdom series to empower you to manage your wealth better and to plan effectively for your financial future.

19

July

Whilst it’s good to have someone on your team (your financial adviser) who knows what's happening in the markets, it’s not always helpful to relay all that information to you and have you make decisions about it. We can’t control the markets, but we can control our conversations about money.

19

July

Over the last two decades, we’ve been introduced, seduced and held captive by the overwhelming presence of digital communication. From the days when we promised ourselves we would ‘never get emails on our Blackberry’ to an age where we can DM, post, comment, react, share, support, subscribe, pin, tweet, self-publish, sync, stream, webcast, update, upload and download practically anything and everything.

14

July

Risk and Retirement, Wealth and Health Insights gathered by PSG Wealth R21 Employee Benefits

12

July

Journalism is a tough profession by anyone’s standards and is also facing multiple challenges in our digital and connected world.

12

July

Congratulations to Jacques and Minette du Preez on the newest addition to their family, Iné du Preez. Building healthy financial habits in a family is a good way to leave a legacy for your loved ones throughout your lifelong journey. Read our latest newsletter which unpacks the topic of how to raise financially empowered children.

11

July

07

July

Oor die afgelope paar maande, en spesifiek sedert die begin van 2022, het beleggers ʼn beduidende afswaai in die mark ervaar, wat maande en jare (laasgenoemde veral in die Amerikaanse mark) van kapitaalgroei uitgewis het.

07

July

Over the last couple of months, and specifically from the beginning of 2022, investors experienced a considerable downswing in the market wiping out months and years (the latter especially referring to the US market) of capital growth.

07

July

We often hear that South Africans are not saving and investing enough. A rather concerning statistic emerging in recent years is that only 6% of South Africans will be able to maintain their standard of living after retirement. To minimise the risk of insufficient savings in retirement, the rule of thumb is to save at least 15% of your salary during your working years. This is clearly a daunting task. In this article, I provide a few tips and offer some guidance on how you can re-focus your savings and investments.

07

July

July is Savings Month, so in this edition of The Wealth Perspective, I look at how shares can be used to boost your investment plan. Local and global markets continue to experience significant volatility, and these market fluctuations can cause both seasoned and novice investors to worry and question why they are in the market the first place.

07

July

Are human resources (HR) managers doing enough for their staff? Perhaps this is an unfair question, but it is important to unpack expectations and understand the reasons why staff may feel neglected.

07

July

Estate planning is a crucial building block for your savings and investment journey – perhaps even the most important one. Your life is fluid and will change, and so will your needs and goals, so your financial plans must be flexible enough to be adapted to achieve your goals – even if they change. But once you have passed on, there is nothing you can do to change your plans.

07

July

07

July

There is so much uncertainty in the world today – from the two-year-long fight against the pandemic and consumers’ battle against war-induced fuel hikes, to investors trying to interpret global recession concerns or South Africans’ struggle with Eskom. Considering these, you may well think the safest place for your money is in a shoebox under the bed. However, no matter how volatile markets get, the shoebox is never an option – in fact, we have six easy-to-follow tips on investing and saving during turbulent times.

07

July

In this edition of The Wealth Perspective, Chief Investment Officer Adriaan Pask shares six investments tips to implement in a market such as this. Head of Sales, Nirdev Desai, argues that now’s as good a time as any to start your savings and investment journey. Head of Securities Wendy Myers believes that markets are ripe with opportunities for trading and Head of Technical Support Mariska Comins challenges HR managers to play a more active role. Jan van der Merwe, Head of Actuarial and Product, discusses the different investment products one can take up to suit your different individual needs and Mariska Comins rounds off the edition by unpacking how estate planning is a crucial part of your investments portfolio.

04

July

What is South African Reserve Bank’s stance on crypto currencies? Who regulates crypto currency trading and when will we have a clear regulatory regime for the use of crypto currencies in South Africa?

01

July

Last week I had the privilege of attending two prestigious global investment conferences, hosted by Nedgroup Investments and Ninety One, in London.

01

July

Just over 20 years ago, the Gateway Centre/Mall was the closest thing to a mall in Hermanus. There was no Woolworths or Checkers.

29

June

There are many reasons why we try to do everything ourselves, from satisfying our need to be in control to trying to save costs, or simply “wanting the job done right”, all of us find ourselves doing too much when we forget, or haven’t learned to delegate.

29

June

Most people don’t enjoy financial planning. It’s a practice filled with stigmas of confusing concepts, complicated products, and expensive choices. But the fact is that none of us can live without it costing us money. Even if we simply want to go for a walk, we need to buy the time to do that.

24

June

Vandag se jeug leef in 'n heel ander wêreld, met sy eie unieke risiko’s, wat nou ʼn heel ander benadering tot versekering verg.

24

June

The youth of today live in a very different world, with its own unique risks, which now require a very different approach to insurance. The emergence of new trends in wearable technology and the rapid acceleration of digitalisation have heralded an entirely new array of insurable risks – particularly amongst the South African youth, who are the main drivers of the digital and technology movements in the country. Given the dynamic nature of the risk landscape, parents should view educating their young adult children about insurance and how it works as an important life skill.

22

June

Global equity markets have been in reverse since the start of the year. It is not one specific event, but a convergence of various factors that are currently contributing to the weaker markets. Opinions on what we can expect from the markets in the coming months, are the most diverse I have ever seen in years.

22

June

South Africa’s youth unemployment rate is in excess of 66% and urgently needs to be addressed.

17

June

My father is the reason I pursued a career as a financial adviser. Not because I was following in his footsteps, but rather because I followed his advice. He is a successful entrepreneur and business owner with no degree and little educational background.

15

June

Identifying, understanding, and minimizing risk is essential to any well-planned financial portfolio. It is essential to be prepared for unexpected events to achieve peace of mind over your finances. History has always shown us that economic uncertainty is vastly unpredictable. Therefore, we need to know what to do to protect ourselves and our portfolio from different forms of uncertainty.

14

June

There is a growing desire for financial literacy topics to be included in school curriculums. Unfortunately, many members of the younger generations have received little guidance on financial matters and we often hear about young adults that finish school or university who don’t understand the basics about financial discipline and investing.

14

June

Education is recognised as being so important to the future of our youth, that it is also enshrined as a right in the constitution.

14

June

Risk and Retirement, Wealth and Health Insights gathered by PSG Wealth R21 Employee Benefits

10

June

Millions of South African retirees are likely to run out of money before they run out of time. If you are approaching retirement, it is important to determine the amount of money you will need to make ends meet. You will also need to estimate what your expenses will be once you stop working.

08

June

Catch up on our videos and webinars right here, we hope you find them educational and helpful.

06

June

Fraudsters are devising ever more devious schemes to de-fraud even the most careful and suspicious amongst us. Being vigilant is more important now than ever before! Technology has introduced greater variety and convenience into our lives, but it has also created new opportunities for cyber criminals to try to induce us to part with our money or information.

06

June

Running a successful business takes financial investment and time and is by no means easy. In many cases a family’s financial resources are fully invested in the business, coupling their financial health to the health of the business. Business strategy is easy, implementation is hard and complex and bears many risks.

03

June

We believe in the value of quality financial education of the South African youth. As financial advisers, we are passionate about enhancing the financial literacy of the youth of South Africa with knowledge and skills. Financial education has significant long-term benefits for these individuals and society at large.

01

June

Diversification is not just an approach to adopt during market volatility; it’s generally good practice. And, if you want to create a portfolio that mitigates risk and beats inflation, diversification offers one of the best ways to increase your portfolio growth and amplify your savings.

31

May

It often surprises me where I draw inspiration from. For this thought piece, it happens to have come from my 13-year-old daughter Caitlin who was practicing for a school English speech and whose speech has the same title as the subject line. Her speech begins as follows: ‘Brave is defined as “having the strength to face danger, fear or difficulty; showing courage”.

27

May

Catch up on our videos and webinars right here, we hope you find them educational and helpful.

27

May

Listen to our audio recordings right here, we hope you find them educational and helpful.

27

May

We also need to realize that financial freedom has a different meaning to most people. To some, it may be paying off their car and home loans, while to others it may mean being able to buy Twitter for $44 billion.

25

May

If you have spent some time with a toddler, you probably know that they can often become very attached to a specific object. Whether it is a favourite soft toy or blanket, small children can often derive a sense of security from this familiar and well-loved object. Woe betides any parent if said object goes missing (or needs to be washed)! In many respects, markets can behave like toddlers too. The previous time when the US Federal Reserve (the Fed) decided to taper its quantitative easing (QE) policy in 2013, the market responded by throwing a ‘taper tantrum’. In the end, the panic proved to be short-lived, but the deeply emotional response to the ‘loss’ of stimulus the system had come to take for granted, was every bit as intense as the best effort any two-year-old could put forward.

23

May

Na berig word, het tot 70% van Suid-Afrikaanse motoriste nie motorversekering nie, wat op sigself ’n onrusbarende statistiek is. Daar is egter nog ’n risiko-aspek wat oorweeg moet word, en dit raak die 30% van motoriste wat wél teen ongelukke en skade verseker is. Die risiko bestaan dat versekerde persone nie ’n duidelike begrip het van wat hul polisse dek nie.

