Richard Carter
Articles by Richard Carter
Taking stock of two-pot: A trustee’s perspective
All South African retirement funds have been impacted by the recent introduction of the two-pot retirement system.
Two-pot: How to achieve better retirement outcomes
The new two-pot retirement system has been designed to improve retirement outcomes for South Africans, while allowing some access to retirement savings in ca...
Part 1 (updated): Challenges and opportunities with South Africa’s retirement fund system
While the South African retirement fund system faces its fair share of challenges, there are opportunities to harness and improve retirement outcomes for Sou...
A focus on the regulatory aspects and challenges of the two-pot system
During the recent Budget speech, the Minister of Finance confirmed the intended launch date of 1 March 2024 for the two-pot retirement system. With 12 months...
Making sense of the proposed two-pot retirement system
In February 2021, the National Treasury announced its intention to amend the retirement fund system in South Africa with the dual aim of creating limited...
Navigating a changing retirement savings system
The finer detail may remain unclear for the moment, but National Treasury’s proposed retirement reforms have largely been welcomed by the retirement savings...
Corporate governance and shareholder responsibility
What is the role of a shareholder and where does their responsibility end? Listen to this 10 minute interview with Andile Khumalo on PowerFM as Richard Carte...
Read beyond the Budget headlines: Bracket creep hits low to middle income earners
The 2017 Budget had some surprises, especially for the wealthy, with steep increases in income tax and dividend withholding tax. But the silent tax increase ...
How does the Budget impact me?
The 2017 Budget had some surprises, especially for the wealthy, with steep increases in income tax and dividend withholding tax. But we need to look beyond t...
Protect your buying power by investing offshore
We are all fixated on the rand-dollar exchange rate and what it will do next, but does it really affect our day-to-day? And what can you do about it? Listen ...
How to make sense of tax in unit trusts
The tax you pay can have big impact on your return over time. While you cannot make investment decisions based on tax alone, it is also a factor that cannot ...
Invest for your child’s future today with a tax-free investment account
For most parents looking to make a long-term investment on behalf of their minor children, a tax-free investment account is an option worth investigating....
How can I earn higher returns and pay less tax?
Tax has a significant impact on the returns of your investment. If, like most of us, you would like to see more return in your account and less in the hands ...
Investment platform fees reduced
Our investment platform has grown over the last few years making it possible for us to reduce our administration fees to give clients better value for money.
What you need to know about the retirement fund changes
National Treasury is making changes to retirement legislation to encourage investors to save more for their retirement and to improve the alignment between t...
Welcome amendments to retirement reform
The retirement reform amendments contained in the Taxation Laws Amendment Bill, which will come into effect on 1 March 2016, are a positive step by Treasury ...
Launching the Allan Gray Tax-Free Balanced Fund
At Allan Gray we aim to keep our product and fund range small, and only introduce new offerings if we believe they will benefit our clients. We are pleased t...
Presenting the Allan Gray Tax-Free Balanced Fund
We are excited to announce the launch of the Allan Gray Tax-Free Balanced Fund. This new unit trust will be managed in broadly the same way as our flagship...
Delays to retirement reform shouldn't mean delays to your retirement savings
In Quarterly Commentary 1, 2013 we wrote about retirement reform, discussing how the changes would affect existing and potential retirement fund members. Fas...
Proposed changes to the Allan Gray Equity Fund
Since its inception in 1998, the Allan Gray Equity Fund (the Fund) has returned 26% per year (after fees), while the benchmark FTSE/JSE All Share Index (ALSI...
Regulatory update: Get up to speed before year-end
There is a lot going on in the regulatory space. Between retirement reform, on the one hand, and the so-called ‘Twin peaks’ model of financial regulation on...
Accessing foreign investment opportunities
South African foreign exchange controls limit the amount unit trusts can invest overseas to 35% of retail assets under management, collectively. Available...
Rebates versus clean pricing: which structure benefits investors the most?
A key problem in the LISP industry is that fees are complex, and different platforms use different fee structures. Many investors do not understand how much...
Retirement reform: How will the changes affect you?
With a very small percentage of South Africans able to support themselves financially in retirement, Treasury has been taking a thorough look at retirement...
Make sustainability a priority when planning your retirement income
Over the last 20 years pension funds have increasingly passed the responsibility for generating income after retirement on to retirees and insurers, rather...
Planning for income post retirement
If you are knocking at 60's door and fall into the small minority of South Africans who have saved enough to retire comfortably, you may be planning your...
Living annuities for life
Living annuities need to provide an income stream for life. This means that the asset allocation in your living annuity investment should be aimed both at...
The Stable Fund completes a decade
The Allan Gray Stable Fund celebrated its 10-year anniversary on 1 July. This is a good time to reflect on how the Fund has performed over its first 10 years...
Launch of the Allan Gray-Orbis Global Optimal Fund of Funds
Allan Gray introduced its third rand-denominated offshore fund on 1 March 2010 bringing the total number of unit trusts to nine. The Allan Gray-Orbis Global...
