Since March 2019, legislation changed such that instead of leaving pensioners to their own devices, funds had to have in place “default” retirement products, secured at institutional pricing and appropriate for the needs of most members. These “default annuity...
Gary Feldman, Executive Head of Healthcare Consulting, NMG Benefits The Council for Medical Schemes (CMS) recently recommended that medical aid schemes cap their contribution increases for 2023 at 5.7%. On the face of it, limiting medical aid increases looks like a...
Abdur-Rehman Mangera, Head: Group Benefits, Bryte LifeInsurance products often top the list of grudge purchases despite the industry’s vital role as an economic enabler and financial safeguard. That becomes less surprising when we realise how little consumers...
Fazlin Swanepoel, Head of Alexforbes Health, Alexforbes‘Focusing on health, wellness and financial wellbeing is like our GPS through the twists and turns of progress,’ says Fazlin Swanepoel, head of Alexforbes Health. Health and wellness are more than just buzzwords;...
Guy Chennells, Head: Product, Discovery Employee BenefitsIn the US, which is well known for being a front runner in global trends, we can see starkly the incredible revolution of hybrid working. While the hybrid work trend spiked during COVID, it has stabilised since...
Zeldeen Muller, CEO, AgendaWorx.com, Board PortalsAs we stand on the cusp of 2024, the role of the board member is undergoing a transformation that is nothing short of revolutionary. Gone are the days of sifting through endless paperwork, relying solely on human...
Carina Wessels, Executive: Governance, Legal, Compliance and Sustainability, AlexforbesIn last quarter’s edition we considered what could be learned in how to proactively future-proof our retirement funds against potential failure, by considering the lessons from...
Subedra Reddy, Executive Head: Actuarial DC Funds, NBC Holdings (Pty) LtdThe two-pot system is on everyone’s minds in the retirement fund industry. With the proposed implementation date of 1 March 2024 looming large, service providers, trustees and members are...
Corné Heymans, senior actuary and member of the Retirement Matters Committee at the Actuarial Society of South Africa (ASSA)Since the implementation of the Pension Funds Act in 1956, many retirement funds have come and gone. With more than 25 500 funds registered to...
Anita Roodman, Senior Manager: Legal and Technical services, Simeka Consultants and Actuaries In the digital age where demand for capabilities such as online access for members and participating employers plays an integral role in managing financial transactions...
