Glacier’s endowment plan gives exposure to international shares
Active fund-management orientation with estate planning benefits and without tax hassles
There are dozens of investment seminars every month, mainly to spoon-feed financial advisers so they don’t have to do research. Sometimes there are not wholly reputable firms wishing to repackage an overseas pension for a massive fee or transfer your assets to a high-margin, inflexible endowment policy. The most valuable conference I have been to recently was from Glacier by Sanlam. It was a tight three hours long, focusing on four fund managers: Schroders, Investec, Dodge & Cox and Baillie Gifford. It didn’t drag. It was entirely focused either on equity investment or on relevant issues around the Glacier platform. I was sceptical when it presented the benefits of its Global Life Plan, as I associated such endowments with high fees. But there are some significant advantages. It is a South African policy so the investments form part of a South African estate. That doesn’t mean you get a pile of rand when the policy matures or on death, as it can be kept in foreign currency. And asse...
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