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Teaching kids some basic financial principles should ideally form part of their upbringing. Short-term insurance is key among them, since it provides an important safety net that helps to secure your long-term well-being.
The fallout from COVID-19 is disrupting most sectors and the retirement fund industry is no exception. While the default regulations were implemented to improve South Africans’ dismal retirement outcomes, Poobalan Govender, Manager for Income Solutions at Momentum Corporate, says trustees need to re-evaluate default strategies in a COVID-19 battered landscape.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?