23

May

It has been reported that up to 70% of South African motorists do not have car insurance, which is an alarming statistic in and of itself. There is, however, another dimension of risk that needs to be considered, which concerns the 30% of motorists who are insured against accidents and damage. This risk involves insured individuals who do not have a full and clear understanding of what their policies cover.

11

May

Risk and Retirement, Wealth and Health Insights gathered by PSG Wealth R21 Employee Benefits

10

May

In this article, Shaun considers how the prevailing views have influenced portfolio positioning for most managers. He argues that global positioning reflects strongly entrenched perceptions around riskiness and expected returns from various asset classes. In our view, the future is likely to look very different to the recent past, and investors who have fallen into the trap of extrapolating the experience of the past decade into the future, should consider amending their portfolios to reflect a material change in future sources of risk and return.

10

May

Our differentiated perspective allows us to look beyond the prevailing narratives. In the past, we have elaborated on how market narratives often become an unquestioned underpin for investors’ choices. The antidote, we have long argued, lies in independent thinking, thorough research, and open and honest debate. Sounds simple, doesn’t it? The challenge, however, is that narratives can become entrenched and normalised to such an extent that it can be very difficult to stand against ‘common wisdom’.

10

May

As bottom-up investors we steer clear of macro forecasts. However, stock pickers risk short-changing their investors if they do not take cognisance of the environment within which companies are operating.

10

May

In the final article of this edition, we unpack how our differentiated views have been implemented in our portfolios, and how we believe this positions us to deliver future growth. They argue that our 3M investment philosophy leads us to hunt for underappreciated quality at a favourable price, and that the current market environment is offering an above-average number of opportunities, many of which are unlikely to be found in more mainstream portfolios.

10

May

This article explores some of the currently widely held beliefs and weighs the arguments in favour of a contrary view. We believe there is compelling evidence that the low growth, low interest rate environment following the Global Financial Crisis (GFC) was an anomaly, rather than the new normal. The implications for portfolio constructors are profound.

22

April

The African bush is one of my favourite places on earth. The sunsets, the sights, the sounds, the tranquillity, and the honesty. I have spent many hours of true bliss here and envision the world through the lens of my camera. A picture tells ten thousand stories and I can re-live each moment as often as I want.

21

April

Die uitbreek van die Covid-19-pandemie in 2020 het ʼn rimpeleffek op ʼn wye verskeidenheid industrieë gehad. Een van die industrieë wat die ergste geraak is, is die geleentheidsbedryf – veral geleenthede wat op persoonlike deelname staatmaak. Die kansellasie van ʼn geleentheid het ʼn verreikende impak op aspekte soos die posisionering van die geleentheid, handelsmerk-reputasie, en verhoudinge met klante en belanghebbendes. Heel moontlik die grootste impak vir die geleentheid, is die finansiële risiko wat kansellasie inhou. Een manier om die moontlik vernietigende uitwerking van skielike kansellasie te versag, is om seker te maak dat jy genoeg aanspreeklikheidsdekking vir die geleentheid het.

21

April

The onset of the Covid-19 pandemic in 2020 had a ripple effect across a broad range of industries. Among the most affected industries was the events industry – particularly events that relied on face-to-face participation. The cancellation of an event has a far-reaching impact on aspects such as event positioning, brand reputation, and customer and stakeholder relations. Arguably, the biggest impact for the event host involves financial risk. One way of mitigating the potentially devastating effect of sudden cancellation is to ensure that you have adequate event liability insurance.

12

April

Risk and Retirement, Wealth and Health Insights gathered by PSG Wealth R21 Employee Benefits

11

April

Most of us are very cautious to believe all the stories that we hear on the 1st of April. It is not called April Fool’s day for no reason. Similar to these fibs shared on this special day, investors are faced with many facts which are not true. The only difference is that this false information can cause great financial distress. I have been in the financial services industry for 15 years and believe me, I have heard several incorrect statements about investing and financial products, that I strongly believe needs to be addressed.

11

April

When it comes to managing and securing your financial future, you should consider putting all your eggs in one basket. It pays to have a single point of contact for all your financial needs - instead of dealing with multiple service providers. We're happy to answer all your questions and have a team of in-house experts to assist you.

08

April

The default response for investors during times of upheaval and uncertainty is to flee to safe-haven assets. These usually include cash, gold and developed market (G7) bonds, but investors’ response is typically also accompanied by a switch to quality shares in their equity portfolios as the ‘defensive’ strategy. With the ongoing war in the Ukraine, levels of uncertainty remain high and the range of future outcomes wide. This time, we believe the default path to safety could be dangerous to investors’ long-term wealth. Global bonds look like a particularly poor store of value in today’s climate of negative real yields and pressure on central banks to normalise interest rates. However, we view gold as an attractive portfolio holding and our clients own gold stocks. We also take a different view on which part of the equity market is more likely to preserve and grow capital in the years ahead.

07

April

Listen to our audio recordings right here, we hope you find them educational and helpful.

05

April

Listen to our audio recordings right here, we hope you find them educational and helpful.

31

March

Estate planning involves structuring and managing your assets while you are alive, and putting measures in place to ensure your wishes are carried out after you pass away. It also ensures that there are no unexpected surprises your family will have to deal with. Although it is often perceived as the final stage of financial planning, it should instead be seen as a continuous process of managing your assets and liabilities throughout your lifetime. As detailed in this article, your estate plan can be used to achieve various financial goals.

31

March

Searching for photos of mountain climbers (not the exercise), you’ll more often than not find images of happy, jolly people on the summit, or with the abyss behind them. You rarely see the whole journey, which can make it seem as if reaching the top is only for a select few. Just like conquering a mountain, you’ll find that financial freedom is within your reach with a few simple yet disciplined steps.

31

March

In this edition of The Wealth Perspective, Chief Investment Officer Adriaan Pask explains that while achieving financial freedom is a process, it is an achievable goal if approached correctly. Head of Sales Nirdev Desai expands on this further by providing context on the disciplines required to achieve these objectives. Head of Securities Wendy Myers looks at the role of securities in realising these goals, and Head of Technical Support Mariska Comins unpacks how to create a legacy of financial freedom for your beneficiaries. Jan van der Merwe, Head of Actuarial and Product, investigates how different products are suited to different individuals on this journey, and Mariska Comins rounds off the edition by detailing the need for a holistic view on the path to financial freedom.

31

March

When one goes to a GP for what is perceived as a minor ailment, a quick fix is most often the preferred (and expected) remedy that will allow one to get back to normal daily routines. In a similar way, clients often engage the services of an adviser for a quick fix to their financial wellbeing. However, the symptoms displayed by one’s body are sometimes indicative of larger issues that need to be addressed and, in such cases, more serious adjustments may be required to ensure one’s health improves. Such adjustments must be approached with dedication and commitment to ensure that the symptoms and the underlying causes are addressed. It is no different with financial planning.

31

March

The term ‘financial freedom’ rolls off the tongue quite easily, but it is not necessarily as easy to define or to achieve in practice. Achieving and maintaining financial freedom is a process and an ongoing journey of discipline, for which there are unfortunately no shortcuts. That said, you are not alone in understanding and getting the right products to support you on this journey. This article explores the key areas to understand in order to achieve financial freedom. This includes making the right choices with regard to planning, products and investments, all of which must be underpinned by a disciplined approach.

31

March

We try very hard to teach children that there are consequences to their actions, and that for every action, there is a reaction. But how often do we listen to our own advice?

31

March

What does financial freedom mean to you? This is a deeply personal question, but an important one to be answered. Attaining financial freedom requires discipline and conscious effort, so understanding what is driving you will help keep you on track to achieve your goal. Without this clarity, we are at the mercy of our whims. Once you know what it means to you, then it is time to understand how to accomplish it.

25

March

Die oorlog tussen Rusland en die Oekraïne hou reeds langer aan as wat die meeste mense gedink het dit sal en ons moet die onnodige sterftes, pyn, lyding en verwoesting wat daarmee saamgaan, betreur en ten sterkste veroordeel. Soos iemand onlangs opgemerk het: “Oorloë bring nie blywende vrede nie, slegs blywende dood”. Putin het ook gedink dat die oorlog slegs ’n paar dae sou duur en dat Rusland redelik vinnig ’n volslae oorwinning oor die Oekraïne sou behaal, maar met President Volodymyr Zelensky as hul leier, het die Oekraïners merkwaardige teenstand gebied.

25

March

The war between Russia and Ukraine has already lasted longer than many would have thought, and we can only bemoan the unnecessary deaths, pain, suffering and destruction that come with it. As someone recently said, “Wars don't bring lasting peace, only lasting death”. Putin also thought the war was going to be over in a few days’ time with a clean sweep of Ukraine, but under the leadership of President Volodymyr Zelensky, they have shown remarkable resistance.

