SAIFM INVESTMENT SUMMIT. 21 June 2016 The Hilton, Sandton. Forces shaping the investment landscape over the next decade

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1 SAIFM INVESTMENT SUMMIT 21 June 2016 The Hilton, Sandton Forces shaping the investment landscape over the next decade

ABOUT THE EVENT THE REAL INVESTMENT REVOLUTION The investment industry is under severe pressure regulatory changes, technological innovations, global risk factors, stagflation and recession, looming

2 ABOUT THE EVENT THE REAL INVESTMENT REVOLUTION The investment industry is under severe pressure regulatory changes, technological innovations, global risk factors, stagflation and recession, looming risk ratings downgrades and profound emerging markets vulnerability. At this summit, the most pertinent issues for investors and the investment industry will be explored, including the impact of global developments on South Africa and the potential risks that these entail. How should such an investment landscape be navigated? Would it still be possible to achieve reasonable returns at acceptable risk levels? Expectations of lower returns may motivate investors to evaluate the effect of costs and fees on long-term investment returns, particularly in the retirement industry. The debate on the potential impact of fees on investment returns will be explored, while the pertinent questions investors need to ask to ensure maximum investment returns at the lowest costs, will be highlighted. Technological innovation can bring both threats and opportunities to investors and the investment industry. Robo-advisors, for example, could disrupt the investment advice industry as wealthy investors are increasingly turning to robo-advisors. Is this international development also prevalent in South Africa? How effective is such automated investing technology? A related issue is whether passive investment strategies could offer superior returns to active investment strategies, particularly after costs and fees have been taken into account. Do the lower fee structures of such strategies compensate for outperformance of market benchmarks by active strategies? The latest research on investment results and the relative merits of each strategy will be debated. Capital gains tax has recently been increased and the impact on investment returns, especially in the long term, will be debated. As is the case with costs and fees, the long term impact on retirement savings will be particularly important. 2 Investor engagement is a crucial issue in the investment process. Service providers need to know how effective communication strategies are in terms of the actual investor requirements. What is the unique perspective of each type of investor and what would influence their decisions? The role of investor education in this regard will be investigated. Should the role of the investment industry be questioned? Master or servant - has the investment industry been turned upside down? What are the constraints encountered by the business and investment world in terms of protection of the environment and how important is the market for carbon credits in South Africa? New investment instruments available on the JSE and the tools available to investors will be discussed. Did service providers lose an opportunity by not creating innovative products to serve the low income mass market in South Africa? What are the constraints in this regard and what progress has been made to provide access to this market? How can technology and innovative business models be used to access a potentially lucrative market? Finally, an update on Ponzi schemes and how not to be taken in by scams will be highlighted. The investment summit offers a unique opportunity for financial market practitioners and advisers to ponder the realities of a changed investment landscape and how to not only survive, but to thrive in these conditions. Financial market practitioners will have the opportunity to engage with experts in the field and their peers in constructive debates on issues of concern in their businesses as well as those challenges unique to the South African investment landscape. The provisional programme is below. Register at

THE PROGRAMME 8:25 Welcome Christo Luüs, Chairman, SAIFM 8:00 Registration and early morning refreshments 8:30 Opening keynote Are global risks rising and are we at their mercy?

3 THE PROGRAMME 8:25 Welcome Christo Luüs, Chairman, SAIFM 8:00 Registration and early morning refreshments 8:30 Opening keynote Are global risks rising and are we at their mercy? What are the challenges and opportunities and how can we face them head on? George Glynos, ETM Analytics 9:15 Costs, Cost/Benefits and Value Destruction Understanding what really impacts the outcomes to our clients and why we still don t get it. Anne Cabot-Alletzhauser, Alexander Forbes 9:55 Robo-advisers A threat or opportunity for the financial advice industry? Eugene van Rensburg, IRESS SA 10:35 Mid-morning refreshments and networking 10:55 Panel discussion Active versus passive investment management strategies what are the differences, trends and implications? Moderator: Adam Reeves, WWC Asset Management Roland Rousseau, ABSA Capital Nerina Visser, ETFSA Brandon Zietsman, PortfolioMetrix 11:40 Investor engagement - an individual s perspective Amy Underwood, Nedbank 12:20 Climate change Impact on investments and the market for carbon credits: What will this mean for economic growth and the environment in South Africa? Simbarashe Manwere, Lehumo Capital 13:00 Lunch and networking 13:45 Panel discussion: Capital Gains Tax What is the impact of capital gains tax on investment portfolios: What are the differences in the tax treatment of various vehicles and should the playing field be levelled? Moderator: Christo Luüs Anthony Brislin, SARS Duncan Mc Allister, SARS Tony Barrett, FNB Herman van Dyk, NWU 14:30 New investment instruments on the JSE Tools available to investors Nerina Visser, ETFSA 15:10 Mid-afternoon break and networking 15:30 Panel discussion Financial Inclusion: Have services providers done enough to ensure innovative products for the unbanked or have they been too focused on increasing product choice only for existing customers? Moderator: Eugene van Rensburg, IRESS SA Marcelina!Gaoses, Global Mandate Consulting Namibia Roelof Goosen, Independent advisor and strategist on financial inclusion matters 16:15 Ponzi schemes and other investment scams How to recognise and avoid them Ingrid Goodspeed, National Treasury 16:55 Closing remarks and close of the summit 3

EVENT INFO WHEN TO GO, WHERE TO GO Details Date 21 June 2016 Time 08h00 to 17h00 Venue Hilton, Sandton Parking Basement parking will be available. For map and directions, please visit www.saifm.co.

