The earlier you start to save for retirement, the more comfortable you will potentially be at retirement. The reality is, however, that when most people start worrying about retirement, it is often far too late to do anything about it. One way of building a nest-egg for your retirement is by contributing towards a retirement…
1 March 2021 is referred to as T-Day. It marks the date upon which important retirement reform changes kick in. Download our easy-to-understand member communique here.
Please note that from 1 March 2021, changes which affect the manner in which a provident fund member will be able to take a retirement benefit will come into effect. These changes were signed into law by President Ramaphosa and published in the Government Gazette of 20 January 2021. One of the changes will be that…
The picture of our country’s economy is bleak to say the least and Finance Minister Tito Mboweni’s Supplementary Budget on 24 June 2020 did not herald any good news. Ettienne Myburgh, CEO of Transparent Financial Services, says we can expect subdued economic growth for the next three years, which means declining work opportunities and lower…
During times of crises (like we are experiencing now), investment market performance and investment markets are highly volatile, and your retirement fund savings are likely to be lower than before. These losses are however simply what is called “paper losses” and you should not become spooked by it. Saving for retirement is a long-term matter…
While the Coronavirus is causing disruptions in many businesses across the globe, Transparent Financial Services is confident that we have taken all reasonable steps and precautions to ensure that our critical functions – such as our pension payouts – will not be affected.
At the core of this year’s budget proposals from South Africa’s national treasury is the admission that national debt is no longer expected to stabilise.
Could a virus really send the global and U.S. economies into recession – or worse? Put more pertinently, will COVID-19 trigger an economic meltdown?
Finance minister Tito Mboweni has delivered his #Budget2020 speech. Here are some of the salient points affecting our wallets.
It is easy to know what a frontier market is when you are in one, but defining it from beyond its borders proves somewhat more elusive… Read more on the Coronation website.
We started the year cautiously optimistic that a cyclical recovery, driven by some acceleration in consumer spending, was a reasonable expectation for the year ahead. Read more on the Coronation website
Transparent Financial Services’ main business is the provision of benefit fund administration services to retirement and other benefit funds, which enables fund trustees to keep their members informed through continuous, accurate and meaningful reporting and easily-accessible information.
Pension and provident fund administration services | Bargaining Council fund administration | Intermediary services | Health services payment administration | Umbrella Fund option for non-standalone funds Monthly administration and payment of pensioners | Provision and administration of Pension-backed Housing Loans to members | Insurance and Assistance Benefits| Medical aid and Medical Gap cover products and services | Short Term Insurance products | Life Insurance Products
Our business approach allows employers to focus on their core business and trustees on critical areas, while the team of Transparent Financial Services specialists ensures that the day-to-day functions of their retirement fund activities are taken care of.
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Transparent Financial Services (TFS) was formed in 2006 when it acquired the retirement fund administration business from the South African Typographical Union (SATU).
The company is registered as a Financial Service Provider in terms of the FAIS Act and has a number of agreements in place with major financial institutions to render co-administration services.
TFS, via its subsidiary companies, provides insurance solutions in the short term and life insurance space. In addition, our expertise has allowed us to expand into the administration of medical aid and medical gap insurance products as well.
We are confident that we can provide you and your organisation with a one-stop financial services solution ranging from retirement planning to pension and provident fund administration to risk and investment management
Sanlam Life Insurance Ltd acquired a 26% shareholding in the business during the early part of 2016, providing backup and support through access to resources and industry research.
We allow our clients to stick to their proverbial knitting, while we take care of their retirement fund activities.
Our business approach allows employers to focus on their core business and trustees on critical areas, while the team of Transparent Financial Services experts ensures that the day-to-day functions of their retirement fund activities are taken care of.
We undertake to ensure that all information pertaining to any Fund or member shall remain confidential and shall not be used for any purpose other than the fulfilment of any obligation imposed on Transparent Financial Services for the purposes of legislative compliance, providing a quote or in terms of a signed Service Level Agreement.
We make use of an independent compliance officer to help us ensure adherence to all legislative requirements. Apart from our own internal processes, we are committed to working with the Fund appointed Principal Officer to ensure that the Fund remains compliant in all aspects.
