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When to annuitise – that is the question

Compiled by: Samkelo Zwane (Solutions Specialist: Glacier by Sanlam) and Danelle Van Heerde (Solutions Actuary: Sanlam Personal Finance)

Whilst working, one of your biggest worries is whether you are saving enough for your retirement. When you retire you will be faced with different needs than those you faced before retirement. Your income stream will also differ from the income stream you had pre-retirement. Your medical expenses will be higher, you stop contributions into a pension fund, you have to pay off your mortgage and you still need to have some money to travel and buy monthly groceries. These needs will differ from one individual to the next.

At retirement, you firstly have to decide on the retirement vehicle which will best suit your needs. Your options include: a guaranteed annuity (level, increasing or inflation linked) or an investment-linked living annuity (ILLA) or a combination of these…

Make a difference through service excellence (1)
Provided by Cobalt Solutions for Business Owners by Sanlam Service standards in South Africa, on the whole, leave much to be desired. That is why we decided to focus our Cobalt Business Tips this year on the rendering of service, with the subject. “Make a difference through service excellence” The theme for this edition is: How do I link my value proposition to service excellence? In order to effect any meaningful interaction between the value proposition of my business and service excellence, I need to know what my “forms of value” and “knowledge of the service experience of my client” are… Read More
21st February 2011
Risk and life insurance – a necessary evil or an investment in peace of mind?
By: Patrick Sheehy, Head of Product Management, Glacier by Sanlam “Life insurance is an investment in your family’s future financial security, and should not be seen as a grudge purchase,” says Patrick Sheehy, Head of Product Management at Glacier by Sanlam. A family needs to know that its finances will be sufficient to maintain its standard of living in the event of the death, critical illness or disability of the main breadwinner. Life cover The purpose of life cover is to protect the financial well-being of your family in the event of your death… Read More
23rd February 2011
Buy and sell agreements – CGT implications you may not be aware of
By Tiny Carroll, estate planner, Glacier by Sanlam We regularly receive business assurance related queries and we have noticed that some of the capital gains tax (CGT) implications of buy and sell agreements are not well understood. What is a buy and sell arrangement? To avoid confusing terminology, the example used here will deal with co-shareholders of a private company. The same reasoning can be applied to the partners in a partnership or members of a close corporation. By way of an example, Paul and Mary are equal co-shareholders in PM (Pty) Ltd… Read More
21st February 2011
Higher oil price a headwind for the global economy
According to Paul Stewart, managing director of Plexus Asset Management, the price increase can be ascribed to a number of factors. “Besides the steady improvement in the global economy that has led to increased demand, the most recent spike was caused by the turmoil in North Africa with Egyptian president Mubarak refusing at first to step down and causing 18 days of violent protests,” says Stewart. “Economies across the globe are starting to feel the pressure of the higher oil price seeping through to their respective inflation-targeting measures… Read More
21st February 2011

When to annuitise – that is the question

Make a difference through service excellence (1)

21st February 2011

Risk and life insurance – a necessary evil or an investment in peace of mind?

23rd February 2011

Buy and sell agreements – CGT implications you may not be aware of

21st February 2011

Higher oil price a headwind for the global economy

21st February 2011

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