Rooted in employee benefits solutions

An Authorised Financial Services Provider

Targeted benefits

Default benefit strategy

Guided member support

Rooted in employee benefits solutions

An Authorised Financial Services Provider

Horsepower What is the horsepower of your fund?

Rooted in employee benefits solutions

An Authorised Financial Services Provider

NRRC AND COST COMPARISON REPORT

horsepower report

FUND MANAGEMENT FEE

ASSET MANAGEMENT FEE

• administration fee / minimum fees / annual fees /

transaction fees / asset based administration fees

• actuarial fees

CONSULTING FEES

OPERATIONAL COSTS

• contingency reserve fee

Rooted in employee benefits solutions

An Authorised Financial Services Provider

COST OF LARGE STAND-ALONE VS. UMBRELLA FUNDS

Rooted in employee benefits solutions

An Authorised Financial Services Provider

FEES PAYABLE BY MEMBERS

Rooted in employee benefits solutions

An Authorised Financial Services Provider

FEES PAYABLE BY MEMBERS

salaryp.m.

fundcredit

fundmanagement fee

asset basedadmin fee

asset managementfees

totalmonthlycharges

contingencyreserve

% ofsalary

salaryp.m.

fundcredit

fundmanagement fee

asset basedadmin fee

asset managementfees

totalmonthlycharges

contingencyreserve

% ofsalary

Rooted in employee benefits solutions

An Authorised Financial Services Provider

FUND MANAGEMENT COSTS LEVIED AS % OF SALARY

Rooted in employee benefits solutions

An Authorised Financial Services Provider

FUND MANAGEMENT COSTS LEVIED AS % OF SALARY

Rooted in employee benefits solutions

An Authorised Financial Services Provider

NET REPLACEMENT RATIO

Rooted in employee benefits solutions

An Authorised Financial Services Provider

NET REPLACEMENT RATIO

Rooted in employee benefits solutions

An Authorised Financial Services Provider

STAND-ALONE VERSUS UMBRELLA

Rooted in employee benefits solutions

An Authorised Financial Services Provider

STAND-ALONE VERSUS UMBRELLA

Rooted in employee benefits solutions

An Authorised Financial Services Provider

Defined Contribution Funds

FLAWED?

Rooted in employee benefits solutions

An Authorised Financial Services Provider

INCREASE PENSIONS PAYABLE

introduce synergiesinstitutionally priced defaultsseamless transfers

DECREASE COSTS

remove inefficienciesretail elements that does not serve members

Rooted in employee benefits solutions

An Authorised Financial Services Provider

PRESERVATION

need legislative framework to facilitate

these national priorities

Rooted in employee benefits solutions

An Authorised Financial Services Provider

COST EFFICIENCY = KEY CRITERIA

stakeholders need to

honour and respect this

new legislation assessed

- cost benefit analysis

Rooted in employee benefits solutions

An Authorised Financial Services Provider

Should someone not be responsible … ?

Rooted in employee benefits solutions

An Authorised Financial Services Provider

EMPLOYERS RECLAIM LEADERSHIP POSITION : UMBRELLA OR STAND-ALONE

Rooted in employee benefits solutions

An Authorised Financial Services Provider

HOW EFFICIENT IS MY FUND?

DOES IT GIVE MEMBERS THE INSIDE TRACK TO A

DIGNIFIED RETIREMENT?

Thank you

Making retirement savings “profitable”

Kobus Hanekom