5 December 2024
It’s hard to believe that it’s almost a wrap for this year. And what a year it’s been – inside Glacier as well as across the industry! We are deeply grateful for our partnership with intermediaries and their trust in us to administer and manage clients’ investments
Global and local drivers
This year, we welcomed the government of national unity (GNU) this and the United States Federal Bank’s reduction of the interest rate by 50 bps, which had direct benefits for our country. Both of these changes bode well for clients and for the industry. The positive economic sentiment coupled with more capital available for investment and managing debt, are key drivers toward prosperity. We certainly are resolute in our role as a partner to intermediaries and to fulfil our shared purpose to enable this prosperity for clients.
Highs and lows
The year kicked off with Two-Pot Retirement System legislation among the priorities on our business agenda and I am pleased that our clients and business partners kept informed of the changes. As a result, we experienced almost seamless implementation, although dealing with administration volumes has been challenging.
The launch of the Glacier Hub into the Life Investments quote space as this marks our ‘tech for experience’ and ‘tech for service’ implementation plan being well underway.
The recent announcement by Sanlam of the deal with NinetyOne certainly ends the year on a high, as this provides us with strategic shareholding portfolio, consolidation of asset management and limitless opportunities, locally and offshore.
Although offshore investing struggled in 2022 and 2023 due to a host of reasons, we are confident as we have been observing its upswing this year.
Change is no longer a choice
Change has become a way of being. At Glacier, we are determined as individuals and as an organisation operating in an ever-evolving industry, to ensure that we transform to stay relevant for our partners and clients, and that our business can prosper and succeed for generations to come.
If you are already our partner, thank you for your unwavering support and playing a valuable role in our business. If you’re new to Glacier, we are excited to unlock limitless investment possibilities for you and your clients.
May I take this opportunity to wish you, your family and everyone in your practice, a blessed, peaceful and restful festive season. May 2025 be a year of success, self-care and abundance in every sphere of your life.
