Page 20 - Dainfern Precinct Living Issue 10_2023

Advertorial
10X REWARDS NEW INVESTORS

WITH ZERO FEES

0X Investments is once again
rewarding all new investors
with six months of zero fees if
1they sign up for a living annuity,
retirement annuity, or preservation
fund during November.
The company’s fee-free promotion
applies to new retirement annuities,
living annuities, and preservation
funds taken in November. This
limited time offer alleviates financial
burdens and makes retirement
planning more accessible to all.

This comes when the country is
grappling with unprecedented
financial pressures, making it more
critical than ever to consider the
future and invest wisely.
South Africa is sitting on a retirement
time bomb, with the National
Treasury revealing that only 6% of
the country’s population is on track
to retire comfortably. Six
Economic circumstances have
impacted South Africans’ ability months
to save. The COVID-19 pandemic
directly affected untold livelihoods, of zero
but in its aftermath, there has been
little economic relief, and for many fees
citizens, life has only become harder. About 10X
South Africans have endured rising
inflation, high-interest rates, and over the next year,” Tuck said. “The
record unemployment. Most South only thing guaranteed with any Investments
Africans are currently facing high certainty is the fees you pay.”
living costs and often do not view
retirement investments as an “Many retirement investors, 10X is an independent asset manager
immediate priority. According to therefore, underestimate the fees
Andre Tuck, Team Leader: Retail on their living annuity, or rather, the offering a suite of financial services
Investments, this highlights the impact these fees will have on the products to South Africans underpinned
importance of innovative and longevity of their savings,” said Tuck.
inclusive insurance solutions to by a core philosophy of long-term
ensure comprehensive protection for With its proven track record of over
all South Africans. 15 years delivering superior returns, strategic asset allocation. We aim
10X Investments has consistently to deliver value driven outcomes-
While cost is a primary consideration outperformed the industry average,
in almost every purchase decision, helping thousands of South Africans based returns which meet our clients’
especially in uncertain markets, fees achieve their financial goals. By investment goals. 10X Investments
are often overlooked when making providing transparent and cost-
critical financial decisions, such as effective investment solutions, 10X (Pty) Ltd is a licensed Financial Services
investing in a long-term retirement Investments is committed to making Provider #28250 and S13B Pension
product. retirement planning a seamless and
rewarding experience. Funds Administrator #24/444. The
“Few retirees realise that the fees content herein is provided as general
they pay on their living annuity could To better understand the impact
well be their biggest retirement of these figures on an investor’s information. It is not intended as nor
expense,” said Tuck. He explains retirement, new investors can view does it constitute financial, tax, legal,
that a 2% fee, for example, on a the 10X Investments’ retirement
R5m annuity amounts to more than income calculator. It will calculate investment, or other advice. 10X LA is
R8,000 per month. what a sustainable income would underwritten by Guardrisk Life Limited.
be, taking investors’ savings balance,
“Factors including affordability, age, fees, and inflation into account.
accessibility, and financial literacy http://www.10x.co.za
influence insurance adoption. In 10X Investments (Pty) Ltd is a
an environment of heightened licensed Financial Services Provider
uncertainty, no one can realistically #28250 and S13B Pension Funds
predict what the market will return Administrator #24/444.

20 DPL issue 10 2023
18 DPL issue 8 2023