Latest News & Developments
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Retired Great North Transport employees demand unpaid pensions in Limpopo protests
Retired employees of Great North Transport and families of deceased workers protest at the Limpopo Premier’s office, demanding unpaid pensions and accountability for a multimillion-rand scandal.
Middle-income earners cash in the most as Alexforbes pays out R4. 8 billion in two-pot claims
Since the implementation of the two-pot retirement system, middle-income earners have made the most claims.
This is how many South Africans tried to withdraw from the two-pot system in the first day
A huge number of people have taken advantage of the ability to withdraw from their savings through the two-pot retirement system.
Alexforbes pays out special dividend after well-executed strategy
Total closing assets under management and administration increased 16% to R525 billion. The growth across various metrics resulted from execution of the strategy, new business wins, the implementation of acquisitions and positive market performance in the current year.
More retirement savings going offshore – survey
Exposure to bonds in SA-focused funds rose in 2023, making up 25. 2% of SA-focused multi-asset portfolios, up from 19. 2% in 2018.
Summit Africa’s co-founder admits to faking qualifications
Summit Africa manages assets worth about R1. 6 billion from clients such as Telkom, Alexforbes and municipal pension funds to name a few.
Two-pot retirement system - Critical information that can help you secure your financial future
Having access to critical information about the two-pot retirement system will give you better control of your retirement savings.
Alexforbes cautions against misinformation on two-port retirement system
Alexforbes supports the two-pot retirement system because of the “positive impact it will have on the financial future of retirement fund members. ”
2024 set to be another year of uncertainty
Alexforbes Investments chief economist Mpho Molopyane says she is cautiously optimistic that central banks will be able to bring inflation back on target without crashing the global economy.
Mpho Molopyane takes reins as chief economist at Alexforbes
Alexforbes said she brought with her a wealth of experience and expertise acquired through her extensive career in both the finance and public sectors.
Financial planning 101: Six tips to help you start your financial plan for the new year
Instead of thinking of financial planning as a daunting task, you should think of financial planning as a journey that can secure your financial future.
Scores of GNT workers still have not received pension payouts after 18 years
The struggling victims have allegedly been swindled out of about R300 million of their pension benefits by the bus company operating under the auspices of the Limpopo government
Moonlighting led to lecturer getting booted
Aggrieved with this finding, Viklakazi now turned to the Labour Court in Johannesburg, where she asked that the CCMA’s findings be overturned.
Alexander Forbes expects to report good interim earnings growth
Alexander Forbes Group Holdings said yesterday it anticipates ‘pleasing growth’ for the six months to September from its continuing operations.
Book Review: The Ultimate Guide to Retirement
Former Personal Finance Editor Bruce Cameron and former Financial Planning Institute of Southern Africa’s (FPI) Financial Planner of the Year, Wouter Fourie, have released the third edition of their book: The Ultimate Guide to Retirement in South Africa.
Listen: The two-pot pension system was delayed by a year. But what else changed?
Last week National Treasury announced that it was postponing the the implementation of the proposed two-pot pension fund system by a year, following public consultations in September regarding the proposed system. Initiation is now set for 1 March 2025.
Adjudicator finds Alexander Forbes erred in calculating pension fund benefits
An Alexander Forbes retirement fund’s decision to allocate a death benefit has been set aside by the Pension Funds Adjudicator because the administrator had failed to conduct thorough investigations and instead relied on a benefits calculator to tell them what to do.
Words on Wealth: Retiring comfortably: a luxury for the few?
A new retirement survey, the inaugural FNB Retirement Insights Survey, released last week, underlines once again the fact that the vast majority of South Africans will not be able to afford to retire comfortably when they reach retirement age.
SIU freezes former Lepelle Northern Water official’s R10m pension fund
The former General Manager of Operations at Lepelle Northern Water, Carel Schmahl, has had his R10million pension fund frozen.
Alexforbes predicts healthy rise in annual headline earnings
Alexander Forbes Group Holdings’ headline earnings per share of its continuing businesses were expected to increase between 20% and 30% in the 12 months to March 31, from 37. 2 cents last year, the financial services group said in a trading statement yesterday.
Alexforbes acquires stake in independent group risk insurer TSA Administration
Alexforbes would initially acquire 60% of TSA, with the option to acquire the remaining 40% over five years.
The cost of dying - the funeral and wind up of your estate could cost thousands of rands
Opinion: The cost of dying and winding up your estate will reduce the inheritance your loved ones receive, writes Christel Botha.
Ruan Jooste’s Rants and Cents: World events affect the value of our retirement savings
South Africa is also going through its most significant retirement reform in history.
Mminele to become chairperson of Nedbank
He succeeds Nedbank’s current chairperson, Mpho Makwana, who is also the acting chairperson of Eskom.
Nedbank appoints former SARB deputy governor as an independent non-executive director
He will succeed Nedbank chairperson Mpho Makwana, who is also the acting chairman of Eskom.