Rooted in employee benefits solutions
description
Transcript of Rooted in employee benefits solutions
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
Targeted benefits
Default benefit strategy
Guided member support
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
Horsepower What is the horsepower of your fund?
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
NRRC AND COST COMPARISON REPORT
horsepower report
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FUND MANAGEMENT FEE
ASSET MANAGEMENT FEE
• administration fee / minimum fees / annual fees /
transaction fees / asset based administration fees
• actuarial fees
CONSULTING FEES
OPERATIONAL COSTS
• contingency reserve fee
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
COST OF LARGE STAND-ALONE VS. UMBRELLA FUNDS
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
FEES PAYABLE BY MEMBERS
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
FEES PAYABLE BY MEMBERS
salaryp.m.
fundcredit
fundmanagement fee
asset basedadmin fee
asset managementfees
totalmonthlycharges
contingencyreserve
% ofsalary
salaryp.m.
fundcredit
fundmanagement fee
asset basedadmin fee
asset managementfees
totalmonthlycharges
contingencyreserve
% ofsalary
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
FUND MANAGEMENT COSTS LEVIED AS % OF SALARY
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
FUND MANAGEMENT COSTS LEVIED AS % OF SALARY
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
NET REPLACEMENT RATIO
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
NET REPLACEMENT RATIO
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
STAND-ALONE VERSUS UMBRELLA
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
STAND-ALONE VERSUS UMBRELLA
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
Defined Contribution Funds
FLAWED?
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
INCREASE PENSIONS PAYABLE
introduce synergiesinstitutionally priced defaultsseamless transfers
DECREASE COSTS
remove inefficienciesretail elements that does not serve members
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
PRESERVATION
need legislative framework to facilitate
these national priorities
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
COST EFFICIENCY = KEY CRITERIA
stakeholders need to
honour and respect this
new legislation assessed
- cost benefit analysis
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
Should someone not be responsible … ?
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
EMPLOYERS RECLAIM LEADERSHIP POSITION : UMBRELLA OR STAND-ALONE
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Rooted in employee benefits solutions
An Authorised Financial Services Provider
HOW EFFICIENT IS MY FUND?
DOES IT GIVE MEMBERS THE INSIDE TRACK TO A
DIGNIFIED RETIREMENT?
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Thank you
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Making retirement savings “profitable”
Kobus Hanekom