To perform our administrative and intermediary duties, we have developed and adhere to various company policies and procedures designed to protect the interest of the members, Funds under Administration and our administration staff. Clients are required to agree to be bound by these procedures and processes to ensure consistent and accurate application.
Transparent Financial Services operates an integrated, fully customised, in-house developed system specifically designed for the South African retirement fund administration market.
We own an IBM System i information technology hardware platform. The system provides fully integrated administration capabilities with strict data security and protection of personal information. By choice, our system is not accessible through the worldwide web, with only selected data access for registered users.
The software has been specifically developed and is regularly updated to cater for the full range of administration services required by a retirement fund.
A best practice SDLC has been followed in developing and maintaining the system. As a result, it is heavily rule driven, which means making changes becomes a simple exercise.
Visit Fund website http://rfpi.co.za
Visit SATU website: http://www.satu.co.za
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Ettienne Myburgh
Chief Executive Officer
Transparent Financial Services is based in Centurion, Pretoria, with regional representation in Johannesburg, Bloemfontein, Cape Town, Port Elizabeth, Pietermaritzburg and Durban through the branches of the South African Typographical Union.
Before his appointment as CEO of Transparent, Ettienne Myburgh held various international executive positions in Insurance, Financial Services, Banking, Investment Management and Technology. He has had responsibility for and done strategic implementations in countries such as China, India, Nigeria, Kenya, Zambia, Ghana, Botswana, Namibia, South Africa, Colombia and Mexico, among others.
Ettienne is a skilled business executive with in-depth experience in strategy formulation and execution, product and position management in a variety of financial services products, sales and distribution as well as investment management and administration and operational management.
Ettienne holds a Bachelor and Honours degrees in Economics and Business management as well as a Master’s Degree in Commerce obtained from the University of Johannesburg and is a member of the Financial Planning Institute. He also completed further education at the Institute of Marketing Management and the Insurance Institute of South Africa.
Sizwe Medical Fund stands as one of the top 10 open medical schemes in South Africa, with just under 50 000 members. The Fund is financially sound, with an excellent global credit rating, and provides a wide array of affordable, exceptional products to all South Africans, just as its founders dreamed of.
Every participating employer or member deserves personalised service, which is what the Global Transparent Retirement Fund (GTRF) offers. This Provident Fund was designed as an alternative to the highly structured and packaged products prevalent in the market.
Transparent Financial Services (TFS) was formed in 2006 when it acquired the retirement fund administration business from the South African Typographical Union (SATU).
Transparent Financial Services’ main business is the provision of benefit fund administration services to retirement and other benefit funds, which enables fund trustees to keep their members informed through continuous, accurate and meaningful reporting and easily-accessible information).
We at Transparent Financial Services are ideally positioned to be your specialist fund administrator. We pride ourselves in our people, processes and commitment, always striving to provide the best service possible to our clients.
Transparent Financial Services’ main business is the provision of benefit fund administration services to retirement and other benefit funds, which enables fund trustees to keep their members informed through continuous, accurate and meaningful reporting as well as easily-accessible information.
Pension and provident fund administration services.
Bargaining Council fund administration.
Intermediary services.
Health services payment administration.
Umbrella Fund option for non-standalone funds.
Monthly administration and payment of pensioners.
The provision and administration of Pension-backed Housing Loans to members.
Insurance and assistance benefits.
We provide a comprehensive range of short term and life insurance products
specifically suited to your needs. In addition, we are a registered medical aid broker and can provide your organisation with a comprehensive employee focused financial services solution.
If you are a member of either the SATU National Provident Fund or the Printing Industry Pension Fund you now have access to housing finance that enables you to buy a home, upgrade or make repairs to your current home. Download more information on Pension-Backed Home Loans HERE and read more about Transparent Consulting Services HERE.
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Company Reg. No: 2005/013904/07
Authorised Financial Service Provider
(FSP Reg. No.42843)
Licensed S13B Retirement Fund Administrator (Reg. No: 24/431)
Certified Health Care Broker
(ORG 4248)
Registered Credit Provider
(NCRCP 11110)
