The benefits of increasing offshore exposure in post-retirement

One of the most significant once-off life events a person will ever experience is retirement.  Therefore a large portion of an individual’s working life is committed towards preparing for this occurrence, as one does not get a second chance at it.  This transition from actively earning an income to passively generating an income while in retirement is so important that an entire profession (financial adviser) and industry (financial services) is…

The value of RAs… Include them in ‘Plan A’ for every client

Question around the value of Retirement Annuities Q(RAs)  within  long  term  financial  planning  are frequently raised. The apparently simple response is complicated  by  constantly  changing  regulation,  most notably the Income Tax Act. Over time I have witnessed and participated in countless debates – and read many articles – on the merits of RAs. The topic attracts controversy with viewpoints often varying according to which side of the fence one sits…

Is cash king?

It has been a good few years for cash. As shown in Graph 1, over the past three years cash (i.e. highly liquid assets, like money market funds and fixed-interest assets, such as Treasury bills) has delivered decent returns, when compared to equities and bonds, with significantly less volatility amid ongoing global uncertainty. This has been particularly pronounced this year, with cash delivering 6% versus -9.38% for the FTSE/JSE All Share…