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...
Q3 2023
Impact of the two-pot system on retirement benefits
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...
A mortality analysis of retirement funds – an exploration of various causes of death of a terminating retirement fund
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...
Retirement funds and cyber security compromises
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...
Why pricing shouldn’t be the primary consideration when assessing group risk benefits insurance
Abdur-Rehman Mangera, Head of Group Benefits, Bryte Life In difficult economic times, companies are under pressure to do more with less – and managing pension funds and particularly risk benefits; is no exception. Many companies gravitate towards group risk benefits...
Prevention is better than cure, best insure
Since its outset, life insurance and group risk has been centred on the need to ensure that you, as individuals and businesses, are protected “in the event of x”. Should a member of staff experience an unforeseen medical scenario – such as a mental or severe illness...
Suggestions to be wary of in South Africa’s retirement Industry
Eugen Rehbock, Executive Consultant - Efficient Benefit ConsultingIn recent months, some financial service providers to retirement funds (commercial umbrella funds) have suggested to participating employers that employee benefits consultants are not needed and that a...
Effortless meeting minutes using AI
Zeldeen Muller, CEO, AgendaWorx, Board PortalsThe role of the fund secretariat has always been multifaceted, demanding exceptional organisational skills and the ability to capture and document crucial information accurately. One crucial aspect of their...
Considerations when allocating offshore
Sandile Malinga, Co-Head of Multi-Asset, M&G InvestmentsIn the current conditions, diversification in portfolios is especially valuable, and attractive opportunities are presenting in the widely diverging real yields and valuations we are seeing between countries,...
China’s recovery may be bumpy, but the focus should be on long term growth drivers
Wenchang Ma, Portfolio Manager, Ninety One The reopening of China sparked a wave of positive market sentiment as investors anticipated a robust economic recovery. But over the last few months, we’ve seen optimism waxing and waning due to a fixation on short...