Momentum announced the launch of their new generation savings offering called "My Savings Portfolio" during the DNA of financial wellness partnership forum that is taking place at Gallagher Estate in Midrand.
Multiply, as the wellness and rewards programme that is part of Momentum's array of product offerings was profiled extensively during the national roadshows themed the "DNA of financial wellness forums". These DNA forums kicked-off in Polokwane on 21 July 2014.
Momentum Wealth, as part of the recent Momentum DNA of financial wellness partnership forums that kicked-off on 21 July in Polokwane, shared their unique methodology regarding investment growth and protection strategies.
During the recent Momentum DNA of financial wellness partnership forums that kicked-off on 21 July 2014 in Polokwane, Momentum Financial Planning was profiled extensively on the basis of their unique approach to investment and risk.
Momentum has embarked on a nation-wide journey to showcase their entire product range and more importantly to engage with intermediaries in addition to sharing the numerous product value propositions. The various DNA forums are hosted in most metropolitan areas and commence today in Polokwane and will conclude in Mbombela on 21 August2014.
The list of excuses we can come up with for not saving are endless, but who are we kidding? We are not making these excuses to get ourselves off the hook for an indiscretion. There is no teacher, boss or official standing over us with an ugly consequence at the end of a stick.
There are many pitfalls to not saving effectively for retirement. Far too many retirees run out of money while others face a year-on-year decline in their standard of living as inflation and poor investment returns erode their income.
The insurance industry reckons much consumer education is needed so that people keep paying into disability and income-protection policies, as Elna van Wyk of Momentum Employee Benefits highlights here. It is concerned that the removal of a tax deduction on income-protection premiums will make these products less attractive.
Far too many retirees run out of money while others face a year-on-year decline in their standard of living as inflation and poor investment returns erode their income.
Only 6% of South Africans have enough savings to retire comfortably. As you start your first job, retiring is probably the last thing on your mind. Yet many issues facing the retirement industry stem from poor decisions made now.
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