SEB Insight April 2017 | Page 3

Dear reader I f anyone thought 2017 would be a less disruptive year than 2016, they would probably have given up by now. If the financial markets’ performance during the first quarter is anything to go by, then we’re once again in for some uncertain times. This is not good news, to say the least. And good news is what the employee benefits industry needs to thrive. Good news that creates economic growth and more jobs. Good news that ensures stable investment markets and real investment returns. And good news that retirement fund members are being looked after much better than ever before. In this regard we as an industry have a collective role. We can’t control the direction of financial markets but we can certainly ensure retirement fund members always get the best deal possible. At Sanlam this is something that’s very close to our hearts. After all, the success of the retirement system is a function of the success at member level. And this is why we welcome the draft retirement fund default regulations put forward by National Treasury at the end of last year. We believe that once implemented, these regulations will go a long way to ensure a smooth path for many members from their first pay cheque until the end of their retirement. In the same vein, this first edition of Insight for 2017 focuses on topical issues that are pertinent to ensuring the best possible outcomes for members. I trust that it will inspire you. Kind regards Dawie de Villiers, CEO: Sanlam Employee Benefits 1