Intergenerational wealth refers to assets passed by one generation of a family to the next, and how families use their collective wealth to support each other during their lifetimes, says Mariska Comins, Head of Technical Support, PSG Wealth.
"Aynjil Cancer Insurance is similar to critical illness cover, however it is more specialised and solely focused on cancer. This means we're able to offer a lower monthly premium as we remove the costs that come with insuring a much broader…
"One of the most encouraging outcomes we have seen over the years is how learners are taking the financial knowledge they’ve gained, to their homes and communities. This means that it’s not just the young people that are becoming financially…
"I think intermediaries tend to forget this 'professional' narrative applies to them as well. They often have substantive future earning potential. However, their risk is also quite immense as they can only earn an income if they're actively…
Financial Planning Month in October reminds us of the need to have financial goals and to work towards achieving them over time, and while many of us are battling to afford our expenses, it can seem quite daunting to also think about saving,…
For parents who have children with serious disabilities, estate planning is even more crucial as these children may not ever be able to work and provide for themselves. As such, it is imperative that everyone, especially those caring for people…
"The general rule is that only blood relations of the deceased and their descendants may inherit should someone die without a will. This includes children, grandchildren, parents, brothers, sisters, grandparents, uncles, and aunts. The surviving…
"If one dies without a will, the Intestate Succession Act ("the Act") takes effect. In terms of the Act, only blood relatives and spouses may inherit from the estate; foster children, stepchildren, foster parents, stepparents, and possibly your…
What actually happens to one’s investments in the event of death? Jaco Prinsloo, a CFP at Alexforbes takes us through such investments and the succession planning of investments, specifically discretionary investments, compulsory investments…
Any conversation with Gen Zs around healthy financial habits must therefore be based on empathy and a keen understanding of the unique pressures that young South Africans face,” says Sam Beckbessinger, the author of the bestselling title, Manage…
While a life partner can be wonderful, they should not be considered as a part of your retirement plan as they may not even have saved sufficiently to meet their own requirements, says Buhle Langa, financial planner at Alexforbes.
"Like the store accounts, the risk with using credit cards is that debt can build up really quickly because of seamless accessibility to easy credit. However, when used smartly consumers can derive some benefits from these facilities by utilising…
It can be a big challenge for women to start making life-changing financial decisions at an emotional time, when they may never have done it before, says Mariska Comins, Head of Technical Support at PSG Wealth.
When it comes to retirement, the three crucial success indicators are your total contributions, the time invested in the market and the investment returns earned, says Graeme Young, Group Head of Private Equity and M&A at Hollard Insurance.
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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