22

March

Die wêreld van motorversekering kan verwarrend wees vir eerstekeer-motorkopers, want daar is reeds so baie om te oorweeg wanneer dit kom by die keuse van die regte motor en transaksie. Versekering gee uiteindelik vir jou ʼn veiligheidsnet wat jou terugplaas in dieselfde finansiële posisie as wat jy was voordat ʼn insident gebeur het. Vir baie kan hierdie veiligheidsnet die wêreld se verskil maak wanneer die onverwagte gebeur.

22

March

The world of car insurance can be confusing to navigate for first-time car buyers, as there is already so much to consider when selecting the right car and deal. Ultimately, insurance provides a safety net that returns you to the same financial position you were in before an incident occurred. For many, this safety net could make the world of difference when the unexpected happens.

17

March

What options do young professionals have for equity exposure, and where should they start?

11

March

“Monetary authorities will need to carefully monitor the pass-through of rising international prices to domestic inflation, to calibrate appropriate responses. Fiscal policy will need to support the most vulnerable households, to help offset rising living costs. This crisis will create complex policy tradeoffs, further complicating the policy landscape as the world economy recovers from the pandemic crisis.”

10

March

Risk and Retirement, Wealth and Health Insights gathered by PSG Wealth R21 Employee Benefits.

10

March

Waarskynlik die belangrikste faktor om vanjaar, en die volgende paar jaar, dop te hou, is inflasie – gevolg deur stygende rentekoerse. In 2021 het ons ʼn skielike en skerp styging in inflasie gesien, as gevolg van die herstel van ekonomiese aktiwiteit wêreldwyd, en bottelnekke in die internasionale verskaffingsketting.

10

March

Probably the most important factor to watch out for this year, and the next couple of years, is inflation – followed by rising interest rates. During 2021, we saw a sudden and sharp surge in inflation resulting from the restoration of global economic activity, and bottle necks in the global supply chain.

08

March

So many factors exacerbate international security and economic concerns. The potential for further military escalation is real. Daniel explains where we are now with the disruption and the future of the geopolitical landscape.

08

March

Listen to our audio recordings right here, we hope you find them educational and helpful.

07

March

’n Storie wat ek onlangs raakgeloop het, The Very Hungry Caterpillar deur Eric Carle, is ’n klassieke kinderverhaal oor ’n klein ruspe wat honger gebore word. Hy eet alles wat hy teëkom en kry dan natuurlik maagpyn. Mettertyd word hy redelik groot en gryp hy na 'n gesonde groen blaar. Daarna bou hy 'n kokon om homself - en kom uiteindelik as 'n pragtige skoenlapper na vore.

07

March

As a parent, I am continuously on the lookout for quality reading material for my young daughter.

07

March

Even before the Covid-19 pandemic, a chronically high unemployment rate was arguably one of South Africa’s biggest challenges. Now that the pandemic seems to normalising, what is path forward for job creation in South Africa?

07

March

How is MTN preparing for the future of mobile telecommunications, and where is the company heading next? How far are we from 5G – and what are the opportunities?

07

March

Michael is a respected economist focusing on economics, public policy and politics in South Africa. How does a basic income grant fit into the country’s economic future?

02

March

FAQ relating to PSG Konsult

25

February

The period from early December to the end of April has become known as the ‘fire season’ in the Western Cape, and with strong winds and high temperatures of up to 40 degrees Celsius, it’s no wonder. In the City of Cape Town alone, 34 Visible Infrared Imaging Radiometer Suite (VIIRS) fire alerts were reported in the last year, with a total of eight kilohectares of land being burnt – a high figure when compared to previous years. Cumulatively, this amounts to over R1 billion in property damages and other losses every year. For this reason, Western Cape residents should be on high alert and put safety measures in place to protect their property against the risk of fire.

25

February

Dit is belangrik om die finansiële risiko’s te verstaan waarvoor ’n onderneming te staan kan kom en om daardie risiko’s te identifiseer en toepaslike aksieplanne te implementeer ten einde die risiko’s te mitigeer. Een van die metodes wat ’n onderneming of maatskappy kan inspan, is sleutelpersoonversekering.

25

February

It is important to understand the financial risks facing a business, to identify those risks and to implement appropriate action plans to mitigate them. One of the methods a business/company can use is key person insurance.

25

February

Online dating scams and Ponzi investment schemes have a common theme: acting and exploiting the personal information provided to them and urging victims to act fast or else the exclusive opportunity will be missed.

24

February

Investors seeking sufficient income yields are having to digest the impact of the low interest rate environment and the need to take more risk to achieve a sufficient yield. We believe multi-asset income funds, like the PSG Diversified Income Fund, offer an all-round solution.

18

February

Die tydperk van vroeg Desember tot einde April staan bekend as die brandseisoen in die Wes-Kaap – ook geen wonder nie, as mens die sterk winde en hoë temperature van tot 40 grade Celsius in ag neem. In die Stad Kaapstad alleen is 34 sogenaamde VIIRS-brandwaarskuwings (Visible Infrared Imaging Radiometer Suite/Sigbare Infrarooi Beelding Radiometer Suite) die afgelope jaar aangemeld, met altesaam agt kilohektaar grond wat deur brande geteister is – ʼn hoë syfer in vergelyking met vorige jare. Kumulatief beloop dit elke jaar meer as R1 miljard aan eiendomskade en ander verliese. Om hierdie rede moet inwoners van die Wes-Kaap uiters waaksaam wees en seker maak dat hulle veiligheidsmaatreëls in plek het om hul eiendom teen brandrisiko te beskerm.

17

February

PSG Collective Investments (RF) Limited is running a ballot to propose to amend the investment policy of the PSG Equity Fund.

15

February

Risk and Retirement, Wealth and Health Insights gathered by PSG Wealth R21 Employee Benefits

10

February

The end of a calendar year inevitably brings with it these two things: a pause for reflection on the year that was and multiple predictions on what the next year will bring. *adapted from a blog post by Andy Hart written in 2017.

09

February

Wêreldmarkte het ‘n moeilike tyd ervaar met die afskop van 2022, met die S&P500- en Nasdaq-indekse wat vir die jaar, sedert 25 Januarie 2022, met onderskeidelik 8% en 13% gedaal het. Hierdie dalings is grootliks gedryf deur verwagtinge van hoër globale rentekoerse, sowel as geopolitieke risiko's tussen Rusland en die Oekraïne

09

February

22 is off to a rough start for global markets, with the S&P500 and Nasdaq indices having declined by 8% and 13% respectively year to date, as of 25 January 2022. These declines were largely driven by expectations of higher global interest rates, as well as geopolitical risks between Russia and Ukraine.

03

February

24

January

The first semester of tertiary education facilities across South Africa is fast approaching, and for parents who are financing further education for their children, there are many factors to consider. Apart from the cost of textbooks, stationery and the cost of tuition, there is an aspect that many parents may not take into account when planning their financial commitment – the short-term insurance for personal property and physical assets.

24

January

A globally integrated investment process – different by design. At PSG Asset Management, we have been investing in global equities since 2006. Our global process serves the offshore component of our local funds and our stand-alone global funds. Constructing a portfolio of one’s best ideas can be a challenging task, even in the relatively small local market such as the JSE, and even more so globally.

24

January

It is becoming increasingly apparent that there is something valuable hidden on the JSE. The last while has seen a notable surge in activity from private buyers signalling that they see opportunity in JSE-listed mid-cap companies. Private equity, industry players (particularly foreign companies) and even some management teams are taking listed companies off public markets. This zeal and optimism contrasts with the prevailing sentiment we are still observing on the JSE: many smaller, domestic-oriented companies trade below their reasonable fundamental value and pessimism and disinterest continue to prevail.

24

January

Fund managers need to approach the world differently from competitors to deliver outperformance in the highly competitive world of investing – they need to both think and act in a differentiated manner. Behavioural biases and business pressures make truly independent thinking and positioning in portfolios extremely rare.

24

January

Investors often resort to mental shortcuts and rules of thumb to speed up decision-making, and tend to extrapolate the recent environment into the future. This encourages a binary outlook (value vs growth, e-commerce vs bricks and mortar) and, as investors pile into what has worked in the past, markets can be driven to extremes. Taking a view that is different from the consensus outlook can be challenging and may seem foolhardy, especially if anomalous market behaviour persists longer than expected. However, this behaviour also creates opportunities for patient investors who are willing to look beyond such oversimplifications and question prevailing narratives. We would also argue that this approach is essential to assuring long-term outperformance.

24

January

In this edition, we debate why it is important that fund managers differentiate themselves, and then explore how our funds deliver on this imperative. In the first article, Fund Manager John Gilchrist outlines how our 3M philosophy empowers us to deliver long-term outperformance to our clients. Next, Fund Manager Justin Floor finds validation for our views in the recent flurry of interest in mid-cap companies on the JSE. Lastly, Fund Manager Philipp Wörz argues that despite the perception of global markets being expensive, opportunities remain for selective investors using a differentiated approach.

