DR FRANS INDONGO Granted to us by the Frans Indongo Group (Pty) Ltd. And his thoughts on Financial Literacy, Pension Funds & Life Assurance. FOCUSES: Financial Literacy, Pension Funds & Life Assurance 1. How important has financial literacy been in your life? How much has it contributed to your business success? The importance of financial Read more about FINANCIAL FOCUS MR FRANS INDONGO[…]
Insurance is a good way to protect yourself and your loved ones against unex-pected financial and emotional strain. However, there is a difference between a mature policy and an immature policy. Benefits are payable upon the death of the insured or on the maturity date. You may not get the most out of your life Read more about MATURITY VALUES EXPLAINED[…]
NAMFISA (“the Authority”) has been to ensure that these changes are fair to mem – tasked, amongst others, to regulate and se – bers, but that they are compliant with all the cure appropriate levels of protection for ben – provisions of the Act. eficiaries of medical aid funds. This includes conducting an assessment of Read more about MEDICAL AID FUNDS[…]
1. DEFINED CONTRIBUTION FUND: A defined contribution fund is a fund that provides benefits on retirement that are based on the accumu-lated contributions made to the fund by the member, employer (if any), as well as the investment returns earned by these amounts. Expenses incurred in the management and administration of a fund can be Read more about DISTINCTION BETWEEN DEFINED CONTRIBUTION FUNDS & DEFINED BENEFIT FUNDS[…]