GTC wins EBnet Evolutionary Award for 2024 

GTC Altertude’s recognition in the Evolution in Member Outcomes category underscores our commitment to improving retirement outcomes through innovative strategies and client-centered solutions.  This award affirms our ongoing dedication to advancing member wellbeing and shaping the future of the retirement industry.

We are honored to be recognised by EBnet and remain inspired to continue driving meaningful change for all  our investors.

For more about the awards, visit the EBnet Evolutionary Awards – Entries page.

GTC earns prestigious recognition at the 2024 PMR Africa Diamond Arrow Awards

GTC has proudly secured the PMR Africa Diamond Arrow Award of Excellence for 2024, continuing a remarkable streak as the top-ranked company in its category.

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The ins and outs of medical aid

In this podcast, Maya chats to Jillian Larkan, Head – Healthcare Consulting, about the importance of understanding your medical plan, and to make sure that you have the right plan for your specific needs and circumstances.

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GTC clinches PMR Africa Diamond Arrow Award of Excellence for 2023

GTC has once again been recognised by PMR Africa, awarded the Diamond Arrow Award of Excellence for 2023, being the highest-ranked recipient in its category.

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An update on The Two-pots retirement system 

We delve into key changes and their implications, offering a glimpse of what’s in store. Explore more to stay ahead in your retirement journey.

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‘Free healthcare’ for South Africans?

Jill Larkan – Head of Healthcare Consulting at GTC – comments on the National Health Insurance (NHI) Bill passed by the  National Assembly on 12 June, aimed at creating universal access to healthcare services in South Africa.

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Recognising excellence on a large playing field – GTC’s Capital Plus Fund of Funds shines

Late in February 2023,  at an industry award ceremony hosted by Morningstar, a global well respected  independent investment research company,  announced the nomination of GTC’s Capital Plus Fund of Fund in their ‘Best Moderate Fund Allocation’ category.

We acknowledge the insights and guidance of the GTC Asset Management team, along with the GTC investment and risk management committees.

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The Two-pot system’s revised date – March 2024

On 29 July 2022, National Treasury issued a media statement on the draft tax bills released for public comment. 

The media statement set out National Treasury’s proposal on promoting the preservation of retirement savings until retirement, coupled with access to a portion of retirement savings before retirement. 

This proposed new system is called the “Two-pot system” and was scheduled to come into effect on 1 March 2023.  Subsequently, the effective date was withdrawn, and National Treasury announced a revised effective date of 1 March 2024.

The industry awaits the latest draft legislation to be issued.  GTC will issue a communication on this matter closer to the new effective date.

Click here for our previous news relating to The Two-pot system

Recognising excellence on a large playing field – GTC’s Capital Plus Fund of Funds shines

Late in February 2023,  at an industry award ceremony hosted by Morningstar, a global well respected  independent investment research company,  announced the nomination of GTC’s Capital Plus Fund of Fund in their ‘Best Moderate Fund Allocation’ category.

We acknowledge the insights and guidance of the GTC Asset Management team, along with the GTC investment and risk management committees.

Click here to read more.

South Africa has been grey listed by the Financial Action Task Force (FATF)

The FATF is a global inter-governmental body, that promotes policies of good governance and sets international standards relating to the combating of money laundering, terrorist financing, and the financing of the proliferation of weapons of mass destruction and biological weapons.  There are currently 39 members of the FATF: 37 jurisdictions (including South Africa as a member state) and two regional organisations (the Gulf Cooperation Council and the European Commission).

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Why is Section 13A important to you – the employer?

When it comes to retirement funds, an employer has a number of legal responsibilities to perform. One such important duty is to pay contributions, due in terms of the registered rules, over to their retirement fund. This duty is considered so important that not only has it found its way into the Act, but it also carries a criminal sanction for non-compliance.

The Financial Sector Conduct Authority (FSCA) has issued a Conduct Standard which sets the standards and requirements in respect of the monthly member data and payment of contributions.

This Conduct Standard impacts employers directly. It may be that changes to internal processes are required, to incorporate the new requirements.

Click here to view the brochure.

Market update Q&A – October 2022

Markets are, once again, causing angst and worry amongst investors.  Clive Egger, Head of Asset Management at GTC, unpacks market movements, discusses the robustness of portfolio construction, and provides sound advice about preferred actions investors should take. 

The Proposed “Two-pot System”

On 29 July 2022, National Treasury issued a media statement on the draft tax bill, requesting public comment. This media statement sets out National Treasury’s proposal, promoting the preservation of retirement savings, though coupled with accessing a portion of retirement savings before retirement date. 

In the knowledge that deferring retirement benefits for retirement is almost always the most financially appropriate investment strategy, GTC will support any initiative that sees this objective achieved. 

Why politics is poison in a portfolio 

We continue to advise that investors base their allocation decisions on a considered view of long-term objectives and avoid impulsive changes to policy based on emotion, fear, or headlines. 

The Russian Ukraine war and its affects on our investments 

Recent weeks and months have been notable for global investment market performance. Markets have been affected by various trigger events, including the inter-related macro factors of the Ukrainian-Russian conflict, petroleum and gas markets, America’s economic downturn, as well as global interest rate movements. We unpack some of the underlying causes of these prevailing market movements, discuss how this has – and may – affect portfolio performance and make recommendations as to the actions we should be taking (and those we shouldn’t) to preserve portfolio values. 

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Medical aid savings on R0 – Now what?

Lester Kiewiet interviews Jill Larkan, Head of GTC Healthcare Consulting, on how to curb the likelihood of your medical savings accounts running dry. Click below to listen to the podcast.
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Q&A on the war between Russia and Ukraine and it’s affects on our investments

Join Jill Larkan in a Q&A session with Clive Eggers – Head of Multi Management at GTC, as he takes us through the developments unfolding between Russia and the Ukraine, anticipated future events, the effect this is having on our portfolios, and the actions taken by the portfolio managers who are taking care of your assets.

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Read more archived articles here:

Regulation 28

This part tumultuous year has had a significant affect on global financial markets

How the aging population of a medical aid will affect its’ premium increases going forward

How much more will you pay for your medical scheme next year?

SA unrest impulsive investment decisions 

Responsible investing

Coronavirus pandemic prompts individuals to ensure affairs are in order

Annuitisation of Provident Funds January 2021

Coronavirus pandemic prompts individuals to ensure affairs are in order

Annuitisation of Provident Funds January 2021

Medical aid increases and the Covid pandemic

Coronavirus and investment update GTC – 11 March 2020

CNBC Power lunch – GTC Medical Aid Survey On Cost & Benefits of SA’s Medical Aid Industry

More medical aids performed well, but members must know what they are entitled to

More medical aids performed well, but members must know what they are entitled to

Giving your child a quality education requires dedicated saving from when they are born

Gap Cover Survey 2018

GTC acquires Financial Administration Solutions (FAS) to bolster retirement fund capability

Medical aid increases for 2018. Time to review – The Citizen

Medical aid increases for 2018. Time to review – Moneyweb

Coping with the rising costs of medical care – Citypress Business

Medical aid annual review: six questions to ask – HR Pulse

Medical aid annual review: six questions to ask before accepting the default option 

The difference between the cheapest and most expensive medical aid in South… – Business Tech