17

January

Arguably, awareness of environmental issues has never been higher. Extreme weather events and our sense of urgency are on the rise, and the UN Climate Change Conference COP 26 (Conference of the Parties, summit 26) in Glasgow resulted in a steady stream of headlines on this topic towards the end of last year.

13

January

The recent widespread rainfall in South Africa has been sheer bliss. We are surrounded by lush greenery and most dams are at capacity. The rain has certainly provided much relief and joy to many people, especially the drought-stricken areas of the Karoo and Northern Cape.

30

December

Die woorde van die plakkaat wat ontwerp is om die Britse publiek gerus te stel voor die Tweede Wêreldoorlog – Keep calm and carry on – kan net sowel ons mantra wees terwyl die vierde Covid-golf inbeweeg oor Kersfees.

30

December

The words of the poster that was created to reassure the British public ahead of the Second World War – Keep calm and carry on – may just as well be our mantra as the fourth Covid wave rolls in over Christmas.

10

December

Many parents often have the idea that saving for their children should be top of their priority list. They would rather sacrifice their own long-term savings goals, to give their children the gift of financial independence.

10

December

Travel restrictions to almost all countries are now the new norm and people are scrambling to change or postpone their holiday plans. It has been rather difficult to stay positive amidst current circumstances .

09

December

2021 has felt a little bit like ‘Groundhog Day’ - where a situation in which a series of unwelcome or tedious events appear to be recurring in exactly the same way. The past 20 months have taught us new ways to do business and interact with each other. There have been speed bumps, twists and turns, but we’ve HAD to adapt to keep the engines turning. We’ve learnt new skills and have had to repeat certain phrases again and again: “James? You’re on mute, are you there? We can’t hear you”. We have laughed and we have cried.

09

December

09

December

09

December

09

December

09

December

09

December

09

December

08

December

Op 3 Junie 2019 het ek en my vrou ons babadogtertjie verwelkom. Sy is skaars oud genoeg om te loop, maar haar werk (meestal eet en slaap) het nie baie verander nie. Eendag sal sy egter geld- en lewensadvies nodig hê. As ʼn pa wat ʼn groot deel van sy loopbaan daaraan gewy het om geld, finansiële gedrag en besigheid te bestudeer en daaroor te skryf, is dít wat ek vir haar sal vertel:

08

December

On 3 June 2019, my wife and I welcomed our daughter into the world. She’s barely old enough to walk, so her job (mostly eating and sleeping) hasn’t changed much. But, one day, she’ll need some money and life advice. As a father who has spent much of his career studying and writing about money, behavioral finance and business, this is what I’ll tell her:

07

December

It’s quite sobering to realise we are about to enter the third year of the Covid-19 pandemic. As we bid farewell to one year and look forward to the arrival of the next, it’s worth reflecting on some of the lessons we have learned from the pandemic.

07

December

Volgens Morningstar se jongste studie van Amerikaanse fondse, het markdeelnemers wat in effektetrust- en beursverhandelde fondse belê het verlede jaar laer fooie betaal en ongeveer VS$5.8 miljard aan totale fondsuitgawes bespaar.

07

December

In my loopbaan van meer as twee dekades het ek verskeie markkrisisse gesien. Hier is die belangrikste beleggingslesse wat ek geleer het:

07

December

In a career spanning more than two decades I have witnessed several market crises. These are the key investment lessons I have learnt:

07

December

Ondanks baie onsekerheid wat deur die voortslepende pandemie veroorsaak is, het die jaar redelik goed verloop vir die meeste aandelemarkte, beide internasionaal en plaaslik.

07

December

According to Morningstar’s latest study of US funds, market participants that are invested in mutual and exchange-traded funds (ETFs) paid less fees last year and saved approximately US$5.8 billion in overall fund expenses.

07

December

The year to date has turned out pretty good thus far, for most equity markets, both global and local, despite lots of uncertainty caused by the ongoing Covid-19 pandemic.

07

December

Dis moeilik om te glo, maar die laaste kwartaal van 2021 is om die draai – en ons het ʼn vakansie nodiger as ooit tevore! Met die einde van die jaar in sig, sien baie van ons uit na ʼn blaaskans, veral nadat Desember-planne verlede jaar in die wiele gery is. Om ʼn welverdiende wegbreek deeglik te benut, is vinnig besig om ʼn prioriteit te word op ons lysie.

07

December

With the end of the year in sight, many of us are looking forward to a break, especially after December plans were derailed last year. Making the most of a well-deserved break this summer is fast becoming a priority to-do list item.

07

December

Al hoe meer Suid-Afrikaners gebruik hul jaarlikse diskresionêre beleggingstoelae om in die buiteland te belê en bates in die buiteland aan te skaf. Die vraag wat ontstaan is, of mens ’n aparte testament nodig het vir hierdie bates.

07

December

More and more South Africans use their annual discretionary foreign investment allowances to invest offshore and to acquire assets in foreign countries. The question to be asked then, is whether one needs to have a separate Will for those assets.

07

December

Hoewel die afgelope jaar vol uitdagings was – inperkings, isolasie, leer om die verskillende aanlyn platforms te gebruik om te kommunikeer – lyk dit my die stelling “Jou mikrofoon is af” die bekendste woorde van 2021was.

07

December

Although the last year has posed many challenges – lockdowns, isolation, getting to know the various online platforms to communicate – “you are on mute” seems to be the most used words of 2021, and it all seems like a vague memory.

07

December

Ons is amper deur 2021, en een ding waaraan ons gewoond geraak het die afgelope jaar, is onsekerheid. Die afgelope twee jaar het die pandemie ons lewens en tyd oorheers.

07

December

With 2021 coming to a close, there is one thing we got used to this year, and that is uncertainty. In the past two years, the pandemic has dominated our time and lives.

06

December

Op die oppervlak en uit ʼn bestuursperspektief, kan dit lyk asof daar beperkte aktiwiteit is by PSG Wealth-oplossingsfondse.

06

December

On the surface, and from a management perspective, there may seem to be limited activity at PSG Wealth Solution Funds.

06

December

In September 2015 het AB InBev, in daardie stadium reeds die wêreld se grootste brouery, ʼn massiewe aanbod van VS$60 miljard vir SABMiller gemaak, wat toe reeds ʼn primêre notering op die Londense aandelebeurs gehad het.

06

December

In September 2015, AB InBev – already the world’s largest brewer at the time – made a massive US$60 billion offer for SABMiller, which had a primary listing on the London Stock Exchange.

03

December

Camping and caravanning getaways have seen an enormous spike in popularity among South Africans over the last two years. The Covid-19 pandemic, and the various levels of lockdown that came with it, seem to have driven locals out of the confinement of their four walls and into the great outdoors where there are fewer restrictions to navigate. According to Statistics South Africa, the caravan parks and camping sites accommodation category generated R73.3 million in income revenue from July to September this year, up from R29.8 million over the same period in 2020. But what’s more interesting is that this accommodation category – although its overall contribution to the sector remains small – is now exceeding its pre-pandemic levels and is the only category to do so, having generated an income revenue of R65.8 million over the same period in 2019.

01

December

We have probably witnessed one of the most extraordinary times in history with Covid-19 heavily impacting economies worldwide, and in turn stock markets and clients’ investments. Notwithstanding the sharp decline in equity prices early last year, we have seen a rapid (V-shaped) recovery in equity prices as company profits have returned to good levels

01

December

Ons beleef waarskynlik een van die uitsonderlikste tye in die geskiedenis terwyl Covid-19 ekonomieë wêreldwyd, en daarmee saam aandelemarkte en kliënte se beleggings, swaar getref het. Ondanks die skerp daling in aandeelpryse vroeg verlede jaar, het ons ʼn vinnige (V-vormige) herstel in aandeelpryse gesien namate maatskappywinste na goeie vlakke teruggekeer het.

26

November

28 years and counting since South Africa officially became a democracy – and yet our economic challenges seem to loom as large as ever.

23

November

Op 28 Oktober, het Facebook die naam van sy moedermaatskappy na Meta Platforms verander en daarmee begin met die konstruksie van sy eie weergawe van die meta-heelal, wat hopelik in 2023 onthul sal word. Facebook is nie die eerste maatskappy wat belangstel in die idee van die meta-heelal nie.

23

November

On 28 October, Facebook rebranded itself to Meta Platforms and began the construction of its own version of the metaverse, which it hopes to unveil as early as 2023.

19

November

The latest Association of Certified Fraud Examiners (ACFE) Report to the Nations estimates that, on average, organisations lose 5% of their revenue each year to employee fraud and theft. Typically, fraud schemes run for around 14 months before detection, and more than 43% of schemes were only detected following a tip from employees or other involved parties. This means that formal fraud detection measures and auditing were only successful in uncovering employee fraud and theft in a little over half of the reported cases.

11

November

Africa has become such an untapped market with so much potential for entrepreneurship. Big international companies like Amazon, SHEIN and Alibaba are becoming extremely popular in Africa as they cater for the Millennial and Gen Z market.

11

November

In the investment space, we are often confronted with different routes and different signs. Staying on the right route is key to achieving the right financial outcome.

