Welcome to PSGK Corporate's first quarterly newsletter. We believe that empowerment comes with knowledge and our aim is to provide you with the knowledge to make the right decisions about employee benefits and the protection of their assets. The financial landscape is dynamic and can be a minefield for employers. We want to lighten the load by highlighting current issues and offering an insight into trends and new legislation in the financial services industry.

PSGK Corporate has announced the establishment of a comprehensive asset consulting capability as of June 2011. The service will be offered in conjunction with PSGK Corporate's existing Employee Benefit service ensuring that a complete consulting solution can be offered to existing and new clients.

"The debate about the financial literacy of South Africans or the lack of it, has always been interesting and one of the major contributing factors as to why we do not save efficiently for retirement, nor ask the right questions when it comes to retirement funds," says Nerine Brink of PSGK Corporate.

While confusion reigns over the interpretation of the Prescribed Minimum Benefits (PMB) regulations we believe that it should not be viewed with the same trepidation as a 'dreaded disease'. "The best defence," says Ian Taylor, Executive Practice Head - Healthcare at PSGK Corporate, "is for members to be as informed as possible."

Why do companies need additional insurance cover? Bertus Oosthuizen, Executive Practice Head, Short Term PSGK Corporate answers the question, 'the Consumer Protection Act and Companies Act have made consumers more powerful and companies more vulnerable.