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[…]
The Financial Literacy Initiative is a national platform to enhance financial education and comprises over 40 platform partners from the financial sector. W SE Every month, the Financial Literacy Initiative offers you useful and valuable tips and information on financial matters for businesses. THIS MONTH: MANAGING YOUR CASH FLOW WHAT IS CASH FLOW? Cash flow Read more about MANAGING YOUR CASH FLOW[…]
“THE NUMBER ONE PROBLEM WITH TODAY’S GENERATION AND ECONOMY IS THE LACK OF FINANCIAL LITERACY” Alan Greenspan said those words and is the reason the national Financial Literacy Initiative was estab-lished – to eliminate this problem. The Initiative has been busy with activities to edu-cate the nation at large. Since its first year celebration on Read more about SME AS THE FOCUS FOR FINANCIAL LITERACY INITIATIVE[…]