05

November

2021 is showing signs that four decades of declining global interest rates and inflation are coming to an end. A major cycle inflection changes the game for fixed income investors. It will become more and more difficult to earn inflation-beating returns while sticking to the rules of the game, being low levels of risk. In this case, the obvious question fixed income investors should be asking themselves is whether their strategy and toolkit are appropriate for a future that will look very different from the past.

05

November

Conditions have changed substantially over the past 18 months, and we believe the weight of the evidence suggests that the market has probably reached an inflection point. In our view, the probability has shifted towards a more reflationary global backdrop, which the market is not yet pricing in. This is likely to have wide implications when considering asset classes that performed well over the last decade, and those that can be expected to deliver real returns at appropriate levels of risk over the next decade. Accordingly, fixed income investors need to review their strategy and explore the benefits of multi-asset income funds for generating real returns at low levels of risk.

05

November

Why is the bifurcation between long duration and short duration assets important now? Long duration assets have earned their high weightings in benchmarks and dominant positions in investor portfolios through many years of delivering good returns. However, after 40 years of declining interest rates and inflation, the world appears to be at a long-term inflection point. Anchoring on what has worked historically through big market inflection points, is immensely risky for investors. The ratings of long duration assets, as highlighted below, imply a continuation of the current cycle for many years into the future. Should that outlook be incorrect, very substantial capital losses may ensue.

05

November

We have been writing about the phenomenon of built-in extremes within the same system – in this case the market – for some time. The discerning investor seldom sees the market as one entity and realises that from time to time, bifurcations may occur. This fragmentation into quite distinct parts can occur slowly at first, initially creeping into the system almost unnoticed, but eventually manifesting itself in stark and undeniable ways. This offers both risk and tremendous opportunity.

05

November

The investment landscape has changed dramatically since the beginning of the Covid-19 pandemic. We believe markets have reached an inflection point, with deep consequences for how we construct portfolios going forward. In this edition, our panel of experts debate a range of issues centred around this topic. Long and short duration assets can be expected to yield very different outcomes than over the past 40 years, which will be problematic for investors and portfolio constructors who cling to what has worked in the past. This challenge is likely to be especially pronounced for fixed income investors, who will need to reconsider their investment toolkit to ensure they are well positioned to continue meeting their objectives.

04

November

Choosing a trusted and knowledgeable financial adviser is one of the most important investment decisions you can make.

02

November

Things always seem to be balanced on a knife’s edge. Hugo is Chief Economist at the BER, and well positioned to help us look ahead, into the future of South Africa’s economic landscape.

02

November

Remgro is a JSE-stalwart that invests in businesses that have the potential to deliver superior earnings, cash flow generation and dividend growth over the long term.

29

October

Sedert die uitbreek van die Covid-19-pandemie wat vir die eerste keer op 31 Desember 2019 in Wuhan, China gerapporteer is, het die pandemie wêreldwyd soos ʼn veldbrand versprei en miljoene mense is geraak deur die onverwagte afsterwe van ʼn geliefde.

29

October

Since the outbreak of the Covid-19 pandemic, which was first reported on 31 December 2019 in Wuhan, China, the pandemic has spread worldwide like wildfire, and millions of people have been affected by the unexpected death of a loved one.

26

October

Baie Suid-Afrikaanse beleggers het om verskeie redes die afgelope paar jaar besluit om groter persentasies van hul portefeuljes aan buitelandse beleggings toe te wys.

26

October

In recent years, many South African investors opted to allocate increasing percentages of their portfolios to offshore investments for various reasons.

26

October

By aligning your personal goals, ambitions and dreams with your financial goals, you take control of your financial wellness and by definition, your mental wellness.

25

October

The outbreak of Covid-19 in South Africa and the various levels of lockdown that came to characterise the ’new normal’, have had a profound effect on how South Africans socialise and occupy their spare time. Gradually, under lighter restrictions, people have started to head out, but social distancing still applies, and there is a pervading sense of wariness around meeting in large groups. Add to this the heightened awareness of health, well-being and the importance of achieving those ‘bucket list’ items, it should come as no surprise that many people have decided to embrace new sports and hobbies, particularly ones that involve the outdoors.

19

October

South African investors who rely on low-risk, interest-bearing investments have found themselves struggling in recent years.

19

October

Suid-Afrikaanse beleggers wat steun op lae-risiko, rentedraende beleggings het swaar getrek die afgelope jaar.

18

October

Giving up control is a daunting concept when it comes to investments. That is why it is so important to find a Financial Adviser that understands your fears and goals; someone that you can relate to and share your doubts with without feelings of guilt or disappointment.

11

October

11

October

11

October

11

October

11

October

11

October

08

October

08

October

Following September’s newsletter edition, “Hard lessons from Covid-19”, we received significant interest in the topics raised. In the coming months we will expand on some of these themes and provide relevant context to them in our current times.

06

October

Review relevant updates and enhancements that are to be expected for Medical Schemes in 2022.

06

October

05

October

We are mid-pandemic and we’re going to the polls! South African politics remain as contentious, eventful and challenging as ever. What is the future of the South African political landscape, and has the Covid-pandemic hurt or helped President Ramaphosa?

30

September

It is easy to forget how much the investment landscape has changed since the Covid-19 pandemic has made its presence felt. We have certainly seen (and continue to experience) extraordinary times. To understand how profoundly things have changed, it helps to consider what investors would have seen when looking back from 31 August each year over the past three years, for various reporting periods.

30

September

Dit gons behoorlik in die media en elders oor die Groenskrif rakende ’n Nasionale Fonds vir Maatskaplike Sekerheid (NFMS), wat onlangs deur die Minister van Maatskaplike Ontwikkeling, Lindiwe Sisulu, uitgereik is.

30

September

The media was set abuzz when Social Development Minister Lindiwe Zulu recently published a green paper on a National Social Security Fund (NSSF).

30

September

Die afsterwe van ‘n geliefde is baie traumaties en kan afhanklikes in ‘n emosionele en finansiële warboel plaas. Moenie die ongemaklike gesprekke oor jou nalatenskap uitstel nie.

30

September

Leaving a legacy is not a conversation that should be postponed. None of us enjoy talking about death, in fact, if we can avoid the conversation, we do it at all costs.

28

September

It’s hard to believe, but we are fast approaching the last quarter of 2021 – and goodness, we have never needed a vacation more! With the end of the year in sight, many of us are looking forward to a break, especially after December plans were derailed last year. Making the most of a well-deserved break this summer is fast becoming a priority to-do list item.

24

September

This past period of our lives have been difficult, but it is a time we have been reminded of very important lessons. We have taken our key learnings to continue to optimize our service offering and ensure that you are provided with financial advice that would enable you towards quality decision making.

21

September

The Solidarity Fund was created following the Covid-19 pandemic to help drive a consolidated response from the general public, civil society, public and the private sector. More than a year into the pandemic, we realise there are more challenges than ever facing Mzansi. What comes next for the Solidarity Fund?

21

September

The tourism and hospitality sector must be one of those most severely impacted by the ongoing Covid-19 pandemic. In this session we talk to Anthony about how Sun International has weathered the storm and the upcoming challenges facing the tourism and hospitality sector.

17

September

Careful estate planning is critical.

10

September

Read some interesting articles to guide you on your path to financial improvement

10

September

Read some interesting articles to guide you on your path to financial improvement

09

September

Suid-Afrika se hulpbronsektor, sowel as die ekonomie, is waarskynlik meer afhanklik van die grootskaalse implementering van die waterstof-ekonomie as wat ons mag dink.

09

September

South Africa's resource sector, along with its economy, may well be more dependent on the large-scale implementation of the hydrogen economy than we think.

31

August

Inflasie – meer spesifiek verbruikersprysinflasie – is ʼn maatstaf van die algemene verhoging in die pryse van ʼn mandjie goedere en dienste wat verteenwoordigend is van die lewenskoste oor spesifieke tydperke.

31

August

Inflation – more particularly consumer price inflation – is a measure of the general increase in the prices of a basket of goods and services representative of the cost of living over specific periods.

27

August

A client recently contacted our office to thank us for the “pensioner card” he received in the mail. He had just retired from a retirement annuity and taken out a living annuity.

25

August

Party besighede het die afgelope jaar nie baie groei ondervind nie, as gevolg van die voortgaande pandemie-verwante beperkings en kontant-arm verbruikers. ʼn Somber ekonomiese landskap bring dikwels mee dat maatskappye inisiatiewe aanpak om uitgawes te besnoei. Dít kan weer lei tot groter blootstelling aan risiko, wat die winslyn verder onder druk plaas. Besnoeiing van versekeringskoste moet versigtig benader word, en dit is juis hier waar finansiële adviseurs die meeste waarde kan toevoeg vir hul kliënte.

25

August

Some businesses have not seen much growth over the past year, due to ongoing pandemic-related restrictions and cash-strapped consumers. A subdued economic landscape often leads to cost-cutting initiatives within companies, which in turn can lead to increased exposure to risk, further threatening the bottom line. Cutting insurance costs is best approached with care, and this is exactly where financial advisers can add the most value to their clients.

