“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,"…
“We expect the focus will be on stabilising the Two-Pot System. While the government has signalled its commitment to auto-enrolment, which could significantly expand retirement savings coverage to South Africans who currently work but don’t…
"HR teams across industries often face significant hurdles, including a lack of employee benefits due to affordability constraints or the absence of policies supporting their implementation. These challenges result in disengaged employees, higher…
"Our internal member data indicates that while 65 remains the official retirement age, only 25% of South Africans can afford to retire at this age. Most people will need to work an additional 15 years to achieve financial security in retirement,"…
"South Africa's legislative landscape is marked by conflicts and inconsistencies that can hinder effective governance and the successful implementation of public-private partnerships. Addressing these issues requires a concerted effort to harmonise…
"Regular check-ins after a withdrawal are essential. These conversations allow us to continuously update the financial plan to accommodate life's changes and ensure customers remain on track. By assessing the customer's financial landscape,…
"Living longer should be celebrated, but it also requires us to approach retirement planning differently. This summit is about giving people the tools to make sure the next chapter is their best chapter yet, no matter where they are starting…
"While we know that with freedom comes responsibility, the two-pot retirement system has shown us that with flexibility comes complexity. For new retirement savings plans, the two-pot retirement system should bring a good balance between protecting…
“The Two-pot system is a game-changer, providing access to funds for urgent financial pressures. But we also need to think beyond today. Are we solving today’s problems at the cost of tomorrow’s security? Understanding how this new system works…
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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