Innovation in structured products can be about new solutions or existing solutions meeting new needs, according to Twané Wessels (pictured), product actuary at Just Retirement South Africa. She was speaking at the ‘Product innovation: investment ideas and solutions’ discussion at the SRP Africa Conference 2019, held in Cape Town on March 7.
“Innovation is creativity, but creativity with a job to do,” said Wessels. Melissa Dyer, head of advisory, Harbour Wealth, said it is all about how clients can best use structured products. “On the asset management side, structured products were only used inside funds and later on they were adapted for the retail market, but only as discretionary assets mainly held within stockbroking accounts,” she said. Nowadays, according to Dyer, by embracing fintech, structure
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