Shaping employee benefits

Fund Name Absa MM - A ACI MM - A1 Afena MM Pres. - A1 Allan Gray MM - A Ashburton MM - B1 BCI MM - A Cadiz MM - A Cannon MM H4 - A Cartesian BCI MM - A Citadel SA MM H4 - B Coronation MM - A TER 0.58 0.36 0.19 0.29 0.36 0.36

0.3

0.34 0.56 0.29

HY 6.59

7.13 6.24 6.92 6.81 6.92 6.86

6.32 6.83

6.9 EAY 7.33 7.82 7.09

7.8 7.96 8.22

7.8 7.55 7.37 7.53 7.77 Discovery MM - A Fairtree MM Pres. - A1 Glacier MM - A Granate SCI MM - A Gryphon MM - A Hollard Prime MM - B Investec MM - A Marriott MM - A Moment. MM - A Nedgrp Invest. MM - R Oasis MM - A OM MM - A 0.25 0.58 0.41 0.31 0.37 0.18 0.31 0.59 0.59 0.37 0.58

7.03

6.62 6.74 6.64 6.95 7.59 6.65 6.67 6.62

6.3 6.54 7.22 7.32 7.41 7.54 7.58 7.56 7.97 7.26 7.61 7.35 7.32 7.71 and how we deliver advice and solutions to ensure that we help South Africans to make trade-offs between their individual needs.

We need to ensure that we recognise the links between mental, physical and financial well-being across an individual’s journey, recognising that each component has a knock-on effect.

We believe that a more integrated approach in delivering information, counselling, advice and the right solutions at the right time improves financial well-being, which has a demonstrable impact on savings and retirement outcomes. As an example, early indications across a pilot sample of funds show members preserved significantly more in funds that had adopted the Alexander Forbes default retirement income solutions than in those that did not.

Employers have a responsibility to the broader South African society of ensuring that employees who leave their protection will either go on to continue to be productive contributors to South African society or be well insulated from social and economic implosion. An integrated and holistic focus on well-being may well hold the key to addressing South Africa’s serious demands for entrepreneurship, economic growth and more inclusive employment.

6. Collaboration Collaboration is key to fulfilling the objectives outlined, with the ultimate aim of achieving a lifetime of financial well-being for the individuals we serve. We know that not one institution can get all this right on its own. It must be a collaborative issue. We must come together – providers, employers, government, regulators and individuals.

We want to put the research into practice so that individuals can see the benefits at the end of the day. If we can get this right, that’s the way to uplift South Africa.

● Alexander Forbes’s Benefit Barometer publications are available at www.alexanderforbes.co.za/ benefits-barometer.

Dawie de Villiers is the chief executive of Alexander Forbes

MONEY MARKET FUND YIELDS AT 08/01/2019

OM M-mgr MM - A Prescient MM - A Prime MM - A Prud. MM - A PSG MM - A RECM MM - A Satrix MM - A1 SIM MM - R SNN MM - A1 Stanlib MM - R Sygnia MM - A 0.62 0.42 0.56 0.41 0.59 0.19 0.34 0.58

0.57 0.34 6.59 6.95 6.34 6.59 6.47 6.84 6.77 6.57 3.42 6.69 7.09 7.49 7.67 6.34 7.55 7.23 8.16 8.58 7.42 7.45 9.06

is the actual yield for the past 12 months.

calculated over seven days, is an indicative short-term yield.

INTEREST RATES AT 08/01/2019