Editor's Thoughts.

Yesterday I got to spend the morning with the executive team at NMG Benefits, who reflected on the evolution of the employee benefits industry in South Africa: retirement funds, medical aids and group risk. And contemplating what the future of this industry might look like (under Top Picks).

It got me thinking about this 6% number that we quote at every opportunity – you know the one – that only 6% of South Africans are on track for a comfortable retirement. There’s no doubt that the tools, data, insights and sincere (and passionate) intention are increasingly available. So why is the needle not moving? The EBnet team often discusses this exact point. Now, in reality, retirement savings and medical cover don’t happen in a vacuum – these are dependent on wider macro’s like employment and economic growth. But here’s my thought: how can the gambling industry unlock R76 billion over a relatively short period of time within the same constrained macro’s?

Is there a different conversation to be had, around a different number?

Speaking of broader macro’s, in today’s news PSG Wealth explores what the economy is really telling us and RelyComply looks ahead to the 2027 FATF evaluation – spoiler alert: The same justice system being evaluated is the one currently being investigated, referring to the unfolding events at the Madlanga Commission.

And finally, the PFA really was put between a rock (retirement fund rules) and a hard place (actuarial practice) recently. Not pleasant, I imagine.

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