Savings & Investments

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Saving in a rising interest rate environment: Ensure you account for inflation

16 September 2015

The South African Reserve bank recently announced an interest rate increase from 5.75% to 6% - prompting many to say that the country is entering a rising interest rate cycle. In addition, it was recently reported that SA’s inflation rate has increased from 4.75% last year to 5% in July – this figure is expected to increase in the coming months.

SMES have the opportunity to promote a savings culture in SA

21 August 2015

Over half of staff (54%) employed by small and medium enterprises (SMEs) are not adequately prepared for retirement, and most do not feel they are in a better position than a year ago. Those who have to rely on others to survive financially post-retirement stated they will rely on Government (26%), family (26%), or a combination of the two (16%).

Women in retirement: how should you be preparing?

18 August 2015

There are some fundamental differences between men and women that can impact on retirement savings. For example, on average, women live seven years longer than men, which means that they are more likely to outlive their retirement savings. Women also tend to spend fewer years in the workforce and experience more career interruptions due to factors like maternity leave and being primary caregivers.

University fees - Will you be ready?

04 August 2015

While university qualifications can be powerful tools for enhanced career growth and earning potential, education comes at a significant and ever-increasing cost. According to an analysis done by PPS Investments, if your child was born this year, by the time they reach the age of 18, university fees for an average four-year qualification could be as much as R1.2 million.

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Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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