Transforming Financial Wellness: How Finlite Empowered a Major JSE-Listed Industrial Company’s Workforce

Introduction In the evolving landscape of the modern workplace, the concept of employee financial wellness has gained unprecedented momentum. It’s a crucial aspect of workforce management, especially in diverse economic environments like South Africa. Finlite Financial Education, a pioneer in this realm, recently undertook a transformative journey with a JSE-listed industrial company, reshaping the financial lives of over 500 employees. Background of the Company and Challenge Faced This industrial giant, with a workforce of both…

Dofa Date Explained

Dofa Date Explained

FAIS Fit and Proper Requirements to Meet DOFA Date Before appointing a representative, make sure to verify their date of first appointment (DOFA). This is important as the amount of time available for them to meet the ‘fit & proper’ criteria depends on this date. Dofa Date (The Date of First Appointment) marks when you’re officially appointed to act as a representative of an authorised Financial Services Provider (FSP). This also means you will be…

What is your financial health as a financial planner?

Most financial advisors are financially distressed if not because they don’t have a secure income, especially during such a tough economic cycle like this where consumers are vulnerable and more likely to cancel insurance products trying to release some cash flow to protect assets and keep children in school. According to a study by the Financial Planning Association, 63% of investors experience high or moderate stress but get this, 71% of advisors admit to being…

The Benefits Of Completing A Short Course

What are the benefits of completing a short course? Some short courses keep your skills current in readiness for opportunities It portrays your commitment to ongoing learning opportunities Provides networking opportunities both in person and online You can identify your hidden talents/interests that inspire and challenges you It is cost-effective and provides added skills to workers at any level How to make short courses valuable? Some short courses are not aligned or accredited to NQF levels…

How To Structure Your Wealth for Maximum Protection

How To Structure Your Wealth for Maximum Protection

  The purpose of this section is to discuss what is structuring your wealth and how you can plan it. The first step in structuring your wealth is to understand the different aspects of your life. This includes understanding what you want out of life, who you are, and how much money you need to live on. Once that has been established, the next step is figuring out what type of asset allocation will work…