6 FAQs On The Two-Pot System
Wednesday, 20 September 2023
National Treasury’s proposed two-pot system for retirement savings has prompted many questions from members, employers and trustees – and many of those queries are landing on the desks of intermediaries. Blessing Utete, Managing Executive at Old Mutual Corporate Consultants, describes National Treasury’s proposed two-pot system for retirement savings as ‘a monumental shift for the retirement sector’. When
Why We Need To Prioritise Life And Disability Cover
Monday, 19 June 2023
According to the findings of ASISA’s 2022 Life and Disability Insurance Gap Study, 14.3 million income earners in South Africa only had sufficient life and disability insurance to cover 45% of the total needs of households. This statistic implies that households with one primary income earner would have to reduce their household expenses by more
South Africa On The FATF Grey List
Tuesday, 07 March 2023
OLD MUTUAL MULTI-MANAGERS – MARKETS IN A MINUTE – 27 February 2023 WHY IS THIS IN THE NEWS? The global Financial Action Task Force (FATF) has placed South Africa on the list of “Jurisdictions under Increased Monitoring”, the so-called grey list. The FATF is a global body that sets legal, regulatory, and operational standards to
- Published in Finance
Medical Inflation: Understanding the Rise of Medical Costs
Monday, 14 November 2022
There’s no doubt that even high-income earners feel the pinch of rising costs in private healthcare. Why do healthcare rates rise more than average inflation—are medical schemes greedy? Today we are looking at what influences healthcare costs and, ultimately, medical inflation. South African Healthcare Demographics in Context Most South Africans rely solely on the public
The Effect Of Compound Interest
Wednesday, 31 August 2022
Will you have enough money when you retire? To retire comfortably requires a sound investment strategy that starts as early as possible. When it comes to long-term investments like your retirement savings, compound interest is a small thing that makes a massive difference. It is often ignored because the impact of compound interest isn’t
ATT: Retirement Funds and Employers – New Consequences for Arrear Contributions
Monday, 25 July 2022
In case you missed it, The Financial Sector Conduct Authority (FSCA) issued a communication regarding retirement funds contributions, which needs noting. FSCA communication 17 of 22(RF) – is relevant to all employers with retirement funds, more those whose fund contributions are currently in arrears. Current Statute In terms of section 13A of the Pension Funds
How Covid-19 Has Impacted Group Insurance Premiums
Monday, 25 July 2022
Group insurance pricing is forward-looking. This means that when premiums are reviewed annually, the premium rates are based on the expected costs of claims over the next 12 months. The influx of life cover claims over the last two years – and the high uncertainty around the future impact of Covid-19 – requires a cautious
The Importance of Employee Assistance Programmes in These Times.
Tuesday, 07 June 2022
As an advisory and intermediary service provider, we have witnessed a remarkable influx of members suffering from crime-related trauma and injuries. The last few months saw the environment escalate from garden variety muggings to violent shootings, riots, and strikes. Couple this with the impact of COVID 19, and it’s plain to see why mental health
- Published in Health
Why Is A Beneficiary Nomination Form So Important?
Thursday, 07 April 2022
The details in your beneficiary nomination form ensure that your loved ones (and other dependants) aren’t left in the lurch when you pass. The strain of dealing with the loss of a loved one is hard enough, but too often, many families suffer financial burdens as well. Complete and up-to-date information in your beneficiary nomination
- Published in Finance
Authorised Financial Services Provider - FSP Licence No 12970 - © 2020 - Mindoro Group (Pty) Ltd. All rights reserved.