4 EVENT INFO WHEN TO GO, WHERE TO GO Details Date 21 June 2016 Time 08h00 to 17h00 Venue Hilton, Sandton Parking Basement parking will be available. For map and directions, please visit Travel Gautrain Any travel and accommodation costs are for the account of the delegate A free shuttle service from the Sandton Gautrain station is available. Please contact us at summit@saifm.co.za for further details INFO TO TAKE NOTE OF Cancellations Any cancellations received before 7 June 2016 will be subject to a 50% cancellation charge. Cancellations received after 7 June 2016 will be subject to a 100% charge. Substitutions are permitted, provided written notice has been received at least 2 business days before the event. Disclaimer SAIFM has the right to change the programme and venue if deemed necessary. Brand association opportunities Should you be interested in advertising opportunities, kindly contact Christie-anne van Wyngaardt via christie@saifm.co.za or telephone

Registration & Payment Costs Pay on or before 31 May 2016 SAIFM Members R2890.00 excluding VAT R3294.60 including VAT SAIFM Affiliate Members R3160.00 excluding VAT R3602.

5 Registration & Payment Costs Pay on or before 31 May 2016 SAIFM Members R excluding VAT R including VAT SAIFM Affiliate Members R excluding VAT R including VAT Non-members R excluding VAT R including VAT Pay after 31 May 2016 SAIFM Full Members R excluding VAT Registration for individuals as well as groups can be done online at or by completing the attached registration form and faxing to For any assistance with registrations please contact us on or Upon registration, SAIFM will issue an invoice, which can be paid via Electronic Funds Transfer or via Credit Card. DISCOUNTS SAIFM Affiliate Members Non-members R including VAT R excluding VAT R including VAT R excluding VAT R including VAT Members of SAIFM can enjoy a discount of up to 15% off the cost of the summit depending on the class of membership. See below for more information of SAIFM Membership classes and the requirements thereof. 5

6 BECOME A MEMBER OF SAIFM SAIFM strives to promote the financial markets industry and the practitioners (including corporate entities) who are active in the industry by providing professional training and other activities with a view to promote the objectives specified in the Charter. Membership therefore should encompass the broad spectrum of activities in the markets and provide the possibility of progression through the various classes of membership. AFFILIATE MEMBER This class of membership is intended to serve as an entry into the financial markets industry. An affiliate member shall be entitled to the following benefits of affiliate membership: making use of the Institute s examinations participating in training workshops for general education or in preparation for examinations with the appropriate discount relevant to this class of membership attending conferences with the appropriate discount relevant to this class of membership receiving the Institute s online magazine, advertisements for positions in the financial markets and any other newsletters that the Institute may issue participating in any other activities that the Institute may offer to further its main objectives, including continued professional development (CPD) initiatives attending the annual general meeting to participate in discussions but with no voting rights. Becoming an affiliate member is as simple as reading and agreeing to adhere to the SAIFM Code of Conduct, and such agreement can be indicated by checking the appropriate box when registering for any SAIFM event or examination. The SAIFM Code of Conduct can be found on our website, 6

7 FULL MEMBER This class of membership is intended to provide recognition to persons who have achieved certain minimum levels of knowledge and understanding of the financial markets by having passed certain examinations required to fulfil particular functions in the financial markets or having achieved such other equivalent or superior qualifications as the Board in its sole discretion may allow. A full member shall be entitled to the following membership benefits: making use of the Institute s examinations participating in training workshops for general financial markets education or in preparation for examinations with the appropriate discount relevant to this class of membership attending conferences with the appropriate discount relevant to this class of membership receiving the Institute s online magazine, advertisements for positions in the financial markets and any other newsletters that the Institute may issue participating in any other activities that the Institute may offer to further its main objectives, including continued professional development (CPD) initiatives attending and voting at the annual general meeting using the appellation MIFM after his or her name. To be eligible to apply for full membership of SAIFM, the applicant must have achieved the two compulsory and any one of the elective RPE modules, or possess a qualification accepted as equivalent or superior to the RPE by the Board of Governors of SAIFM. Application forms for Full Membership can be downloaded from 7

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Entry criteria SAIS Membership and Board Examinations The entry criteria to sit for the SAIS Membership and Board Examinations are as follows: Those with the following qualifications: B.Com (Hons) or B