You don’t need a financial planning tool to tell you the best time to start saving for retirement – it’s TODAY!
The tip comes from the South African Savings Institute (SASI) as National Savings Month comes to an end, savings awareness ticks higher and South Africans realise they are not saving nearly enough.
The challenge for many people is the lack of long-term savings, specifically for retirement, says SASI chief executive officer Elizabeth Lwanga-Nanziri.
She says some wealth management experts estimate that only 3% of South Africans will be financial independent on retirement – a big concern for the remaining 97%.
(more…)
Tagged: financial planning, SASI, Savings, South African Savings Institut August 30, 2010
PSG Konsult, the independent financial services company, has announced the acquisition of the short-term insurance brokerage and administration platform, Diagonal Insurance. The transaction is effective from 1September 2010.
Diagonal Insurance is a well established short term insurance brokerage, with former Springbok rugby player Ockie Oosthuizen and his family as shareholders, who will be leaving the industry to pursue their own interests.
(more…)
Tagged: Diagonal Insurance, Insurance, PSG Konsult August 30, 2010
For long-term success our soccer players must work on a new skill-set … saving their money.
The life-skills coaching tip comes from FIFA World Cup ambassador and former Bafana Bafana superstar, Mark Fish.
During National Savings Month, the goal-conscious sporting great has teamed up with the South African Savings Institute (SASI) to communicate a savings and financial planning message to current players.
“Your big-money years can be over in an instant,” says The Big Fish. “So plan for the future and learn to save.”
Fish says he began planning to secure his long-term future back in 1997 when a knee injury threatened his career. During rehabilitation he looked at the prospect of life without soccer and began making financial provision.
The central defender enjoyed spells at Jomo Cosmos and Pirates before moving to two of the world’s most financially rewarding markets – Italy (with Lazio) and England (with Bolton and Charlton).
Injury eventually brought his career to an end, but by then it was 2006 and prudent provision had been made. Today, Fish has interests in several companies.
(more…)
Tagged: investments, Mark Fish, Savings, Savings Month August 23, 2010
More than 40 million South Africans are now mobile phone users, and most are becoming increasingly comfortable with a wide range of functionality that phones enable. One such capability is the ability to have an interactive relationship in real-time with a financial institution.
In line with this trend, STANLIB today launched “STANLIB Mobile”, an application which will enable all clients and intermediaries with the ability to view their full investment portfolio (unit trusts, linked investments, retirement portfolios and offshore investments) via their cellphone.
(more…)
Tagged: investing, Liberty, mobile phone, Mobile Solution, Savings, Stanlib August 19, 2010
While South Africa’s financial institutions compete against each other on a daily basis in the stock market and on the performance of their funds, South Africans are now being given the opportunity to witness some of these household names battle against each other on a level playing field.
The Sanlam Investment Management (SIM) SA Challenge, the annual team development event now in its third successive year, will see the likes of, Old Mutual, Prescient, Liberty and Santam, pitted against each other in a bid to determine who is the fittest and most strategic of them all.
(more…)
August 5, 2010
Alexander Forbes Risk Services’ redCarpet Supportal platform now allows business owners to manage their insurance portfolios, put together and buy an entire insurance policy themselves over the net.
“We are the first broker in South Africa to have taken our policy production and sales process online. New and future buyers of insurance will benefit by having more direct control over their business insurance portfolios” says Andrew Panzera, Executive Leader Operations, Alexander Forbes Risk Services.
2010 sees Alexander Forbes Risk Services take redCarpet Supportal, the self-managed business insurance portal to new heights by adding new functionalities to its existing platform.
(more…)
Tagged: Alexander Forbes, Insurance, online transacting, redCarpet Supportal, Risk August 5, 2010
Grindrod Asset Management has been appointed to manage the Nedgroup Investments Property Fund, the latest offering in the Nedgroup Investments Best of Breed stable, which launches on 30 July 2010. The highly successful Best of Breed approach is based on the premise that good managers do exist and that Nedgroup’s in-depth analysis of investment managers through various market cycles helps them to reveal those with genuine talent. Their disciplined and rigorous approach to manager selection is aimed at identifying and selecting outstanding managers who are experts in their field of specialisation. The acclaimed Best of Breed strategy saw Nedgroup Investments being awarded the prestigious Morningstar “Best Large Fund House” award for 2010.
(more…)
Tagged: asset management, Grindrod, Investment, Nedgroup Investments, Property Fund August 5, 2010
Sanlam iTrade has launched a new offering which gives South Africa’s online traders access to foreign listed instruments on 16 global stock exchanges. It will allow investors to easily diversify their portfolio to markets outside South Africa and give access to some of the most traded companies globally – including Microsoft and Intel.
According to Gerhard Lampen, head of Sanlam’s online trading platform, Sanlam iTrade now offers one of the most advanced trading platforms available. “Clients will be able to trade shares, currencies, commodities and exchange-traded funds, among other instruments. The New York Stock Exchange, London Stock Exchange and Australian Stock Exchange are among the 16 exchanges now available to equity traders.”
(more…)
Tagged: Equity, Investment, iTrade, online trading, Sanlam, share trading, Shares, stockbrokerage, Stockmarket July 27, 2010
The government’s plans to make third party vehicle insurance compulsory for all South African drivers is likely to lead to a reduction in motor insurance premiums for those motorists who are already paying to insure their vehicles.
According to Leigh Friend, Johannesburg Regional Manager for MUA Insurance – the executive home and motor insurer – the fact that more vehicles will be insured means that there will be a bigger premium pot for insurers. “Ultimately what this means is that lower premiums will be passed on to consumers, as the losses of the few will be compensated by the contributions of the many.”
(more…)
Tagged: insuring your car, Motor insurance, MUA Insurance, SAIA, traffic fines, vehicle insurance July 20, 2010
Previous Posts
