According to a recent Treasury report, you could be losing out on as much as 3.6% per year on your retirement fund.
That is a staggering 50% less in your pocket at retirement!
Based on a recent study of our own Vunani Ltd Provident Fund we identified the following savings:
#1. Reduce expensive Administration and Platform fees
We have removed all deductions from monthly contribution admin fees levied by our now retired administrators.
We reduced administration costs massively by negotiating with our new service provider for the lowest cost base available and passed those benefits on to our members.
Our platform now provides all members with a Global Standard on-line reporting facility, support and compliance.
#2. Cut out up-front advisor fee loading on monthly contributions
We cut overall fees by more than half and scrapped up-front fees levied against member’s monthly contributions.
#3. Substantially enhance your returns over the full period to maturity
We improved member investment performance with superior fund selection and wider choice.
#4. No layers of unnecessary fees.
We have reduced overall fund management fees by as much as 50% for contributing members in certain specialist funds and halved the advisor fee to 50 basis points per year.
#5. Get rid of all the inflexibilities and improved investment choice
Access a quality, diversified selection of local and off-shore investment options
We have introduced direct JSE personal share portfolio options for the larger individual fund members, who now monitor on line, their own bespoke self-invested private portfolio pension plan at half the cost!
We now enjoy a full suite of Alternative investments, Exchange traded funds, Unit trusts, including local and international bond fund choices and Global exposure to all members via the Glacier platform.
Ask yourself the following questions:
– Are you paying too much? I would like to investigate the costs and returns of my Companies Pension/Provident fund over the years?
– Are my Pension/Provident Fund members happy with their real rates of return?
– Do we have a comprehensive choice of funds to optimise investment and income needs?
– Are we getting decent financial advice on their retirement fund?
At Vunani, we completed our own exercise and where dis-satisfied once we identified the layers of underlying costs, transparency, lack of fund choice, related returns and poor levels of service provision.
We negotiated a new deal, switched our service provider and changed our employeeâs attitudes on their retirement savings overnight.
All our employee/members are better off and delighted with this change.
I can share this exercise and experience with you.
Let me do all the ground work and present you with the findings. No costs at all!
I need twenty minutes of your time to show you how we achieved this, I would like to have a initial discussion with you, so drop me an email on firstname.lastname@example.org.
For further information, including investment ideas, product options and Vunani funds please visit our website at http://www.vunaniprivateclients.co.za/funds
Wealth and Asset Management.
Vunani Private Clients (Pty) Ltd
Cell: 082 338 3868