Industry Updates
Save and live with financial confidence
When you find yourself in a tough spot financially and you see no way forward, the temptation is to dip into retirement funds. We believe that this should be avoided at all costs. Even more tempting, is withdrawing more than you need from your retirement savings. We believe this should be avoided if at all possible.
Adopt penny wisdom during pandemic to live with financial confidence
It’s almost trite to repeat that the COVID-19 pandemic and its associated lockdowns have hit South African households hard. Losing jobs and contracts and work hours came against a backdrop where many South Africans...
How will the retirement reforms affect you?
The long-awaited retirement reforms came into effect on 1 March 2021. The reforms, also known as T-Day, mean that retirement benefits under provident funds and provident preservation funds will be subject to compulsory annuitisation.
Retirement reforms a step in the right direction to improving retirement outcomes
Avishal Seeth, Head of Sanlam Umbrella Solutions, Reinier Van Gijsen, Head of Pricing, Sanlam Corporate: Group Risk and Michele Jennings, CEO of Sanlam Corporate: Group Risk, recently hosted a webinar discussing the legislative framework relating to vested rights of members over the age of 55 and the impact of COVID-19 on group insurance.
Sanlam 2020 Annual Results
In dealing with the Covid-19 pandemic Sanlam was guided by its purpose: Empowering Generations to be Financially Confident, Secure and Prosperous. The Group rolled out technology and support to ensure that clients could be provided with appropriate advice to deal with the financial impacts of the pandemic.
Effective Annual Cost
The Effective Annual Cost (EAC) disclosure is a standardised disclosure methodology for retirement savings that came into effect from 31 March 2021.