Big Business Insights: Simple ways to strengthen employee retirement savings with Geraldine Fowler & Nyasha Dhlembeu
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We spend most of our waking lives at work, making the workplace the most powerful platform for fostering financial wellness. Without the employers’ facilitation or participation, our savings levels in South Africa would be far lower. So how can we make the most of this to improve employee outcomes on a large scale?
In this episode of Big Business Insights, brought to you by Old Mutual Corporate, host Blessing Utete, Commercial Executive Head at Old Mutual Corporate, highlights the power of collaboration. He is joined by Geraldine Fowler, president of the Institute of Retirement Funds Africa and Managing Director of GQM Fund Administrators, and Nyasha Dhlembeu, financial management lecturer and PhD candidate at the University of Pretoria, who researches the influence of financial literacy on retirement planning in South Africa.
Together, they unpack the moral and practical obligations of employers. Is it enough to simply offer a fund, or must companies actively nurture the financial wellness of employees, with education and advice?
The conversation delves into the impact of financial literacy, revealing why women and young people are often the most vulnerable. The discussion also explores what South Africa can learn from emerging economies like Kenya and Chile regarding auto-enrolment and innovative solutions for the informal sector. Tune in to understand how we can collectively shift South Africa’s savings culture.
Follow the Old Mutual Employee Benefits page on LinkedIn and visit the Old Mutual Corporate Resource Hub for more insights, research and analysis to help you make the best decisions for your business, your employees and yourself.
Resources used in this episode:
Geraldine Fowler on LinkedInNyasha Dhlembeu on LinkedInInstitute of Retirement Funds AfricaThe Influence of Financial Literacy on Retirement Planning in South Africa (co-authored by Nyasha Dhlembeu) Bankers and Financial Advisers in an Emerging Economy – Are They Financially Literate? (co-authored by Nyasha Dhlembeu)Retirement vs Reality Designing Better Outcomes Only 6% retire with enough – Here’s how you can beat the odds Old Mutual Employee Benefits page on LinkedIn
In this episode of Big Business Insights, brought to you by Old Mutual Corporate, host Blessing Utete, Commercial Executive Head at Old Mutual Corporate, highlights the power of collaboration. He is joined by Geraldine Fowler, president of the Institute of Retirement Funds Africa and Managing Director of GQM Fund Administrators, and Nyasha Dhlembeu, financial management lecturer and PhD candidate at the University of Pretoria, who researches the influence of financial literacy on retirement planning in South Africa.
Together, they unpack the moral and practical obligations of employers. Is it enough to simply offer a fund, or must companies actively nurture the financial wellness of employees, with education and advice?
The conversation delves into the impact of financial literacy, revealing why women and young people are often the most vulnerable. The discussion also explores what South Africa can learn from emerging economies like Kenya and Chile regarding auto-enrolment and innovative solutions for the informal sector. Tune in to understand how we can collectively shift South Africa’s savings culture.
Follow the Old Mutual Employee Benefits page on LinkedIn and visit the Old Mutual Corporate Resource Hub for more insights, research and analysis to help you make the best decisions for your business, your employees and yourself.
Resources used in this episode:
Geraldine Fowler on LinkedInNyasha Dhlembeu on LinkedInInstitute of Retirement Funds AfricaThe Influence of Financial Literacy on Retirement Planning in South Africa (co-authored by Nyasha Dhlembeu) Bankers and Financial Advisers in an Emerging Economy – Are They Financially Literate? (co-authored by Nyasha Dhlembeu)Retirement vs Reality Designing Better Outcomes Only 6% retire with enough – Here’s how you can beat the odds Old Mutual Employee Benefits page on LinkedIn
