OLD MUTUAL FINANCIAL WELLBEING PROGRAMME Exchanging information to - PowerPoint PPT Presentation

OLD MUTUAL FINANCIAL WELLBEING PROGRAMME Exchanging information to deliver financial empowerment

What is it or What is FWP? FWP is a highly effective financial education and support programme.  Designed to help South Africans take control of their financial futures.  Combines educational workshops, individual financial health assessments,  member support services and accredited financial advice on request. Modules designed according to attendees’ financial knowledge.  It is a free of charge value add offering to all customers.  1

FWP VALUE ADD TO YOUR BUSINESS WHY OFFER FWP TO YOUR EMPLOYEES AND FUND MEMBERS: To demonstrate concern for your employees and ■ fund members‘ future. Old Mutual partners with your HR department to ■ schedule and coordinate the sessions. To make a positive difference in the lives of ■ others easily. To inform members about their fund and inspire ■ loyalty between employees and employers. To help build the economic future of South Africa. ■ Old Mutual provides the facilitation and material ■ at no cost. NO product push. ■ 2

FWP BENEFITS FOR EMPLOYEES AND EMPLOYERS EMPLOYEES EMPLOYERS Improved financial behaviour Improved delivery on human   and ability to make informed resources and employee wellbeing choices. strategies. Financial freedom, Higher productivity due to improved   independence and individual loyalty and lower levels of personal growth. financial stress amongst employees. Awareness and understanding of  Empowered and financially literate  money management principles. staff via cost-effective education. Increased knowledge of Flexible programmes to meet the   interventions available, to diverse needs, education levels, and overcome financial challenges. time constraints of your workforce. 3

FWP OFFERING - BUILDING BLOCKS ARE: 1 On The Money – basic principles of money management - BANKSETA Accredited , NQF Level 1, 5 credits. 2 FIN360 ° Modules – advanced holistic financial education. 3 Individual Advice – easy and immediate access to the unbiased objective financial advice by our accredited financial advisers. 4

ON THE MONEY - THE FIVE SECRETS OF MONEY MANAGEMENT: MODULE 1 The Secret pay yourself first… of the Lion Eat first, live on the rest! MODULE 2 have a goal – have a plan… The Secret Create an inspiring financial vision: if you can ’ t of the Leopard dream it, you can ’ t do it. MODULE 3 The Secret know what you earn, understand what you owe, watch what you spend! of the Elephant MODULE 4 The Secret of face your debt head- on… Charging down your debt: your biggest financial threat! the Rhino MODULE 5 The Secret choose wisely among alternatives… Protecting and investing your wealth of the Buffalo 5

MODULES COVERING THE PRINCIPLES OF: This service is operated by the Customer Retention Unit Which was formaly part of OMSA Customer Engagement and is now part of OMEMCST 6

FIN360 ° - MODULES OVERVIEW Perspectives of Financial Planning: Holistic view of financial planning, the financial planning process, investments, retirement planning, wealth protection, wills and estate planning. Retirement Planning: Retirement landscape, expenses at retirement, income replacement ratio, investments and types of risk profiles, impact of inflation, pros and cons of different types of annuities, retirement reforms. Risk Planning/Wealth protection: provides an understanding of how to provide security during disablement and for those that you may leave behind in case of death. Wills and Estate Planning: Goal-setting: written plans, accurate listing of assets and liabilities, mapping out what needs to be done, implementing plan – will, regular review is needed, possible legislative changes. Investment Planning: Investment planning steps and principles, balanced approach, basic market concepts, factors affecting Investments, understanding risk profiles, liquidity and tax implications. Buying a home: Provides information on many aspects to be considered before applying for a home loan, such as type of home of loans, location, how to get financing, hidden costs and laws that regulate the industry. 7

FWP ACCREDITATION Old Mutual Financial On the Facilitator and Education and Old Money presenters Mutual Business School Accredited by BANKSETA Salaried facilitators INSETA as learning Accredited and presenters, providers NQF Level 1; including specialists 5 credits (Investments & Legal). 8

THANK YOU OLD MUTUAL FINANCIAL WELLBEING PROGRAMME Exchanging information to deliver financial empowerment Old Mutual is a Licensed Financial Services Provider