Open in new window
Impress your Financial planner with these definations.
Impress your Financial planner with these definations.

Safe gurd yourself with these important definations, you might need them when you meet with your financial planner to set up your retirement fund.

Definitions

Reduction in a Yield (RIY) the amount by which the annual returns on your savings will be reduced

Average RIY the total RIY of all members of a retirement fund divided by number of members

Charge ratio percentage of rand amount by which costs will reduce your retirement savings. It is also known as reduction maturity.

Umbrella retirement fund an umbrella a retirement fund is made up of number of sub funds. Each sub fund in a financial service sector umbrella a fund is a separate participating employer

Net replacement ratio the percentage by which you can expect your pension to replace your final salary. Most retirement funds seek to provide you with a pension 75 to 80 percent   NRR of your salary.

 

 




Share/Bookmark


Related Articles
2010 Abuse ANC and Anni Apple avatar Bafana Barack Britain Cape China crime Cup Dewani Eskom facebook FIFA Gaga Google Haiti HIV Internet Jackson Jub Malema Manchester Mandela MaNtuli matric Michael Nelson New Obama of Oprah Prince Shrien SWC The tickets Tiger Transnet twitter United Winfrey Woods World Zapiro Zuma
Powered by Sevafrica
None All Errors (0) Deprecated (0) Queries (27) Blocks (11) Extra (2) Timers(6)
Errors
Deprecated
Queries
0.000520 - SET NAMES 'utf8'
0.000204 - SET SQL_BIG_SELECTS = 1
0.000238 - SELECT * FROM config WHERE (conf_modid = '0' AND conf_catid = '1') ORDER BY conf_order ASC
0.000439 - SELECT sess_data, sess_ip FROM session WHERE sess_id = '1nhsk7plgs6g63almvok94r7s2'
0.000170 - SELECT * FROM modules WHERE dirname = 'safety'
0.000190 - SELECT COUNT(*) FROM group_permission WHERE (gperm_modid = '1' AND (gperm_groupid = '3') AND gperm_name = 'module_read' AND gperm_itemid = '56')
0.000180 - SELECT * FROM config WHERE (conf_modid = '56') ORDER BY conf_order ASC
0.000210 - SELECT * FROM modules WHERE dirname = 'protector'
0.000400 - DELETE FROM protector_access WHERE expire < UNIX_TIMESTAMP()
0.000496 - SELECT COUNT(*) FROM protector_access WHERE ip='54.234.228.185' AND request_uri='/modules/safety/article.php?newsid=85'
0.000553 - SELECT COUNT(*) FROM protector_access WHERE ip='54.234.228.185'
0.000602 - INSERT INTO protector_access SET ip='54.234.228.185',request_uri='/modules/safety/article.php?newsid=85',expire=UNIX_TIMESTAMP()+'60'
0.000614 - SELECT COUNT(*) FROM banner
0.000452 - SELECT * FROM banner LIMIT 0, 1
0.000544 - UPDATE banner SET impmade = impmade+1 WHERE bid = 1
0.000208 - SELECT * FROM config WHERE (conf_modid = '0' AND conf_catid = '3') ORDER BY conf_order ASC
0.000331 - SELECT DISTINCT gperm_itemid FROM group_permission WHERE gperm_name = 'block_read' AND gperm_modid = 1 AND gperm_groupid IN (3)
0.000228 - SELECT b.* FROM newblocks b, block_module_link m WHERE m.block_id=b.bid AND b.isactive=1 AND b.visible=1 AND m.module_id IN (0,56) AND b.bid IN (415,414,413,396,395,394,380,379,378,377,376,375,374,373,372,371,370,369,368,367,366,365,364,360,362,361,480,481,363,356,477,355,354,353,357,358,359,352,351,350,349,348,347,346,344,343,345,339,340,341,342,338,337,463,335,334,333,332,330,329,328,327,326,331,325,324,323,320,319,318,321,322,317,316,313,312,311,314,315,306,305,304,307,308,309,310,202,201,200,199,198,197,195,194,193,192,191,190,189,188,187,186,185,181,182,183,184,168,154,153,157,169,171,172,173,178,158,170,167,155,156,166,161,160,159,196,134,133,132,131,130,129,128,127,126,125,124,123,122,121,120,119,118,117,116,109,110,111,476,482,478,479,485,483,77,52,51,53,54,15,14,13,12,11,10,9,8,7,6,5,4,3,2,1,411,410,409,408,407,406,405,403,402,563,404,401,399,398,393,391,390,389,388,387,386,385,384,412,383,382,381,294,293,292,291,290,289,288,210,207,206,205,204,203,179,135,112,208,209,562,115,136,180,68,67,39,303,17,16,416,417,418,421,422,423,426,427,428,429,434,435,436,437,438,439,440,441,442,443,444,518,446,447,448,449,450,451,454,455,456,457,458,459,460,461,462,464,465,466,467,468,469,470,471,472,473,474,475,513,487,488,489,490,491,492,493,494,512,511,496,497,498,499,500,501,502,503,504,505,506,507,508,515,510,516,520,521,522,523,524,525,526,527,528,529,530,531,532,533,534,535,536,537,550,539,540,541,542,543,544,545,546,548,549,551,552,553,554,555,556,557,558,559,560,561,564) ORDER BY b.weight, m.block_id
0.000428 - SELECT * FROM smiles
0.000411 - SELECT * FROM modules WHERE dirname = 'tag'
0.000187 - SELECT * FROM config WHERE (conf_modid = '63') ORDER BY conf_order ASC
0.000204 - SELECT DISTINCT(o.tag_id), o.tag_term, o.tag_status, SUM(l.tag_count) AS count, l.tag_modid FROM tag_tag AS o LEFT JOIN tag_stats AS l ON l.tag_id = o.tag_id WHERE (o.tag_status = '0') GROUP BY o.tag_id ORDER BY count DESC LIMIT 0, 50
0.000638 - SELECT * FROM safety_news WHERE news_id=85
0.021565 - SELECT * FROM safety_news WHERE news_description LIKE "%Impress your Financial planner with these definations.%" ORDER BY RAND() LIMIT 0, 10
0.000576 - SELECT * FROM safety_videos WHERE video_topic =85
0.000176 - SELECT COUNT(*) FROM group_permission WHERE (gperm_modid = '1' AND (gperm_groupid = '3') AND gperm_name = 'system_admin' AND gperm_itemid = '14')
0.000321 - SELECT * FROM safety_categories WHERE categories_parent=0 ORDER BY categories_id
Total: 27
Blocks
User Menu: Not cached
Search: Not cached
Custom Block (Auto Format + smilies): Not cached
Custom Block (HTML): Not cached
Custom Block (HTML): Not cached
Custom Block (HTML): Not cached
Custom Block (HTML): Not cached
Custom Block (HTML): Not cached
Cumulus Tag Cloud: Not cached
Custom Block (HTML): Not cached
Custom Block (HTML): Not cached
Total: 11
Extra
Included files: 90 files
Memory usage: 6544416 bytes
Timers
XOOPS took 0.101 seconds to load.
XOOPS Boot took 0.032 seconds to load.
Module init took 0.006 seconds to load.
XOOPS output init took 0.031 seconds to load.
Module display took 0.027 seconds to load.
Page rendering took 0.003 seconds to load.