25

August

Die voorgestelde Belastingwysigingswet wat die Minister van Finansies op 28 Julie 2021 in die Nasionale Vergadering bekendgestel het, het verreikende gevolge vir individue wat van plan is om te emigreer. Die beplande implementeringsdatum van die nuwe wetgewing is 1 Maart 2022.

25

August

The proposed Tax Amendment Act introduced by the Minister of Finance in the National Assembly on 28 July 2021 will have far-reaching consequences for those planning to emigrate. Implementation of the new legislation is proposed for 1 March 2022.

17

August

The series is a collection of dialogues with high-value speakers hosted by award-winning financial journalist Bruce Whitfield and top PSG executives. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.

06

August

While many investment managers are coming around to our long-held view on the potential of the local market, we are in a unique position to exploit opportunities around SA Inc. shares. Fund Managers Shaun le Roux and Justin Floor unpack our approach to ensuring broader exposure to SA Inc. shares.

06

August

In this article, we weigh up the investment case for commodities given current market conditions. Commodity companies are prone to boom-and bust cycles, and there is currently much debate around the sustainability of the current run-up in commodity prices. The team weighs in on how factors like decarbonisation, the environmental, social and governance (ESG) investing phenomenon and a renewed focus on capital discipline are impacting the commodity cycle.

06

August

Our panel of fund managers address some key issues around our macro views and how they feed into our portfolio construction process. Our CIO Greg Hopkins addresses the extreme market conditions and the perceived riskiness of our funds, Fund Manager Shaun le Roux explains why our cash holdings are low despite markets being at all-time highs, and Fund Manager Philipp Wörz delves into the global landscape and the resurgence of value as an investment style.

06

August

In this edition, we continue to look beyond the surface to find opportunities for our clients. Research and critical inquiry are part and parcel to our research process, and inform our differentiated positioning. We consider the macro views that form a backdrop to our fund positioning, unpack what ESG investing could mean for the current commodity run, and expand on our unique approach to the opportunities in the SA Inc. space.

06

August

Our value proposition to investors is to seek out great companies that are underappreciated by the market. We believe that if we buy such companies at a discount to their intrinsic value, they are likely to appreciate significantly in value in the long run. But markets, economies and companies are not static: conditions evolve on a daily basis, and what seems like a simple endeavour in theory, becomes a complex one in practice.

03

August

Click on the link and enter your details to watch this webinar till 17 September only...

03

August

Please enjoy the read, there is a new one for you, every week!

02

August

Watch our webinars right here, we hope you find them educational and helpful.

30

July

Many people are tempted to retire early with the view to enjoying life whilst they are still young.

30

July

Die randwisselkoers was oor die afgelope 12 tot 18 maande wisselvallig. Die rand het tot ’n vlak van R19.00 teenoor die Amerikaanse dollar verswak (April 2020) en daarna weer verstewig tot R14.30 teenoor die dollar – ’n merkwaardige herstel.

30

July

Over the past 12 to 18 months, the rand exchange rate has been volatile, with the rand trading as low as R19.00 to the US dollar (April 2020) and as high as R14.30 to the greenback – a remarkable recovery.

29

July

Kliënte vra my dikwels watter aandeel ek sou koop as ek net een aandeel vir die volgende 10 jaar kon kies. Dit bly maar ʼn moeilike vraag om te beantwoord, veral as gevolg van al die onsekerheid en wisselvalligheid in markte. Gelukkig het ek die afgelope tyd ʼn redelik eenvoudige antwoord vir kliënte gehad.

29

July

I'm often asked by my clients which stock I’d buy if I were to be restricted to just one for the next 10 years. It’s always a difficult question to answer, especially given the uncertainty and volatility prevalent in the markets. Fortunately, my answer to these clients has been fairly simple of late.

28

July

It’s not about saying that one economy is better than another; it’s about recognising that by investing in local property, a local business or the local stock market alone, you are highly vulnerable to local conditions.

27

July

SA’s electoral system was originally envisioned as a temporary system. Last year the Constitutional Court confirmed the need to transition to a new system that allows for independent candidates. #ThinkBigPSG

23

July

Please enjoy our newsletters.

22

July

Cutting the costs of insurance cover you might not claim for makes sense at face value, but when you park the frustration of having to make payments and realise you are effectively renting a safety net, or car cover (like a cape), it makes for a much clearer – and cheaper – journey. Vehicle insurance is a superhero – it acts as a partner on your road trips, stands by your side at home and looks after you when you pop to the shops. Purchasing a vehicle is a big decision and a car is among the costliest assets you can buy. Once the decision has been made, often with a payment plan in tow, a new car (or even a second-hand vehicle that is new to you) is a wonderful means of transportation, but also a target if not properly protected. The point of vehicle insurance is to protect against damage, third-party accidents, or if someone else is driving your car (depending on your cover). You get Comprehensive cover for full protection, Third-Party Liability and Fire and Theft cover and can add additional cover for accessories you have added to your vehicle, or car-hire in case of an accident. While value-added products do add to the price tag, they can be so much cheaper in the long run than having to hire your own car or making use of other services that are included or available within policies.

22

July

This National Savings Month we consider how a financial coach can help you align your goals and actions to achieve financial success.

20

July

When it comes to products, income protection is a popular option. These financial products are primarily designed to pay you a benefit if you cannot work for a while because of illness or injury.

15

July

When the winter arrives properly in Cape Town, it inevitably brings a few storms. It will rain, there will be some flooding, the wind will howl, and it will be cold. This is one of the times that Joburg dwellers really crow about their climate. Capetonians do not however fundamentally change their lives as a result – rather those who are able to, adapt around the edges, developing their own enjoyable coping strategies that are part of our local culture. Fireplaces, red wine (provided you have stocked up before lockdown) and some lovely winter stews come to mind as examples. We might check gutters and drains, do some much-needed roof repairs, and invest in a good quality winter coat. The point is, despite dark and wet mornings, we do not change our life plans because of (predictably) poor weather conditions. Rather, we understand this is just a season, and that things will change again soon.

15

July

Unfortunately, given the turbulent time we are in, retrenchment has become a reality for many. Although often unexpected, is there a way to rebound from such a traumatic and disruptive event?

15

July

Retirement is an important milestone that many of us look forward to with anticipation. Having built up a working lifetime’s worth of retirement savings, selecting the right annuity option to meet your income needs in retirement is important. You need to take the time to consider your income options carefully, which can be a daunting prospect. In this article, we explore the features of annuities to provide you with some guidance.

15

July

Losing a spouse or family member is traumatic enough; being unprepared for the financial realities of death can make it even more devastating. The moment a loved one passes away, their deceased estate comes into existence and must be wound up in terms of the Administration of Estates Act, and – depending on the nature of the estate – the winding up process can be lengthy. In this article I will unpack the various steps of this inevitable process.

15

July

Substantial evidence shows that the global population is struggling to build sufficient reserves for a comfortable retirement. However, investors who make use of the services provided by reputable financial advisers tend to make better financial decisions. Skilled advisers support clients to approach saving in a more disciplined fashion and make better decisions.

15

July

Great achievements do not happen by luck, nor do they happen in isolation. Whether it is gaining a well-respected tertiary education, a beautifully designed home, or successfully conquering K2 in the Himalayas, achieving most goals in life will likely require the services and support of skilled experts. In a world where knowledge and insight continually evolves, a do-it-yourself approach is not the smartest strategy. Financial planning is no different.

15

July

In this edition of The Wealth Perspective, Chief Investment Officer Adriaan Pask explores the pivotal role a financial adviser can play in helping you reach your financial goals. Head of Sales, Nirdev Desai, reiterates the added value a financial planner can offer an investor. Then Madelein Steenkamp, Legal Specialist in Technical Advisory Support, explains the process of winding up a deceased estate. With retirement on the horizon for some, our Head of Actuarial and Product, Jan van der Merwe, provides a handy guide to annuity products and their suitability. Finally, Technical Legal Adviser, Marguerite Marais tackles the realities of retrenchment and what options are available to you.

29

June

Capitec has already revolutionised the South African banking industry, rising from nothing to challenge the established market players. In this session, we consider what the future of banking might bring for Capitec.

25

June

During tough economic times it is tempting to question the need for having life, disability, severe illness (dread disease) and short-term insurance cover.

23

June

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23

June

A medical scheme provides liquidity to pay for medical-related expenses. If provision has not been made for these expenses or an emergency arises, other investments will have to be used to pay for the treatment. A medical scheme is strongly advised to form part of your wealth protection plan.

22

June

Over the last couple of months, mother nature has surely blessed us with plenty of rain across South Africa. While it’s great to have our dams full and have beautiful, lush gardens again, some also experienced insurance claims due to the havoc it created.

22

June

Moving is an exciting part of life, but it's also an experience that can cause quite a bit of unease. Depending on how far away you’re moving, it can be a major life change, and it can also put a lot of strain on your wallet. If you have an existing contents insurance policy, it may include cover to protect your belongings while in transit, but if not, there are other insurance options you can consider. Here are some tips to make sure your move is a little less stressful and that you remain covered from point A to point B.

