Alexander Forbes Group Holdings limited review 2021

Posted on Jan 5, 2021 by Staff Writer

Rateweb | South Africa

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Alexander Forbes Group Holdings Limited
Type Public
Traded As AFH
Sector Financial
Industry Specialty Finance
Address 115 West Street
Sandown
Sandton
2196
South Africa
Phone 011269000
Products Risk aassessment, insurance, reinsurance broking, employee benefit consulting and administration, asset management consulting and multi manager investment
Revenue R4,2 Billion
Total Assets R282 Billion
Website www.alexanderforbes.co.za

Alexander Forbes Group Holdings is a Holdings company that operates in the Financial Services sector and is headquartered in Sandton, South Africa.

The financial services company is among the top in the industry, competing with other high-level players such as Sanlam and Outsurance.

The company has a presence in six countries in Africa and it also has a presence in the England Channel Islands.

Alexander Forbes was founded in 1935 in South Africa. The company has since been registered on the Johannesburg Stock Exchange and serve both private and public sector clients.

In Africa, the company has a presence in Botswana, Namibia, Uganda, Zambia, Zimbabwe and Nigeria. Its presence on the English Channel Islands is through its operations in the Bailiwick of Jersey.

Alexander Forbes has most of its operations in South Africa, over 90% of its profits along with operating income is derived from South African sources.

Although, the company’s long term objectives are to enter and conquer emerging markets.

The Group provides services and products that include: Risk assessment, insurance, reinsurance broking, employee benefit consulting and administration, asset management consulting and multi-manager investment.

Products and services offered by Alexander Forbes Group Holdings

For individuals

Money management

Alexander Forbes offers management services that help individuals with their finances. You will be able to keep track of your credit and to use it wisely.

You get insights that will help you manage your finances and being familiar with your credit score and report.

Budgeting

Many South Africans don’t budget let alone create a budget that is actionable. Alexander Forbes helps individuals with budgeting by giving tools and tips on how to budget their money.

Creating a budget that is of advantage to you is very important and Alexander Forbes excels in this regard.

All your retirement, medical scheme, household expenses and other contributions will be included in your monthly budget. Making sure that you live better today without compromising your future or that of your family.

Savings

Alexander Forbes has a number of financial planners that can help with savings. Savings can include investing in a tax-free savings account, creating emergency savings fund and saving on insurance.

The company’s advisors assist you according to your needs since there are multiple savings options to choose from. This gives you qualified advice and saves you time and in some instances money.

Investments

Investments take many forms and shape at Alexander Forbes. There are many investment opportunities to choose from, however, this is dependent on what your goal is.

You can invest and buy shares offshore through Alexander Forbes. If you are a high net individual you can also invest using the private wealth management platform that is exclusive for high net clients.

Other investment opportunities offered by Alexander Forbes include goal-based investment whereby you invest using a targeted goal, unit trusts and endowments.

Retirement

Investing in retirement is one of the best ways to secure a good life after retirement. Alexander Forbes has numerous retirement plans available for you as long as you are still an employee.

You can invest in a pension fund or provident fund or retirement annuity to earn constant income while on retirement. This choice is yours should you want a lump sum payment or annuity payment upon retirement.

Health

Alexander Forbes offers individuals an opportunity to own medical insurance. Medical insurance is for health care services regular visits to practitioners and you can cover your family on the same scheme.

The company also offer a gap cover for individuals to cover their medical aid expenses should their medical aid fail to cover the entire medical bill.

Insurance

Alexander Forbes offers comprehensive life cover that comes with flexible options and personal services.

Those over 55years benefit the most as they save more on their premiums. You can get a cover for disability income protection, disability lump sum cover and critical illness cover.

The company also offers short-term insurance such as motor vehicle insurance.

For business

Investments

Alexander Forbes offers investment services to businesses of different sizes. There are investment managers who help with the planning and execution of investments.

Retirement Fund

Employees, managers and directors can get retirement fund plans from Alexander Forbes, with the company catering for different industries and business size.

Companies can get annuities for employees, pension funds, provident fund, umbrella funds and other tailored retirement funds.

Alexander Forbes retirement solution

Since people move from job to job before retirement, Alexander Forbes gives a solution for this since it affects retirement income. Members can now keep their retirement in one savings vehicle, reducing costs and is more efficient.

Employers can take the following retirement plans for their employees: AFRIS living annuity, preservation and retirement annuity fund. These will be kept in one basket throughout the employee’s working career.

Health solutions

Alexander Forbes health offers Healthcare consulting, health management solutions and technical advisory services to companies. To learn about these you can click here.

Business Insurance

Alexander Forbes business insurance policy cover assets, earnings and legal liabilities of your business against loss or damage. Insurance can be for a single company or for a group of companies.

Insurance for employees that can be taken includes top-up cover, disability cover, critical illness, spouse cover, education cover, individual cover and funeral cover.

Alexander Forbes Group Holdings Limited Board members

Board Member
Raboijane Kgosana
Timothy Fearnhead
Paul Lindsay Heinamann
Sean Gaskell
Rael Gordon
Barend Petersen
Gilliat Todd
Jean-Charles Douin
H Meyer
J Van Wyk
N C Kolbe

Conclusion

Alexander Forbes Group Holdings Limited is a great company to work at as managers are given stock options upon employment. Above that the company has managed to employ over 3000 employees, making the company one of the biggest employers in South Africa.

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