Share Portfolios

 

On 13th February 2018 the Registrar for Financial Services Providers issued a licence to Kevin Mills Financial Services cc to provide advisory and intermediary services for licence category 1.8 “Securities and Instruments: Shares.”

 

This brings an exciting opportunity for Kevin Mills Financial Services to add discretionary and non- discretionary share portfolios to our wide range of investment products. The share portfolios will offer the following benefits:

 

  • A choice of share portfolios within both the South African market and share portfolios offshore.
  • The portfolios will be structured according to the unique needs of each individual investor.
  • Transparency of fees and underlying investment holdings.
  • The share portfolios may be included in living annuity portfolios.
  • Kevin Mills Financial Services will actively seek out exceptional portfolio managers to assist in creating a wide range of diversified investment options.

 

For more information please give is a call.

 

Budget 2018:

 

An important change that was brought in during the recent budget was an immediate amendment to Regulation 28 of the Pension Funds Act relating to the asset allocation limits. As a result of the changes retirement funds can now have a maximum offshore exposure of 30% and a 10% exposure to Africa.

 

This change will allow for fund managers, such as Allan Gray, Coronation and Investec to take a greater amount of your funds offshore in your retirement savings funds.

 

Allan Gray have provided a handy two page document that highlights some of the changes that may affect investors. Please find this document attached.

 

Tax Certificates:

 

Please note that all Product providers will be sending out tax certificates in the next few months. If you do not receive yours please contact the office and we will be able to assist you.

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