22

June

Useful Key Information Documents

22

June

It is important to re-assess portfolio positioning after the significant rise in market sector performance, particularly when one understands that over 90% of investment performance comes through asset allocation.

22

June

Growing up as a millennial I was told saving for retirement was the most important aspect when it came to your personal finances. The discussions that adults were having around me were about their plans and dreams after retirement.

18

June

The series is a collection of dialogues with high-value speakers hosted by award-winning financial journalist Bruce Whitfield and top PSG executives. Each topic addresses burning issues that are concerning South Africans in these uncertain times. The Think Big series aims to empower you with factual evidence and manage expectations on various aspects of how the current situation could unfold.

17

June

In a recent Businesstech article, Old Mutual group’s data shows that if your child starts Grade R in 2020, with education inflation of 9%, you can expect to pay around R1.6 million for their public schooling up to matric and a three-year university qualification. By comparison, if you choose private schools and university, these costs double to R3.7 million.

11

June

In hierdie artikel verwys ek kortliks na twee tegnologieë wat wys hoe vinnig die wêreld verander, en kyk ook hoe hierdie tegnologieë ander bedrywe gaan ontwrig. Ek bespreek ook waarom dit belangrik is dat ons bewus moet wees van die slaggate wanneer ons in sommige van die gewilde beleggingsidees en -temas daarbuite belê, veral wanneer risiko en waardasies geïgnoreer word.

11

June

In this article, I touch very briefly on two technologies that show us just how quickly the world is changing – and on how these technologies are set to disrupt other industries. I also delve into how we need to be aware of the pitfalls when investing in some of the popular investment ideas and themes out there, especially when risk and valuations are being ignored.

09

June

It’s a beautifully simple idea that becomes increasingly complex as we investigate precisely what motivates us, guides our passions and helps us make a difference within our communities.

08

June

In a recent Businesstech article, Old Mutual group’s data shows that if your child starts Grade R in 2020, with education inflation of 9%, you can expect to pay around R1.6 million for their public schooling up to matric and a three-year university qualification. By comparison, if you choose private schools and university, these costs double to R3.7 million.

08

June

View our latest Investment Series.

31

May

’n Bietjie meer as 20 jaar gelede was die Gateway Sentrum die naaste wat Hermanus aan ’n “mall” of inkopiesentrum gekom het. Daar was geen Woolworths of Checkers nie

28

May

Every now and then, the price of a financial asset or commodity rises exponentially to an amount far greater than the intrinsic value of the asset.

25

May

Although it is not wise to hold cash for the long-term, clients do have a need for cash at times. Some clients want to hold cash to express a market or for shorter-term expenditure requirements. Where that is the case, is a call account or bank deposit the best option? Often, the answer is no.

24

May

We often hear that failing to plan is planning to fail. This axiom is especially true when it comes to financial planning, but planning for failure could set you up to deal with unexpected circumstances far better. Short-term insurance tailored to your insurable needs adds a buffer to your financial planning. Insurance can be a bit of a grudge purchase, since you may think you could end up not needing to claim. However, we should all realise that occasional failures are part of life and that they tend to have costly implications (at inconvenient times) if you have to fund them out of pocket. These could include everyday events such as an unexpected failure in another motorist’s judgement, a chance stone against your windshield, your cell phone’s unfortunate encounter with water, or your geyser bursting. When we fail to insure ourselves against common everyday risks, we put our broader financial well-being at risk too. Rather than only focusing on the cost of insurance, consider the benefits you gain from your policy. The industry has also come a long way in terms of its offering and the service experience clients enjoy – so some of the hidden plusses of being insured may even surprise you.

24

May

Money market funds are making news headlines after one of the industry’s biggest funds unexpectedly announced it would be closing. Many clients are now faced with important decisions about where to invest their money market funds.

20

May

PSG Wealth R21 het vir die negende keer die toekenning as PSG se Werknemervoordele-kantoor van die Jaar verower tydens die maatskappy se jaarlikse toekennings en konferensie, wat hierdie jaar virtueel aangebied is.

20

May

PSG Wealth R21 has taken the award as PSG’s Employee Benefits Office of the Year for the ninth time at the firm’s annual awards and conference, hosted virtually this year. The awards recognise top talent and commitment to PSG’s vision.

20

May

The Springboks won the Rugby World Cup in 2019, which included some spectacular individual performances from various players, including Cheslin Kolbe. Have you ever wondered what would happen if a team consisted of players that all have the same height, speed and ability as Cheslin Kolbe? The short answer is that the team would not do very well.

18

May

Enjoy our most recent newsletters.

17

May

We often talk about the importance of looking beyond prevailing narratives to find value. Narratives are easy to buy into, partly because as humans we enjoy a good story, and partly because they are simple and easy to understand. They help us make sense of the world, and they also make it easy to buy into prevailing market sentiment – whether that is hype or despair. It can be very challenging to voice a view that is contrary to this prevailing wisdom: depending on the direction of the narrative, those who question its validity risk either being branded naively optimistic or as ‘dinosaurs’ unwilling to move with the times.

14

May

PSG Konsult hou jaarliks ’n beleggingskonferensie waar sprekers van reg oor die wêreld hulle insigte met ons kom deel. Die afgelope week was dit weereens my voorreg om deel te kon wees en na hierdie kundiges te luister.

14

May

PSG Konsult holds an annual investment conference at which speakers from around the world share their insights with us. Over the last week, it has been my privilege once again to be a part of this event and to listen to these experts.

13

May

The future of social upliftment

05

May

Parents have so much to think about, especially when it comes to essentials like savings for the family, healthcare or provisions should something bad like a dread disease happen. There are many aspects of modern family living that require thorough planning, and short-term insurance should be key among them.

05

May

Sometimes, our biggest problems are our most basic problems. And, we can’t always see them ourselves until someone else reminds us.

04

May

Markets are about as polarised as they’ve ever been, with extreme divergences existing between developed and emerging markets; small cap shares versus large cap; and growth shares versus value. And these extremes should be viewed in conjunction with the most notable extreme in modern-day markets: interest rates.

04

May

Recently, fixed income investors have been roiling from the news that one of South Africa’s largest money market funds will be closing its doors to investors. As a result, many fixed income investors are now forced to explore alternative investment options at short notice. But according to PSG Asset Management Fund Manager, Lyle Sankar, fixed income investors should take stock of their fixed income needs within the context of their entire investment strategy before they leap into the next best option. Given the extreme circumstances we are currently seeing in the markets, now is an excellent time for an advice refresh and a review.

04

May

World markets have recovered since the Covid-19 sell-off of early 2020 and are trading at higher levels than before. Uncertainty remains regarding the global economic recovery, but we know that great investment opportunities often follow in the wake of a market crisis. The guidelines below can help you to ensure your portfolio is optimally positioned for the long term.

04

May

It’s been over a year since the Covid-19 panic sparked the fastest market sell-off in history. This time last year, investors did not yet know that the quickest sell-off on record was soon to be followed by a new record for the quickest recovery too. A year later, where are we now, and what lies ahead for investors?

03

May

Multi-asset funds can invest across multiple asset classes to meet their portfolio objectives. We aim to allocate capital to our best ideas, balancing risk and potential reward, in line with the client and mandate needs. Our default position is always cash, and we will only allocate to opportunities that offer sufficient risk-adjusted returns above what can be earned on cash. Every security has a return hurdle based on the risks associated with investing in it. We allocate capital on a bottom-up basis, as the expected returns exceed these required return hurdles.

03

May

We recently marked the one-year anniversary of the lows reached during the pandemic-induced panic of March 2020. If you had predicted at the time that the S&P 500 would be 78% higher a year later, psychiatric observation would have been suggested. With markets hitting all-time highs in recent weeks and many prominent examples of the frothiness, manias and bubbles that we associate with late-cycle bull markets on display, caution is justified. Clients will be familiar with our tendency to hold high levels of cash when markets are expensive and risk appetite is high – a case of being fearful when others are greedy. Yet cash levels in our funds are currently low and our funds remain offensively positioned.

03

May

As we are differentiated managers, our performance can be out of step with that of the market from time to time. The most recent drawdown, which culminated in early 2020, lasted longer and was deeper than we would have liked. Looking ahead, however, we remain convinced of the value our approach can add to client portfolios. We are encouraged by the differentiated and attractive positioning our portfolios offer clients and believe this unique outlook will become increasingly valuable to investors looking to navigate the deep (and sometimes lovely) forests of investment markets going forward.

03

May

Markets are cyclical by nature. This ensures no single sector, stock or geography remains in the lead indefinitely. There are also many different approaches to investment and endless debates about the ‘best’ approach. Market cycles often overlap and intersect, and this can present pitfalls to unwary investors if they lock in losses by switching between strategies at the wrong time. Part of our commitment to investors is that we remain ‘true to the label’ of differentiated investing, with a focus on balancing value and quality.

