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Cassper Nyovest talks financial freedom

19 August 2016

What sounds better; being rich or being wealthy and do you know the difference? “Wealth is a personal interpretation - it depends on where you start. The benefactor of generational wealth accumulation would have a different view of wealth compared to those who build it from scratch. Wealth is about accomplishing the financial and personal goals you set for yourself – it’s about having a fulfilled life. Being rich on the other hand is only based on how much money you have,” says Cora Fernandez, Chief Executive at Sanlam Investment, institutional business.

Retirement reform & a lack of effective communication

19 August 2016

As a member of the millennial generation myself and having had a fair amount of exposure to the retirement fund industry as an employee benefits consultant thus far, one thing has always been abundantly clear - this is an industry full of unnecessarily over-complicated jargon. Those who do not understand it tend not to ask questions and hope that their Trustees/Management Committee is doing what is best with their monthly retirement fund contributions.

The best ways to secure your financial freedom

18 August 2016

In order to secure your financial freedom you need financial back-up. If you have a way to pay for any unexpected expense that comes your way, be it a repayment on a vehicle or the ability to pay cash for the excess when the geyser goes, having the money available helps to give you total peace of mind.

Risk profiling - important and useful

18 August 2016

Risk profiling is a topic that raises many hackles in the financial planning industry but, used properly, it can be an effective client-engagement tool and can materially advance Treat Customers Fairly objectives.

quick poll

Question

What do you believe will be the biggest challenge when the COFI framework is finally implemented?

Answer

The cost and complexity of relicensing Demonstrating customer outcomes through data and reporting Embedding a customer-first culture across the business Aligning existing compliance frameworks with COFI requirements

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