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South Africans facing retrenchment should be extremely cautious in how they approach their finances and should obtain professional advice, as their decisions can impact their ability to survive the financial strain of unemployment or forced early retirement.
A leading provider of beneficiary funds has described as “disappointing” a recent amendment to the Pension Funds Act that allows unresolved death benefits older than 24 months to be paid into an unclaimed benefits fund.
Individuals are living much longer compared to 50 years ago. While this milestone is widely celebrated, the personal, societal and economic effects of living longer are often ignored.
With festive season holidays and the New Year nearing, finances are always top of mind given that this time of year is synonymous with frivolous spending and increased debt. Unfortunately, during this period, many South Africans are likely to increase credit limits, pushing debt levels further into the red.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?