Richard Carter

Richard Carter

Richard joined Allan Gray in 2007. He is head of Assurance and is responsible for Compliance, Risk, Internal Audit and Group Legal. He is also a director of Allan Gray Life and Allan Gray Investment Services and a trustee of the Allan Gray retirement funds. He was previously jointly responsible for the Retail business, heading up Product Development. Richard holds a Bachelor of Business Science degree in Actuarial Science from the University of Cape Town and is a qualified actuary.

Articles by Richard Carter

Insights categories - Retirement

Part 1 (updated): Challenges and opportunities with South Africa’s retirement fund system

By Richard Carter on 28 Feb 2024

Reading time: 6 mins

While the South African retirement fund system faces its fair share of challenges, there are opportunities to harness and improve retirement outcomes for Sou...

Insights categories - Retirement

Part 1 (updated): Challenges and opportunities with South Africa’s retirement fund system

By Richard Carter on 28 Feb 2024

Reading time: 6 mins

While the South African retirement fund system faces its fair share of challenges, there are opportunities to harness and improve retirement outcomes for Sou...

Insights categories - Retirement

A focus on the regulatory aspects and challenges of the two-pot system

By Richard Carter on 01 Mar 2023

Reading time: 6 mins

During the recent Budget speech, the Minister of Finance confirmed the intended launch date of 1 March 2024 for the two-pot retirement system. With 12 months...

Insights categories - Retirement

Making sense of the proposed two-pot retirement system

By Richard Carter on 27 Oct 2022

Reading time: 11 mins

In February 2021, the National Treasury announced its intention to amend the retirement fund system in South Africa with the dual aim of creating limited...

Insights categories - Retirement

Navigating a changing retirement savings system

By Richard Carter on 10 Mar 2022

Viewing time: 1 min

The finer detail may remain unclear for the moment, but National Treasury’s proposed retirement reforms have largely been welcomed by the retirement savings...

Insights categories - Investment insights

Corporate governance and shareholder responsibility

By Richard Carter on 12 Jun 2017

Listening time: 10 mins

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...

Insights categories - Personal investing

How does the Budget impact me?

By Richard Carter on 23 Feb 2017

Listening time: 9 mins

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...

Insights categories - Personal investing

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

By Richard Carter on 23 Feb 2017

Reading time: 3 mins

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 ...

Insights categories - Offshore investing

Protect your buying power by investing offshore

By Richard Carter on 30 Dec 2016

Listening time: 14 mins

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 ...

Insights categories - Personal investing

How to make sense of tax in unit trusts

By Richard Carter on 29 Aug 2016

Reading time: 1 min

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 ...

Insights categories - Personal investing

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

By Richard Carter on 19 Aug 2016

Viewing time: 1 min

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....

Insights categories - Personal investing

How can I earn higher returns and pay less tax?

By Richard Carter and Jeanette Marais on 30 Jun 2016

Reading time: 10 mins

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 ...

Insights categories - Local investing

Investment platform fees reduced

By Richard Carter on 17 Mar 2016

Reading time: 4 mins

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.

Insights categories - Retirement

What you need to know about the retirement fund changes

By Richard Carter on 25 Feb 2016

Reading time: 4 mins

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

Insights categories - Retirement

Welcome amendments to retirement reform

By Richard Carter on 03 Feb 2016

Reading time: 3 mins

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 ...

Insights categories - Local investing

Launching the Allan Gray Tax-Free Balanced Fund

By Richard Carter on 26 Jan 2016

Reading time: 3 mins

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...

Insights categories - Local investing

Presenting the Allan Gray Tax-Free Balanced Fund

By Richard Carter and Earl Van Zyl on 31 Dec 2015

Reading time: 10 mins

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...

Insights categories - Retirement

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

By Richard Carter on 31 Mar 2015

Reading time: 9 mins

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

Insights categories - Local investing

Proposed changes to the Allan Gray Equity Fund

By Richard Carter on 31 Dec 2014

Reading time: 11 mins

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...

Insights categories - Retirement

Regulatory update: Get up to speed before year-end

By Richard Carter on 02 Dec 2014

Reading time: 5 mins

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...

Insights categories - Offshore investing

Accessing foreign investment opportunities

By Richard Carter and Johann Grandia on 04 Feb 2014

Reading time: 7 mins

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

Insights categories - Local investing

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

By Richard Carter on 23 Jul 2013

Reading time: 5 mins

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...

Insights categories - Retirement

Retirement reform: How will the changes affect you?

By Richard Carter on 31 Mar 2013

Reading time: 7 mins

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

Insights categories - Retirement

Make sustainability a priority when planning your retirement income

By Richard Carter on 29 Oct 2012

Reading time: 6 mins

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

Insights categories - Retirement

Planning for income post retirement

By Richard Carter on 30 Sep 2012

Reading time: 9 mins

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...

Insights categories - Retirement

Living annuities for life

By Richard Carter on 31 Mar 2011

Reading time: 8 mins

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...

Insights categories - Local investing

The Stable Fund completes a decade

By Richard Carter on 30 Jun 2010

Reading time: 6 mins

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...

Insights categories - Offshore investing

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

By Richard Carter on 31 Mar 2010

Reading time: 8 mins

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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