"In the same way as buying a car involves choosing a type of vehicle and then deciding on a specific brand or model, investing entails selecting both the type of product and its underlying investment instruments i.e. the types of funds or asset…
"There were several complaints against the fund and the lack of its response reflects a disregard of the Pension Funds Act, its rules and the best interests of members, thus the report to the Financial Services Conduct Authority (FSCA) for action…
"The consumer portion of this year's study showed that respondents expected to retire comfortably at 60. However, a separate piece of work by Sanlam Corporate - our Age of Confidence research - showed a starkly different picture," says Kanyisa…
"Financial security at retirement is increasingly being determined not by how much you save - but by when you retire. We need a model that cushions individuals from unpredictable shocks and gives them confidence that their efforts will translate…
"The Tribunal's refusal to condone the late application for reconsideration underscores a broader principle: there is a distinct pension fund litigation legal framework, and those who ignore it do so at their peril," says Mzwakhe Poswa, Senior…
Tumiso Chidi, Channel Enablement Specialist at Momentum Savings, is on the verge of retiring. He shares his avoidance dance with reality until his decision on what to do next.
"The collaboration strengthens our commitment to relevance and long-term sustainability. Working with Old Mutual allows us to expand our reach, ensuring more South Africans have access to healthcare that is dynamic, dependable, and tailored…
"Recent legal developments make it clear that financial hardship is no excuse for failing to meet statutory obligations, particularly the obligation to pay over retirement fund contributions deducted from employees' salaries," state Nicolette…
“Cybercriminals are aware of the high value of this data, from retirement savings to sensitive medical information, and are constantly evolving their tactics to exploit any vulnerabilities they can find," says Ashley Singh, Chief Information…
"Being organised, gathering the necessary documentation, and keeping records of correspondence are key to claiming what’s rightfully yours. It’s also worth getting advice from a financial adviser or planner on how best to allocate or invest…
“When employees face rising living costs and reduced disposable income, the pressure quickly mounts, not just on their personal finances but also on their employers. In such times, employees will either expect higher pay to keep up with increased…
"A good gap cover policy offers comprehensive cover that addresses various medical expenses not fully covered by traditional medical aid. This includes specialist consultations, hospital stays, and advanced treatments that may arise unexpectedly.,"…
"Temporary migrants can be defined as South Africans working outside of the Republic for more than 183 days in any tax year, of which 60 days must be continuous, but who have their families, social circles and primary residence in South Africa…
"Retirement planning doesn’t have to be complicated, but it’s something that requires attention and consistent discipline. The FNB Retirement Insights Survey 2024 shows that less than 10% of South Africans are financially ready for retirement,"…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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