Many employees are under financial stress and either don’t save enough or at all. Moreover, those who belong to a retirement Fund assume that membership alone means they will be able to sustain their standard of living when they stop working. Few have sufficient information to monitor or assess the correctness of this assumption.
The founders of RISE have developed an integrated solution that enables every employee to monitor their retirement and savings status based on their personal needs, expectations and circumstances.
With minimal hassle employers can encourage and enable employee financial wellness for their employees. It is the right thing to do and makes significant business sense.
RISE is a licensed Fund Administration, Investment Management and Consulting business that offers affordable and practical one-stop solutions for the needs of retirement Funds and their members.
The RISE Platform provides members with all of the critical information they need to assess their contractual and voluntary savings status, including online access to information about Fund contributions, benefit values, fees and expenses and investment portfolio construction. Returns are updated as markets move – up or down. Other Fund stakeholders such as trustees and employers also have online access to necessary Fund information.
Our administration systems and processes are simple and easy to understand for Fund members, trustees and participating employers.
Our fees measure favourably with those offering comparable services and functionality. Our administration processes, data collection and investment methodologies entrench efficiencies and fee savings that benefit Fund members directly.
Members can choose from a range of passive diversified portfolios or actively managed specialist portfolios with building blocks selected to ensure asset-class and manager diversity.
Portfolio selection can incorporate a life-stage investment strategy. We also offer a Sharia-compliant portfolio.
Portfolio performance expectations are documented in written RISE investment portfolio mandates agreed on with each investor fund. Portfolio fact sheets report on performance targets against defined benchmarks.
RISE presents an unrivalled opportunity for members to save as individuals according to their needs and personal circumstances. There is no minimum amount or prescribed time period. Amounts saved can be either recurring or once-off or a combination of both. There are no minimums fees and full access to accumulated savings is guaranteed.
RISE members have access to:-
Members can transfer their existing retirement savings – tax-free – into a RISE preservation fund or retirement annuity or invest their after-tax proceeds in any of their RISE Personal Accounts. A retirement benefits counselling service is also available to members on the rise platform.