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...
Employee Benefits
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
Guy Chennells, Head of Product, Discovery Employee BenefitsSince 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...
Suggestions to be wary of in South Africa’s retirement Industry
Eugen Rehbock, Executive Consultant - Efficient Benefit Consulting In 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...
Taking a cue from corporates on how to safeguard and future-fit our retirement funds
Carina Wessels, Executive: Governance, Legal, Compliance and Sustainability, Alexforbes Taking a cue fromcorporates on how to safeguard and future-fit our retirement funds It has been a while since the King IV Report on Corporate Governance for South Africa...
Are We There Yet?
Are We There Yet? Stephan Walker Chairperson of the Retirement Matters Committee of the Actuarial Society of South Africa. In mid-December 2021,National Treasury released discussion document concerning planned and possible changes to South African retirement funds....