Tag Archivespensions

wageincreases

Take-home salaries in March reach higher levels

BankservAfrica’s latest data shows marked improvement in March’s salaries – and pension levels.  For the first time in 10 months, March reflected a real-take home salary increase above the rate of inflation, according to BankservAfrica’s Disposable Salary Index (BDSI). This is also the strongest increase in take-home pay after inflation in 18 months. (more…)

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pensionfile

Comprehensive social security discussion paper released at Nedlac

Last week, the government released the much-anticipated consolidated document on comprehensive social security reform. (more…)

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Mark Fawcett

How auto-enrolment and behavioural finance work together

It is well established that most human beings are not rational in their thinking, which is why behavioural finance experts have had to think of fresh ways to incentivise people whose attitudes towards money and savings work against their best interests. (more…)

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pensionfile

‘Domestic economy kept alive by pension increases’

Pensions continue to drive the South African economy while the downward trend for salaries persists, this according to BankservAfrica’s latest Disposable Salary (BDSI) and Private Pension (BPPI) indices. (more…)

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simplepensionf

Is your pension fund talking to you?

A research study commissioned earlier this year by the Institute of Retirement Funds Africa (IRFA), has yielded important findings in terms of the retirement industry’s rating of itself in terms of Pension and Provident Fund governance and stakeholder engagement. The study has also assisted in defining perceived best practices in the industry in terms of […]

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Kobus Hanekom

Pension fund auto-enrolment: how will it affect us in South Africa?

In his 2016 budget speech, the Minister of Finance said that despite the postponement of annuitisation for provident funds, government remains committed to its retirement reform objectives as announced in the 2014 Budget update on retirement reforms. Kobus Hanekom, Head: Strategy, Governance and Compliance at Simeka Consultants (Sanlam’s Consulting And Actuarial Services division), talks about […]

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pensionfile

Pensions show ‘remarkable resilience’ in a weaker economy

Pensions in South Africa are increasing at faster rates than take-home salaries, according to the latest BankservAfrica Disposable Salary Index-BankservAfrica Pension Payment Index (BDSI-BPPI) report for June 2016. (more…)

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solidarity

Solidarity launches class action against the GEPF

At a press conference today, trade union Solidarity announced that it served court papers on the Government Employees Pension Fund (GEPF) at the High Court. (more…)

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