Evolutionary Awards – Entries
The Evolutionary Entries.
Winners announcement
Terms & Conditions
Evolutions in improving member outcomes
Category Winner
Under the proprietary fintech architecture of Altertude, GTC has created an automated, exponential member engagement portal. Capable of engaging with large numbers of individuals at any one time (payroll memberships of up to 100 000 members being concurrently possible), GTC has created a toolkit that combined multiple sources of engagement and information distribution into a detailed ‘Pre-Advice Life Report’, combining some 14 personalised financial metrics into a single consolidated statement of account.
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.
Avoiding unnecessary paper work and the fast resolution of the disbursement of retirement fund death benefits is vitally important during a time of bereavement, especially when dependants are financially reliant on those benefits. ICTS Death Benefit Services provides a full, outsourced death benefit service to retirement funds in terms of Section 37C of the Pension Funds Act through their own proprietary software.
Right Track is a free service designed to help employees eliminate debt. Through this innovative financial planning tool, they strive to ensure that members achieve superior retirement outcomes compared to other options.
EPPF’s Sustainability Policy underscores a commitment to meeting current needs without compromising the ability of future generations to thrive. Their approach to sustainability is comprehensive, incorporating social, economic, and environmental considerations to foster resilience, equity, and prosperity across multiple dimensions.
EBSphere has evolved Everest, their proprietary administration system, to deal with cross-border fund administration as well as two-pot.
InSite’s Benefits Calculator is designed to simplify exit decisions by showing what members can take in cash for each exit type—retirement, savings pot withdrawal, death, and retrenchment. It considers the non-vested and vested portions in the vested pot, the retirement pot, and the savings pot.
Sanlam’s member view has evolved from the member being at the end of a servicing request to placing the member at the centre of everything that they do – with the primary aim of helping members achieve their best possible financial outcomes through retirement and beyond. Their member journey has evolved to drive financial awareness and wellbeing, while being product agnostic.
Evolutions in employee benefits and advice
Category Winner
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.
Accurate meeting minutes are a key requirement for governance and an important risk mitigator. AgendaWorx AI, creates minutes 80 times faster than humans, combining the meeting pack and table into the minutes.
InSite Connect’s AI-in-the-box MENTOR supports helpdesk agents and junior employees in answering member and trustee queries accurately. By leveraging training manuals and videos provided by funds and service providers, the AI MENTOR is trained to understand specific processes, policies, and products.
Evolutions in investments
Category Winner
Alexforbes Retirement Navigator is an evolution of traditional smooth bonus fund products – historically the domain of traditional insurers. This portfolio is appropriate for retirement fund investors who want exposure to growth asset classes – for longer term growth – but are concerned about short-term volatility associated with those asset classes.
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.
The South African Liability-Driven Investment (“LDI”) market has historically been dominated by a small number of large, established players, and characterised by extremely high barriers to entry. However, over the past few years, Prowess Investments, a much smaller, black-owned manager has generated its own LDI capability, in the process developing the systems, adaptability and know-how to compete. The evolution they represent therefore, isn’t necessarily about a myriad of unique product features, but rather about the transformation inherent in a smaller, black-owned institution overcoming systemic challenges and rising to compete, and about what this example can mean for us and similar firms in building an inclusive South Africa.
Prescient’s evolution reflects a journey of continuous innovation, marked by the integration of AI and machine learning models that process over 500 million data points daily. This sophisticated technological foundation enables Prescient Investment Management to offer clients enhanced, stable long-term returns across asset classes, from fixed income to equities.
EPPF is at the forefront of transforming South Africa’s private market landscape by addressing a significant challenge: the underdeveloped and loosely regulated infrastructure unlisted markets. Recognizing that this market’s current structure creates barriers for smaller pension funds and retail investors, EPPF has undertaken a comprehensive investigation into alternative solutions aimed at democratizing access to infrastructure investment opportunities.