Sanlam - Investing Internationally

	Glacier by Sanlam Our Solutions Investments and Savings Investment Plan Glacier Vantage Life Plan Retirement Retirement Annuity Preservation Fund Glacier's ILLA Glacier's Retirement Fund Solution International Investments Stockbroking Estate Planning, Wills and Trusts Personal Cover & Business Assurance Short-term Insurance Market Information Economic Commentary by Jac Laubscher Economic Reports Estate Planning Essentials Facts and Figures Fund Fact Sheets Funds on Friday Legal Matters Performance summary Retirement Matters Risk Matters Tax on dividends Weekly Comment About Us Profile Structure Our People Values and Culture Employment Equity Social Investment Corporate Governance Financial Statements Careers In The News How To Transact Online Frequently Asked Questions Terms of Use Contact Us	Investing Internationally There are essentially two options available to local investors seeking international diversification. The first method is to obtain South African Reserve Bank (SARB) approval to invest in foreign currency, using your individual offshore allowance (currently R4 million). The second method is to use an investment company’s offshore allowance, known as an asset-swap. Method 1 – Direct investment An introduction to Glacier International Glacier International was launched in January 2010 as part of Glacier by Sanlam’s strategy to expand its solutions to meet the needs of its affluent clients. Solid backing from Sanlam and Glacier Sanlam Life Insurance Limited (Sanlam) is: among South Africa’s largest life assurers committed to the highest level of corporate governance and best practice. Glacier Financial Solutions (Pty) Ltd, a wholly-owned subsidiary of Sanlam, is one of the largest administrative financial service providers in South Africa according to assets under management. Direct international investment solutions Glacier International offers direct international investment solutions to intermediaries and their clients. Investments may: be part of an individual’s foreign investment allowance be made from funds already invested overseas, often through international trusts or companies make use of institutional foreign investment allowances (asset swap facilities) Glacier International’s foreign investment solutions are for discretionary lump sum investments of USD/EUR/GBP 25,000.00 and above. Glacier International’s solutions Global Life Plan This is a Bermudian linked life plan with access to investment choices denominated in foreign currency. The investment choices are mostly collective investment funds. This plan includes an ability to cushion the investment value against increased volatility in equity and bond markets. Global Collection Plan This is a long-term investment solution. Investment choices are collective investment funds denominated in foreign currency. To create the Global Collection plan, Glacier International collaborated with some of the world’s most respected financial services companies. The plan offers investment choices from world-renowned asset management companies. Value-added services Services through select external providers Glacier International has agreements with external providers to assist clients with various aspects of investing internationally. These include the following: Opening bank accounts Offshore fiduciary services (These referrals are given in collaboration with Glacier’s fiduciary division.) Investing via institutional foreign investment allowance Extra services we offer Qualified Recognised Overseas Pension Scheme (QROPS) – The Glacier International Global Life and Global Collection Plans may be used within a QROPS structure. Currency conversion – Glacier International can facilitate the conversion of South African rands to USD, EUR or GBP if investors need help to make investments into the Global Life or Global Collection Plans. (These plans accept only USD/EUR/GBP). Tax clearance certificates - Glacier International can assist potential clients to obtain tax clearance from SARS. We can send in the application forms and collect the tax clearance certificates. Method 2 – Asset-swap By using an investment company’s offshore allowance, investors obtain exposure to foreign markets without having to move money offshore. An advantage of this approach is that investors don’t have to obtain SARB approval and therefore have no restriction on the amount that can be invested offshore. Investors in these funds are protected under the regulations of the SA Financial Services Board. For more information on investing internationally: Click here to download a brochure on the Global Life Plan Click here to download a brochure on the Global Collection Plan Click here for our Global Collection & Global Life Plan fees Please click here for more information on Glacier International links to www.glacierinternational.com Contact Glacier Content within this section:

PRINTED ON:
24/05/2012