Retirement Fund Diagnostic

Contact Jennifer at jennifer@gobenefits.co.za for your Retirement Benefit Diagnostic


Do you have the right retirement solution for your employees?
Choosing the right retirement solution for your employees is extremely important for almost any business. However, it can be difficult to find a cost-effective solution without compromising on the quality of a world class solution. To lighten this burden, you need an advisor who understands your needs and adds value. We offer an independent diagnostic of your retirement arrangements, followed by an in-depth investigation including market comparison, industry benchmarking, governance review, financial health review and member value proposition review.


Retirement Benefit Diagnostic Level 1 (Overview)
We provide an independent diagnostic of your retirement arrangements, which would include a
review of the benefit structure, costs, risk benefits and investments.


Diagnostic overview exercise includes a high level review of:

  • Appropriateness of current Service Providers

    • Benefit Consultant

    • Administrator

    • Risk provider

    • Investment Manager

  • Current retirement solution (umbrella or standalone)

  • Retirement benefits offered to employees

  • Contribution rates available

  • Risk benefits available

  • Costs paid

  • Member value proposition

  • Investment strategy

The Outcome of the diagnostic is to highlight any shortcomings / areas that may need further review.

 

Retirement Benefit Diagnostic Level 2 (Deep dive)

 

The Deep dive diagnostic exercise takes the initial findings from the diagnostic over exercise as a starting point and performs an in-depth investigation into the areas identified and includes, but is not limited to:

 

  • Market comparison of:

    • Benefit Consultant

    • Administrator

    • Risk provider

    • Investment Manager

    • Retirement solution (umbrella or standalone)

  • Industry benchmarking of:

    • Benefit structure

    • Investment offering

    • Contributions

  • Governance review:

    • Governance framework

    • Risk management

    • Legislative compliance

  • Financial Health review:

    • Verify that the retirement solution is structured to meet its benefit promise

    • Review the projected net replacement ratio status of members

  • Member value proposition review:

    • Make proposals to enhance current member value proposition