“While our country continues to implement structural reforms to improve access to retirement savings and prevent potential abuse of retirement funds, there is an urgent need to provide consumers with accessible solutions and education to help…
"The two-pot retirement system is intended to create two “pots” for retirement fund members. From the date the new system comes into effect, members will be able to make one taxable withdrawal a year from their “savings pot” (33% of contributions),…
“A very small group of South Africans have comprehensive access to quality healthcare. The cost of full cover is prohibitive for most South Africans. Therefore, there is a need for an alternative option that can provide access to private healthcare…
"It doesn't help to lament; we have to face the facts: The intergenerational contract has become fragile. The younger generations Y and Z in particular are being called upon to make (even) greater provision for old age themselves. The inconvenient…
"Health risk managers are becoming increasingly valuable to companies across South Africa, especially after the pandemic," says Shivani Vassen, Disability Consultant at Alexforbes Health Management Solutions.
With pension reform being a hot topic globally, Blessing Utete, Managing Executive of Old Mutual Corporate Consultants offers a unique perspective on the importance of thoughtful reform that takes into account the concerns and needs of all stakeholders,…
"Companies have shifted from pure compliance around diversity to embracing the impact and value of different perspectives. In the South African context, diversity is not just about ethnicity, though," says Dalene Sechele, Executive: Corporate…
"The workplace is a vastly different place to the one our parents knew. In the past, it was accepted that people left their emotional concerns at home, and a ‘command and control’ style of leadership was the norm. The new world of work compels…
"This effectively means that there will now be more people who are not protected by the BCEA. Employers and staff should ensure that they understand the impact of this on employees affected by the change as it could have a material influence…
Following the Finance Minister's Budget speech delivered this afternoon, Discovery Group' several experts passed commentary saying, overall the Group does recognise that there are significant fiscal challenges and little room for increasing…
“With absenteeism costing the South African economy an estimated R15-billion, and 15% of the workforce taking sick leave daily, companies are investing more in their employees’ health than ever before to achieve better business results," says…
“We at Old Mutual wholeheartedly support the reforms as the most important regulations to move us towards ending old age poverty at retirement. In this context, the industry is doing all it can to prepare for implementation, but we cannot undertake…
“Knowing that costs are a factor for all businesses, but more so for SMMEs, we have developed a product focused on convenience, cost effectiveness and choice,” says Nzwa Shoniwa, Managing Executive at Sanlam Umbrella Solutions.
"Demand for basic health insurance plans that cover basic primary medical care such as day-to-day consultations with general practitioners, dentistry, optometry and acute and chronic medication have seen significant growth in the last 12 months.…
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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