Employee Benefits Archives

25 Feb 2021

Training is vital for business growth

By DIY & Industrial Trade News

Enterprise and supplier development training; skill development training; and a range of other training models are so important for sustaining a growing business. Training is the process of increasing the knowledge and skills of the workforce to enable them to perform their jobs effectively. A process whereby an individual acquires job-related skills and knowledge. Training plays an important role in developing...

02 Nov 2020

How do your clients’ employees return to work successfully after a disability?

By Private: MoneyMarketing

By: Elna van Wyk, National Head of Disability Management and Technical Underwriting at Momentum Corporate We should not underestimate the physical, mental and financial health challenges of overcoming a disability and successfully returning to work, says Elna Van Wyk, National Head of Disability Management and Technical Underwriting at Momentum Corporate. While a speedy and successful...

21 May 2020

A retirement income product opportunity your clients need to consider

By A retirement income product opportunity your clients need to consider

Many soon-to-be retirees are understandably worried. Their retirement plans may be in disarray as they face a serious decrease in the value of their retirement savings, driven by a sharp decline in investment markets due to the impact of the COVID-19 pandemic on the global economy, the oil price shocks and a downgrade to South...

07 May 2020

How to show up for your employees during these challenging times

By Private: MoneyMarketing

No employee is untouched by the impact of measures to contain the COVID-19 pandemic in South Africa. Depending on the nature of the job, some employees are working remotely, others are unable to work at all while those in essential services continue to journey to a workplace. Whatever your employees’ situation, there is a good...

10 Apr 2020

When the going gets tough, farmers are on familiar territory

By Janice Roberts

South African farmers are old hands at adapting to uncertain and daunting circumstances, and our local agricultural industry has proved to be most enterprising in acclimatising to challenges as they arise.

12 Mar 2020

Retirement funds can help to give savings momentum

By Janice Roberts

Government’s attempt in the recent budget speech to encourage South Africans to save more is welcomed. The annual investment limit in Tax Free Savings Accounts was increased from R33 000 to R36 000. However, this move is unlikely to spark any real change in South Africans’ savings behaviour. We are clearly not a nation of savers...

06 Jan 2020

Help retirement fund members to make the right choices at retirement

By Janice Roberts

Financial advisers should consider partnering with a forward-thinking umbrella retirement fund

01 Nov 2019

Lack of financial control affects employees’ mental health

By Janice Roberts

There is increasing evidence that poor financial literacy can have a negative effect on a person’s state of mind, leaving them feeling powerless and unable to deal with sources of financial stress. This adds to the growing impact of other mental health distractors such as depression, burnout and mental exhaustion. The result is disengaged, less...

07 Oct 2019

Pension fund disputes could be caught in ‘perfect circle’

By Janice Roberts

Pension funds involved in disputes could find themselves caught in a ‘perfect circle’ if, aggrieved with a decision of the Pension Funds Adjudicator, they turn to the new Financial Services Tribunal. “The Tribunal has only two courses of action – to send a matter back to the Adjudicator to reconsider or to dismiss it. As...

26 Sep 2019

Raising employee awareness of costs of cancer

By Janice Roberts

The majority of Sanlam’s 2018 disability claims (25%) were for cancer. Additionally, cancer and tumours accounted for 61% of severe illness claims. 80% of severe illness claims for women were for cancer, 31% of which were for breast cancer and 6% for skin cancer. 45% of men’s claims were for cancer, with 33% of these...

23 Sep 2019

AON's Retirement Annuities 101

By Janice Roberts

Ensuring that you are in a good financial position when you decide to retire one day should be a top financial planning priority from the day you start earning an income. There are a number of vehicles in which to invest your retirement savings.

10 Sep 2019

Women’s financial planning challenges often greater

By Janice Roberts

Women typically face a greater retirement savings shortfall than their male counterparts. A longer life expectancy coupled with lower compensation throughout their lifetime creates a larger financial burden over a longer period compared with the needs of male retirees. In addition to earning less, on average, female workers also spend more time out of the...