rooted in employee benefits solutions
DESCRIPTION
Targeted benefits Default benefit strategy Guided member support. Rooted in employee benefits solutions. An Authorised Financial Services Provider. Horsepower What is the horsepower of your fund?. Rooted in employee benefits solutions. An Authorised Financial Services Provider. - PowerPoint PPT PresentationTRANSCRIPT
Rooted in employee benefits solutions
An Authorised Financial Services Provider
Targeted benefits
Default benefit strategy
Guided member support
Rooted in employee benefits solutions
An Authorised Financial Services Provider
Horsepower What is the horsepower of your fund?
Rooted in employee benefits solutions
An Authorised Financial Services Provider
NRRC AND COST COMPARISON REPORT
horsepower report
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
Rooted in employee benefits solutions
An Authorised Financial Services Provider
COST OF LARGE STAND-ALONE VS. UMBRELLA FUNDS
Rooted in employee benefits solutions
An Authorised Financial Services Provider
FEES PAYABLE BY MEMBERS
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
Rooted in employee benefits solutions
An Authorised Financial Services Provider
FUND MANAGEMENT COSTS LEVIED AS % OF SALARY
Rooted in employee benefits solutions
An Authorised Financial Services Provider
FUND MANAGEMENT COSTS LEVIED AS % OF SALARY
Rooted in employee benefits solutions
An Authorised Financial Services Provider
NET REPLACEMENT RATIO
Rooted in employee benefits solutions
An Authorised Financial Services Provider
NET REPLACEMENT RATIO
Rooted in employee benefits solutions
An Authorised Financial Services Provider
STAND-ALONE VERSUS UMBRELLA
Rooted in employee benefits solutions
An Authorised Financial Services Provider
STAND-ALONE VERSUS UMBRELLA
Rooted in employee benefits solutions
An Authorised Financial Services Provider
Defined Contribution Funds
FLAWED?
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
Rooted in employee benefits solutions
An Authorised Financial Services Provider
PRESERVATION
need legislative framework to facilitate
these national priorities
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
Rooted in employee benefits solutions
An Authorised Financial Services Provider
Should someone not be responsible … ?
Rooted in employee benefits solutions
An Authorised Financial Services Provider
EMPLOYERS RECLAIM LEADERSHIP POSITION : UMBRELLA OR STAND-ALONE
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?
Thank you
Making retirement savings “profitable”
Kobus Hanekom