Richard Carter

Richard is a director of Allan Gray Life. He joined Allan Gray in 2007 after working for several years in financial services in the UK. He was previously jointly responsible for the retail business, heading up Product Development. Richard completed his BBusSc degree at UCT and is a qualified actuary.

Articles by Richard Carter

Corporate governance and shareholder responsibility

By Richard Carter on 12 Jun 2017

What is the role of a shareholder and where does their responsibility end? Listen to this 10 minute interview with Andile Khumalo on PowerFM as Richard Carte...

Read beyond the Budget headlines: Bracket creep hits low to middle income earners

By Richard Carter on 23 Feb 2017

The 2017 Budget had some surprises, especially for the wealthy, with steep increases in income tax and dividend withholding tax. But the silent tax increase ...

How does the Budget impact me?

By Richard Carter on 23 Feb 2017

The 2017 Budget had some surprises, especially for the wealthy, with steep increases in income tax and dividend withholding tax. But we need to look beyond t...

Protect your buying power by investing offshore

By Richard Carter on 30 Dec 2016

We are all fixated on the rand-dollar exchange rate and what it will do next, but does it really affect our day-to-day? And what can you do about it? Listen ...

How to make sense of tax in unit trusts

By Richard Carter on 29 Aug 2016

The tax you pay can have big impact on your return over time. While you cannot make investment decisions based on tax alone, it is also a factor that cannot ...

Invest for your child’s future today with a tax-free investment account

By Richard Carter on 19 Aug 2016

For most parents looking to make a long-term investment on behalf of their minor children, a tax-free investment account is an option worth investigating....

How can I earn higher returns and pay less tax?

By Richard Carter and Jeanette Marais on 30 Jun 2016

Tax has a significant impact on the returns of your investment. If, like most of us, you would like to see more return in your account and less in the hands ...

Investment platform fees reduced

By Richard Carter on 17 Mar 2016

Our investment platform has grown over the last few years making it possible for us to reduce our administration fees to give clients better value for money.

What you need to know about the retirement fund changes

By Richard Carter on 25 Feb 2016

National Treasury is making changes to retirement legislation to encourage investors to save more for their retirement and to improve the alignment between t...

Welcome amendments to retirement reform

By Richard Carter on 03 Feb 2016

The retirement reform amendments contained in the Taxation Laws Amendment Bill, which will come into effect on 1 March 2016, are a positive step by Treasury ...

Launching the Allan Gray Tax-Free Balanced Fund

By Richard Carter on 26 Jan 2016

At Allan Gray we aim to keep our product and fund range small, and only introduce new offerings if we believe they will benefit our clients. We are pleased t...

Presenting the Allan Gray Tax-Free Balanced Fund

By Richard Carter and Earl Van Zyl on 31 Dec 2015

We are excited to announce the launch of the Allan Gray Tax-Free Balanced Fund. This new unit trust will be managed in broadly the same way as our flagship...

Delays to retirement reform shouldn't mean delays to your retirement savings

By Richard Carter on 31 Mar 2015

In Quarterly Commentary 1, 2013 we wrote about retirement reform, discussing how the changes would affect existing and potential retirement fund members. Fas...

Proposed changes to the Allan Gray Equity Fund

By Richard Carter on 31 Dec 2014

Since its inception in 1998, the Allan Gray Equity Fund (the Fund) has returned 26% per year (after fees), while the benchmark FTSE/JSE All Share Index (ALSI...

Regulatory update: Get up to speed before year-end

By Richard Carter on 02 Dec 2014

There is a lot going on in the regulatory space. Between retirement reform, on the one hand, and the so-called ‘Twin peaks’ model of financial regulation on...

Accessing foreign investment opportunities

By Richard Carter and Johann Grandia on 04 Feb 2014

South African foreign exchange controls limit the amount unit trusts can invest overseas to 35% of retail assets under management, collectively. Available...

Rebates versus clean pricing: which structure benefits investors the most?

By Richard Carter on 23 Jul 2013

A key problem in the LISP industry is that fees are complex, and different platforms use different fee structures. Many investors do not understand how much...

Retirement reform: How will the changes affect you?

By Richard Carter on 31 Mar 2013

With a very small percentage of South Africans able to support themselves financially in retirement, Treasury has been taking a thorough look at retirement...

Make sustainability a priority when planning your retirement income

By Richard Carter on 29 Oct 2012

Over the last 20 years pension funds have increasingly passed the responsibility for generating income after retirement on to retirees and insurers, rather...

Planning for income post retirement

By Richard Carter on 30 Sep 2012

If you are knocking at 60's door and fall into the small minority of South Africans who have saved enough to retire comfortably, you may be planning your...

Living annuities for life

By Richard Carter on 31 Mar 2011

Living annuities need to provide an income stream for life. This means that the asset allocation in your living annuity investment should be aimed both at...

The Stable Fund completes a decade

By Richard Carter on 30 Jun 2010

The Allan Gray Stable Fund celebrated its 10-year anniversary on 1 July. This is a good time to reflect on how the Fund has performed over its first 10 years...

Launch of the Allan Gray-Orbis Global Optimal Fund of Funds

By Richard Carter on 31 Mar 2010

Allan Gray introduced its third rand-denominated offshore fund on 1 March 2010 bringing the total number of unit trusts to nine. The Allan Gray-Orbis Global...

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