03

May

In this edition, we consider the importance of how we remain ‘true to label’ and ensure we continue to bring our clients differentiated portfolios. Our philosophy consistently drives the investment decisions in our funds. We revisit why our funds have a valuable contribution to make as part of carefully constructed client portfolios and for patient, long-term investors. We explore why our cash holdings are currently low compared to past experience (even as markets are expensive) and weigh the advantages income-seeking investors may find in considering multi-asset funds. We remain resolute in our efforts to help investors to look beyond short-term noise and uncertainty, and to recognise the opportunities that abound for patient investors at present.

30

April

An increasing number of South Africans have started to physically transfer some of their wealth offshore.

30

April

A number of key economic indicators are painting a rosy picture and suggest a rebound for the global economy is on track following the impact of the COVID-19 pandemic across the world. In the US, the ISM Purchasing Manager’s Indices for both the Manufacturing and Services sectors, key leading indicators of economic activity, hit 30-year highs. This reflects high optimism about the level of imminent overall US GDP recovery. Meanwhile, in China, their equivalent PMI indices have also recovered strongly and are well above their respective averages. The world’s two largest economies now experiencing synchronised growth, which bodes well for the rest of the world.

30

April

Hermanus Portefeuljebestuur en Aandelemakelary

30

April

Are stock markets expensive?

30

April

The December holiday period has come and gone, and feels like a distant memory. With the April school holidays already here, 2021 seems to be rapidly gathering pace in various aspects. The pandemic has affected us all.  We would like to reflect on some key market and currency performances in the last 12 months which have produced interesting, and quite surprising outcomes.

29

April

Watch our webinars right here, we hope you find them educational and helpful.

29

April

Watch our webinars right here, we hope you find them educational and helpful.

24

April

Many see the Western Cape as one of SA’s best run provinces – but is this the case?

23

April

Other than the inconvenience of precariously stacked items kept in cluttered garages, there may be hidden dangers in the items you are storing on your premises. In our post-pandemic environment, some businesses have shut down, or you may be working from home more often. For whatever reason, some people may be storing work chemicals in home garages or second bedrooms. Even if you own the property where such items are kept, it might not be legal or safe to do so. Ensuring you adhere to the law is important from an insurance perspective, to ensure you remain covered. We spoke to Johan van den Heever, Regional Lead/Senior Fire Investigator at EFI Global on the burning issues when it comes to safely storing chemicals at home.

21

April

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19

April

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16

April

Bitcoin is ʼn kriptogeldeenheid wat in 2008 bekendgestel is deur iemand met die skuilnaam, Satoshi Nakamoto. Dit is ʼn digitale bate wat ontwerp is om as ruilmiddel te werk en word deur kriptografie bestuur en beheer. Jy word “beloon” met Bitcoin wanneer jy gasheer speel vir eweknietransaksies (peer-to-peer transactions), ʼn proses wat bekend staan as Bitcoin-ontginning.

16

April

Bitcoin is a cryptocurrency created in 2008 by someone operating under the alias, Satoshi Nakamoto. It is a digital asset designed to work as a medium of exchange and it uses cryptography to control its creation and management. One gets ‘rewarded’ in Bitcoin for hosting peer-to-peer transactions, a process known as Bitcoin mining.

15

April

We are proud to announce that PSG Konsult increased recurring headline earnings per share by 10% and achieved a return on equity of 20%.

13

April

Finance minister Tito Mboweni delivered an optimistic budget speech on 24 February 2021. The budget speech detailed initiatives that should decrease the tax burden on many citizens.

13

April

Longevity risk is one of the biggest risks facing retirees. Recent research has been highlighting how life expectancy of individuals is increasing. What does that mean and how can this affect your retirement savings?

13

April

Many investors become overly anxious when markets behave badly and choose to sell off valuable stakes of their portfolio. However, opting to sell when values decline is rarely a good idea. Panic-selling or buying almost always ends badly, which is why investors must understand the dangers of changing strategy in a portfolio in hopes of chasing past performance. And why proper risk profiling will help ensure that your asset allocation is aligned to your current situation and risk appetite.

13

April

With online solutions popping up and promising to crank out an estate plan in under 30 minutes, you may be tempted to set up a do-it-yourself (DIY) estate plan. Afterall, you will be avoiding all the costs that come with professional assistance, right? Well, going the DIY route might cost you more than you think.

13

April

For many investors, the risk – rather than just the return – of their investments has been top of mind during this uncertain time. While pandemic-induced factors such as currency volatility, recessions and sluggish growth can leave investors nervous, there are bigger risks that investors often fail to consider. These include allowing your emotions to influence your decisions, the failure to save adequately, and perhaps most detrimental, underestimating the impact of inflation over time.

13

April

After a year in which unemployment reached an all-time high of 30.8%, and the economy contracted by an estimated 7.2%, many investors are understandably anxious about the low growth environment and current volatility. The Covid-19 pandemic has affected our communities in almost every aspect of our lives, and from an investment perspective it has caused massive disruption to the world’s financial markets. Within this turbulence, for many people it is the risk, rather than the return on their investments, that has been front of mind.

07

April

Na ‘n jaar van inperkings is dit gepas om na onsekerhede, onsinnige maatreëls, leë strande en trauma terug te kyk en ons Covid jaar te onthou. Tyd het verby gevlieg al het dit partykeer stil gestaan.

07

April

It is fitting to reflect on the past Covid year of lockdowns, uncertainty, strange restrictions, deserted beaches and trauma.

01

April

Enjoy our newsletters, such an interesting read...

31

March

The story of the last few weeks in finance has been bond market volatility and its impact on equity markets. Here I aim to provide some detail on the basics of bonds, yields, and the yield curve to help you make sense of it all... First, a few quick definitions.

31

March

We live in a fast-paced age where “instant culture” sets the tone. Instant results, instant meals, instant payments, instant gratification. There have been dramatic changes to the general behaviour of society since the beginning of this century. People want everything, and they want it now! It just goes to show that patience is a virtue, which very few possess nowadays.

31

March

I’m sure most of you have heard the expression: “It’s not wise to put all your eggs in one basket”. I have had clients repeat this expression to me many times as a reason for why they sometimes have the exact same investment products, with many different product providers managed by multiple financial advisers.

31

March

Over the last twelve months we experienced a great deal of volatility in global markets. At the turn of 2019/2020, Covid-19 burst onto the scene like a horseman of the apocalypse, causing global markets to tumble and investor sentiment to drop faster than a hot potato.

31

March

Time is the most valuable commodity, and what we enjoy tomorrow is a result of what we start today. There is a common misconception, that enlisting the advice of a financial planner is only something that you do, once you’ve amassed a certain level of wealth. In the absence of a clear plan there is no tangible manner in which to determine what your financial goals are for the short-term, or the future, which can almost be likened to crossing the Drakensberg barefoot, without a map or a destination.

31

March

Watch our webinars right here, we hope you find them educational and helpful.

26

March

We often bump into an acquaintance and they will marvel at the market either being up or down over the past few days. But how relevant is the actual market as a concept to investors, especially given the extremes we have seen over the past few years leading to very different experiences in different areas of the market?

26

March

An investment in property, be it residential, commercial or a combination thereof, can be an integral component of a well-diversified investment portfolio.

22

March

As many of us work digitally in some way (some of us almost entirely), the likelihood of encountering fraud is no longer unlikely. Working from home has increased this risk tenfold, making personal and business data a growing concern. We recently consulted with one of our approved product providers who specialises in cyber risk, to develop a better understanding of the key threats clients should be aware of. Below are some top tips for being safer online.

23

February

In recent months, second-hand car purchases have accelerated as the economic impact of Covid-19 and lockdowns have been felt and travel needs have changed. For some, second-hand cars are an attractive option.

09

February

Market participants all want the same thing: the best possible return at the lowest level of risk. How you go about securing that, however, is often a source of disagreement. While you might think investment is a black-and-white affair, the assumptions that you use to underpin your calculations can have a decided influence on your decision to invest – or not.

03

February

A distorted yield curve offers investors access to potentially equity-like returns Fixed income markets have been through a tumultuous year. The rate cuts associated with efforts to contain the economic fall-out of the Covid-19 pandemic, together with worries about South Africa’s fiscal position and investor preference for low risk options, have driven distortions in the local yield curve.

31

January

There seems to be a lot of noise around at present asking whether there may be a major stock market correction imminent given that valuations on some US megacap stocks are extreme and that there have been signs in recent weeks of some speculative excesses in companies like Gamestock and Tesla by retail traders with new low-cost, app-based trading accounts such as Robinhood flush with stimulus cheques which they are using to speculate in the US stock market. I will briefly address this question but would like to address whether this is the right question for most investors to be asking. Remember, investors are not traders.

31

January

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29

January

If you are in a position to take advantage of the tax breaks available in this tax year, now is the time to do so.

22

January

There are many aspects of life that ‘go without saying’, yet some of these could do with a little conversation. A great example is keeping clear communication with your adviser or insurer, so that any assumptions you might have about your insurance cover can be cleared up. Here are some common examples to consider, especially as we begin a new year.