2024 is a big year on the election front, with democracy taking center stage. With more than half of the world's population heading to the polls, it’s understandable that investors are feeling a sense of unease. Elections tend to bring up a lot of emotion, introduce uncertainty and prompt investors to brace for some market volatility. Couple this with the geopolitical tension that is already persistent.
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Morningstar SA Managed Portfolios Morningstar Global Managed Portfolios (USD) Market Commentary - SA and Global Market Performance Summary - SA and Global Navigating the complexities of gap cover can be challenging, especially when it comes to understanding what is and isn't covered. To help clarify, here is a detailed breakdown of exclusions and limitations you should be aware of: General Exclusions 1. Services not covered by medical aid: Any service, treatment, or procedure that your medical scheme does not cover, explicitly excludes, or has not authorized in advance will not be paid for. 2. Non-Paid Portions: Services or treatments where the medical scheme does not cover any portion. Emergency Room, Hospital Account Shortfalls, Trauma, Counsell Preventive Care (Extra benefits), Value-Added Benefits. 3. Specific Exclusions:
6. Small Claims: Any claim amounting to less than R100 will not be processed or reimbursed. Understanding these exclusions is crucial for managing your gap cover expectations and financial planning. Always review your gap cover policies and benefits thoroughly to ensure you are aware of what is covered and what you might need to budget for out-of-pocket. If you have any doubts or require further clarification, contact our Health department email: service@daberistic.com tel: (011)658-1333 As you approach retirement age, you will be looking to your financial advisor to guide you in selecting the right retirement income solution to provide a sustainable income for the rest of your life. Life or Living Annuity? Living annuities allow you to retain full control over your retirement capital: You can control your investment allocation, change your income drawdown annually (within a legislated range), and leave any remaining capital to your appointed beneficiaries upon your death. You will also need to manage the risks that come with this control by choosing an appropriate investment allocation and a suitably prudent income drawdown. Life annuities (or fixed annuities) allow you to receive a guaranteed income for life, with an insurer taking on some or all of the risks that you live longer than expected or returns are lower than required. You pass control of your retirement capital to the insurer, and typically, there will be lower or no capital for beneficiaries upon your death. You can add a guarantee option of 10 or 20 years to ensure income for your beneficiaries after you death for the remainder of the guaranteed period. Determining Income Drawdowns for Living Annuities The general rule of thumb for individuals retiring at around 60 to 65 years of age and drawing income from a living annuity suggests that you withdraw 4% of your capital in the first year of retirement and adjust for inflation only each year thereafter. This is based on investing and maintaining at least 50% in equities, which has been needed to sustain this income over 30 plus years in retirement. Ready to Plan Your Retirement Income Strategy? Speak to your financial advisor today to discuss your retirement goals and find the best income solution tailored to your needs. Your advisor can help you navigate the options and make informed decisions to secure a comfortable and sustainable retirement. Email service@daberistic.com or schedule a meeting with Kevin using this link: calendly.com/daberistic/60min In South Africa, providing adequate healthcare benefits for employees is crucial for small businesses to attract and retain talent. With numerous medical aid options available, selecting the right one can be overwhelming. However, by considering key factors and understanding the needs of your employees, you can make an informed decision that benefits both your business and your staff. How Medical Aid Affects Employee Satisfaction: Employee satisfaction often hinges on the benefits extended by an employer, with medical aid typically ranking among the most crucial offerings. A robust medical aid package not only demonstrates the employer's commitment to their staff's well-being but also fosters a sense of value and support, thereby enhancing job satisfaction. Moreover, such comprehensive medical aid plans provide employees with a sense of security, knowing that they and their families are safeguarded in times of illness or emergencies. This assurance alleviates concerns about healthcare expenses, allowing employees to concentrate fully on their work. Consequently, a workforce free from the burden of healthcare costs tends to be more focused, productive, and engaged, ultimately contributing to a motivated and high-performing team. The Role of Medical Aid in Employee Retention: Research indicates that employees are more inclined to stay with employers that provide comprehensive healthcare benefits. Retaining experienced staff not only mitigates the need for frequent recruitment, thus saving on associated costs, but also fosters a more stable and productive work environment. Here is a comprehensive guide to help you navigate the process of choosing medical aid for your small business in South Africa.
If you need advice and guidance and choosing an option for your workforce, please contact Lebogang in our Health department, email Service@daberistic.com, Tel 011-658 1333, option 2 for Medical Aid. Outsourcing investment management has become very popular among financial advisers for several reasons. Although the adoption of a DFM in your practice can significantly free up your time, add value to your clients and assist with the future growth of your business, partnering with the right DFM for your business is a crucial decision.What are the key elements to consider when choosing an investment partner for your business? Winter is around the corner and while it may give rise to cosy nights by the fireplace, it also brings its fair share of pitfalls which, if not adequately managed, can potentially lead to financial loss. Two of the most common threats that insurers highlight over the winter season are inclement weather activity, such as storms and flooding – particularly in the southern parts of the country, as well as electrical fires caused by heaters. Winter comes with an increased reliance on electric appliances to bring warmth to our homes, this too comes with a certain level of risk of fires. Both of these have the potential to damage assets, such as homes and vehicles, as well as other goods. Marius Kemp Head: Personal Underwriting at Santam says that prioritising the protection of your home and valuables against winter-related risks is essential. “Now is the time to assess your property's vulnerability and take steps to minimise the impact of seasonal changes. Making these updates and adjustments now can help prevent serious damage in the long run, which may set you back financially.” Kemp shares a comprehensive guide below offering proactive measures to safeguard homes and possessions against potential damage. To mitigate the risk of weather-related damage, Marius Kemp shares the below tips:
As we rely more on electric appliances during the winter months, the risk of residential fires increases. Kemp advises:
For all queries on your Shortterm policy contact Ruva: email service@daberistic.com, tel: (011)658-1333 |
AuthorKevin Yeh Archives
January 2025
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