Futura SA’s Post

Want to join a network that’s changing the informal pension landscape in Ghana? Looking for a side gig to boost your income or need help getting your finances on track? Join our workshop! Call 055 314 4664 to sign up. #workshoptools #ABetterYou #abettertomorrow #pptghana

This news goes viral in China today, because it profoundly affects the Chinese population in its entirety. Considering the what (Q1) and why (Q2, Q3, Q4) of the policy change are settled now, how the policy change will be facilitated comprehensively in order to achieve desired results eventually is the next priority beyond doubt. Q1: "The policy change will be carried out over 15 years, with the retirement age for men raised to 63 years, and for women to 55 or 58 years depending on their jobs. The current retirement age is 60 for men and 50 for women in blue-collar jobs and 55 for women doing white-collar work." Q2: "Pressure on social benefits such as pensions and social security is hardly a China-specific problem." Q3: "That is on top of fewer births, as younger people opt out of having children, citing high costs." Q4: "The necessary course correction will cause short-term pain, experts say, coming at a time of already high youth unemployment and a soft economy." https://lnkd.in/gzzkmDUx

INSIGHTS | Employers who participate in, and contribute to, #privatesector #retirementfunds on behalf of their employees, could demonstrate their commitment to the 'S' component of the #EnvironmentalSocialandGovernance (#ESG) principles by addressing one of the social issues employees currently face: South Africa's power crisis. Making #finance available for employees to secure alternative #RenewableEnergy solutions will not only contribute towards their #qualityoflife, but should also enhance their #workproductivity. #EmployeeBenefits partner, Deirdre Phillips, explains how this can be done under section 19(5) of the Pension Funds Act in this SA Labour Guide article. Read more below.

🇨🇳 #China plans to gradually #raise #retirement #age and develop the "silver economy" to create jobs for older people. - ⚖️ A "voluntary flexible" approach may ease acceptance but could increase employment pressure and face opposition from low-income workers. - 🏢 Companies are encouraged to support this policy, with improved elderly care, especially in rural areas. - 📉 Reforms address the aging population, low birth rate, and the anticipated depletion of the pension fund by 2035. South China Morning Post SCMP article 👇 https://lnkd.in/eCHRQbMk

A win for equality and female angel investors in the #venturecapital space! 👏 For those still unaware an update to the UK Financial Promotions Order was introduced in January that changed the classification of high-net-worth individuals (HNWIs): from a minimum required annual income of GBP 100k to 170k The Financial Promotions Order governs who can be approached for investment opportunities. It enables a startup to approach a potential (angel) investor Basically before January a founder could approach someone who earned at least 100k and ask for investment. After the update the people approached need to be earning at least 170K Guess who was unfortunately affected most? Female angel investors! As much as I don't believe a London-based male with a 6 figure salary should be considered a HNWI (due to cost of living in the city etc.), this new regulation affected every region and nation of the UK outside of London Above all else, it greatly diminished the opportunities for female professionals across the UK with discretionary spend to invest their capital Thanks to a combined effort led by Roxane and others, this update will be reversed, bringing the investment industry one step closer to a more inclusive future Well done and congrats! #familyoffice #familyoffices #assetmanagement #investmentmanagement #technology #startups #innovation #entrepreneur

Navigating the Two-Pot System The introduction of the two-pot system the government aims to balance providing a comfortable retirement with allowing access to funds during emergencies. While this initiative has good intentions, it's understandable that some South Africans feel concerned. After years of hard work, many prefer to have the freedom to access their savings when they leave employment or resign to address pressing issues. As an HR professional, I've noticed varied reactions among employees, with some considering resignation to access their funds. It's essential to have open and transparent conversations about the implications of this system. While purchasing annuity policies has been an effective method for many to safeguard their finances, it now difficult for people to understand what has changed, why not continue with annuity policies. Let's discuss and share insights on how best to navigate these changes. Are you facing similar challenges in your organization? How are you supporting your employees in making informed decisions? What do you think about this system? Let's work together to find solutions that protect our financial futures. #HR #EmployeeEngagement #FinancialWellbeing #TwoPotSystem #RetirementPlanning #SouthAfrica

The system which everyone is part of is designed around apathetic attitudes and financial complacency. Regardless of one’s own occupation type or age, the odds of one day exiting the #workforce with the necessary financial resources to support one’s preferred lifestyle are poor. The evidence confirms that ‘the system’ produces only a 2 out of 10 success rate. #Superannuation only exists because financial literacy is not taught *anywhere* in society. And very few people have sufficient discipline. Ditto applies to the $55 billion per year of #taxpayer funds spent on #agedpensions (aka ‘back-ended unemployment benefits’). Consciously or subconsciously, those who fall victim to ‘the system’ are accepting of a lowest common denominator outcome. Reading that statement might make people feel uneasy, but it’s the truth. The truly intelligent people are those who actively work at avoiding the financial prison. A refusal to be dependent on others and a preparedness to exercise very different choices to those in the 8-out-of-10 category is the very reason WHY I founded Propertyology.

South Africa's Savings Month is here, and what better time to focus on your most valuable long-term saving tool - your provident fund! But what exactly is a provident fund, and how can it empower your golden years? Imagine a magic piggy bank fuelled by your contributions and a boost from your employer, specifically designed to blossom into a nest egg for retirement. That's the essence of a provident fund. It's a long-term saving scheme that helps you accumulate funds throughout your working life, ensuring financial security when you finally hang up your work boots. To find out more about provident funds click the link below. https://lnkd.in/dp77EZyh #savingsmonth #providentfund #employeebenefits #SavingsSA #FinancialWellness #SmartSavings #SaveMore #FinancialHealth #MoneyManagement #SavingTips #Budgeting #FinancialPlanning #employeewellbeing

GCC expats... I have a question for you. I speak to a lot of expats every single day. (Actual zoom screenshot of this) Their retirement plan is to stash money back home. They buy property. Or they put too much cash in a savings account. So these expats HAVE to work... Despite much success, their passive income does not covers expenses. I've come up with an idea - I want to know what you think. I'm sharing a path to passive income to help GCC expats: ✅ Go from 0 to $3,000+/month in passive income. ✅ Fast track retirement by at least 10 years. ✅ Identify an investing strategy that doesn't affect their lifestyle. I've achieved this outcome for myself and hundreds of other people. Comment "YES" if this is something you want access to and I'll message you with the link. #financialfreedom #passiveincome #financialindependence #gccexpats