I have been in the financial services industry for a number of years now, and have encountered many different people, from all walks of life. Naturally, I have a few tales to tell. One particular encounter will remain with me forever. It was not a happy one.
At a recent conference for self-employed accountants, someone asked, “Can you afford to live to 100?” Immediately they began looking up life expectancy figures, and concluded that the question was moot. What they did not understand is that life expectancy is increasing and in about ten years, the age in question may very well be 110.
For instance, if a short-term insurer promises the cheapest rates for cover, clients could be tempted to sign up without realising why their premiums are lower. Continue reading “Cheaper is not always better”
The South African Qualifications Authority (SAQA) is the official body that oversees the
development of the National Qualification Framework (NQF) in South Africa. The NQF is the system we use to determine different levels of academic achievement.
Registered training institutions offer programmes that provide specific, quality outcomes. Doing a registered course also means that your qualification will be recognized by employers, in South Africa as well as other countries. Continue reading “When education is a waste of time”
When it comes to retirement planning, the focus usually centres on savings and the accumulation of assets. The assumption is that when you plan for retirement, your only
concern should be replacing your salary with a pension.
I think there are five equally important challenges to consider:
In our country, financial planning is seen as gender neutral. The reality is that men and women are often not on an equal playing field and this approach can have serious consequences.
Generally, women live longer than men. This means the effects of inflation have a bigger impact on their retirement income, which is particularly concerning because women do not always earn the same as their male counterparts, which effects the amount of savings they are able to accumulate. Continue reading “One size does not fit all”