What Values we can Add and what Actions we will Commit to:
Our objective is to provide a value-added service to all our clients.
As an independent FAIS accredited Employee Benefit specialist with good working relationships with all the leading service providers, we are able to identify the best product fit-to meet your needs.
With our market knowledge we are able to review the existing benefits and keep you abreast of market trends and any product enhancements.
In addition to pro-active consultation, providing advice and managing your fund we also:
Scrutinise and negotiate possible future increases and rate reviews which have been tested against market trends and competition.
- Review selected investment portfolios with investment risk profiles in order to ensure that it is appropriate and in accordance with the agreed investment strategy.
- Report
- Analyse and ensure sufficient contributions are made towards retirement funding for staff, increasing the chances of a reasonable retirement.
- Provide pro-active member communication, education, support and advice – particularly at withdrawal or retirement.
- Provide a single point of contact which ensures easy administration and service.
- Have influence over service providers and an insight into fund administration and its complexities.
- Secure the best possible benefits and cost utilization.
Presently we consult to 95 separate participatory employer groups countrywide with funds across Liberty, Old Mutual, Sanlam, Momentum and TSA.
We comply to the requirements of “Good Governance” which dictates separating the functions of the administrator, trustees, risk provider and pension consultant.
During consultation we will focus on the following key areas:
- Cost efficiency: We aim to introduce affordable structures both to the employer and employee yet build a strategy to maximise the benefit of being a group. (Economies of scale)
- Benefit design and structure:
- Benefits that can include group life cover and “group rates” determined by a multiple of salary. The provision of Income disability benefit. Consideration of Funeral benefit and Dread Disease cover.
- Tax structuring: Retirement fund and risk benefits should utilise the tax concessions available.
- Legal compliance: We communicate relevant legal and operational requirements to ensure that your fund is legally compliant at all times.
- Investment structuring: We will advise on appropriate investment strategy and portfolios based on risk profiled groupings. Review of fees charged e.g. Sliding scale for fees on assets
- Administration and service: Streamlined administration and online access to relevant information.
- Communication: We provide explanatory booklets for staff as well as staff presentations as the need arises. PF 130 compliance.