In 2021, the Social Security and National Insurance Trust SSNIT convened and agreed to increase pension benefits by 10%. This rule took effect starting this year, January 2022. The principle behind this increase is known as indexation. Indexation is the…
The top thing that comes to people’s minds when the word pension comes up is senior people. This, therefore, speaks to the need for the development of senior-friendly pension solutions. The onset of the Covid 19 pandemic brought some critical…
As your business grows and evolves, there may come a time when you need to introduce new pension systems and processes to your staff. It could be that you want to get started on a workplace pension. Or maybe you…
How to save for retirement when you’re self-employed is a critical question that most entrepreneurs overlook. Somehow, amid all the hassle of running a business and managing its finances, pension saving doesn’t seem like a priority. For most people, the…
Today, Systech Limited, the brains behind FundMaster, announced its membership in the Africa ICT Alliance AfICTA. AfICTA is a private sector-led alliance consisting of ICT Associations and Multinational Corporations. It also comprises of Companies, Organizations, and Individuals in the ICT…
Pension data migration refers to moving pension data from one location, format, or application to another. Usually, it occurs when introducing a new system or site to store the data. Maybe you’ve been administering your retirement benefits manually, and you…
When it comes to pensions, having a plan is not enough. You need to set yourself up to make the most out of your pension pot. There are several ways to ensure you’re getting a good deal out of your…
How would you like to intern at Systech? Systech is a leading software development company specializing in creating software solutions for the African Pension Market. With our new graduate internship program, you will get the necessary experience to kickstart your…
The pension market is ever-evolving and requires a digitally driven approach that is focused on the customer. Therefore, fulfilling your pension needs requires you to invest in the best pensions administration software. So, what exactly does this entail? This article…
Most business owners, especially those running small and medium-sized enterprises, believe that investing in pension administration software is a want and not a need. However, a retirement benefits management system that automatically handles all pension administration processes and frees up…
Most companies are taking up the challenge to be compliant and enroll employees in a pension scheme. How can you effectively communicate with your team about the new developments when the majority are unfamiliar with the entire concept of retirement…
When trying to save for pension, the sooner you start, the better for you. But starting can be pretty difficult. You’ll need to determine how much you need- plus there are a lot of unknown factors to consider, for example,…