Evolutionary Awards – Entries
The Evolutionary Entries.
Voting Opens on 4 Nov 2024
Evolutions in improving member outcomes
NMG Benefits WhatsApp Chat aims to improve financial empowerment by allowing members to seamlessly interact with their retirement fund to learn, manage and withdraw from their funds.
The Alexforbes My Money Matters platform was designed to be used for retirement benefit counselling but has evolved to provide a personalise learning experience and data repository for retirement fund members and the general public.
Momentum use a hybrid of combining a living annuity with a life annuity to address the short comings of both and provide a better diversified portfolio that aims to hedge the primary retirement risks.
MIP have built a complete integration into Meta’s WhatsApp function whereby we can automatically process two-pot withdrawals.
Just SA has created income sustainability maps, which can help advisers, trustees and employee benefit consultants ascertain what the optimal retirement income solution is for members: a pure living annuity, a life annuity, or a blended living annuity.
Evolutions in employee benefits and advice
Alexforbes has conceptualised and designed the Retirement Fund of the Future (RFotF). The RFotF design represents the ideal retirement fund that is aspirational in its design, and that sets the industry standard for a best-in-class, leading and future-fit retirement fund.
Discovery Corporate and Employee Benefits launched a Two-Pot calculator to assist any South African who wants to understand what withdrawal they could possibly make from the new Two-Pot system. In addition to showing members how much they can withdraw, the calculator also shows the tax implications thereof.
The FSCA’s Trustee Toolkit is the first step in a trustee or management committee’s learning journey. The ICTS Academy has evolved into a fully online training provider marking a significant development in the field of education within the retirement industry for both decision makers and service providers.
Recognising the impact of financial health on mental wellbeing and productivity, NMG Benefits has partnered with EmpowerFS to offer a revolutionary Financial Wellness solution – designed to shield employees from financial exploitation at no cost to either the employer or the employee.
Momentum has developed a hyper-personalisation engine powered by personality science and machine learning that feeds the behavioural finance function. This behavioural finance function is centered around 4 ‘behaviour tracks’ or different investment behaviours. The hyper-personalisation engine will be designed to give the right message to the right person at the right time.
By harnessing the power of technology and the latest behavioural science, YuLife’s insurance model focuses on employee wellbeing and risk prevention, incentivising healthy daily behaviour to drive positive lifestyle outcomes.
Evolutions in investments
Differential Capital has developed a unique investment strategy based on using Artificial Intelligence to identify investment opportunities.
On the 26th of August 2024, ETFSA listed the first fully balanced actively managed AMETF on the JSE exchange. It allocates investment to all major asset classes: equities, both local and foreign; bonds, listed property and cash.
Motswedi encourages economic transformation in a responsible way in both private and public markets through their investment philosophy of developing the SA economy though the asset management industry. In this way they seek to drive financial inclusion, create employment and empower new black owned entrepreneurial businesses to thrive.
Since their beginnings in 1991, Sustainability has been part of what they do and who they are. But Ninety One’s Sustainability journey has steadily evolved over time.
