Insurance Zone

We offer a full financial planning service to business owners and other individuals. Our personal financial planning service is closely tied to our employee benefits offering and is there to support all employees including current and previous members of the retirement funds we consult to.

Financial consultants will typically conduct a detailed survey of their client’s financial position, preferences and objectives; known as a Financial Needs Analysis. They will then advise appropriate action to meet the client's objectives; and if necessary recommend a suitable financial product to match the client’s needs.

We provide counselling to fund members prior to retirement or at the time of claim (at the request of the member), or their dependants after the death of a member (at the request of the trustees). We also provide ongoing support for members relating to their individual investment choice where this is made available to members.

Our financial planning practice covers the following broad areas

All long term insurance needs identified as part of the personal financial planning process will be met by the most cost effective solution offered by the a wide range of Liberty Life products. We are also offer an alternative range of products to meet your personal insurance and savings needs through Sanlam.

The main purpose of the actuarial services provided by Insurance Zone is to enhance the quality of advice we provide, as well as to apply actuarial science to find optimal solutions to the financial challenges faced by potential and existing clients.

Here is a list of some of the other actuarial services we are able to assist clients with:

The following services are typically provided:

In all actuarial consulting work the actuary would work closely with the administrator.

The fund trustees are responsible for the managing all affairs of the fund on behalf of the fund members and is elected by the employer and members to represent their collective interest. Where the employer choose top participate in an umbrella retirement fund the trustees are normally professional independent trustees. In this case the company appoints a board of management who provides oversight on behalf of the members and the employer.

The changes in retirement fund legislation and practice that were announced over the last few years have placed onerous duties and obligations on the trustees of retirement funds. Moreover, since January 1998 the respective Pension Funds Adjudicators have highlighted the need for trustees to be aware of their fiduciary duties to avoid liability in the event of maladministration of their funds.

It is vital that trustees are adequately trained for the onerous responsibilities that are placed on them. As such, an extensive trustee training program will be offered by special arrangement. The trustee training covers all aspects including legislation, fiduciary duties and investments.

In addition to the formal training, we provide ongoing training and updates at trustee meetings through the provision of information, industry developments and updated legislation.