PPS Group performance at a glance Our tailored financial solutions Retirement planning There are only around 480 pay cheques between when professionals start working in their 20s and when they shift gears later in life. Since many will live to the age of 85 or beyond, they will need an income for at least 240 months, covering normal day-to-day costs as well as other expenses such as medical aid. The only way to secure this is to start planning for retirement as early as possible and to select the right investment strategy. Estate and legacy planning The value of the legacies that graduate professionals leave behind depends on long-term planning. PPS’s estate and legacy planning service enables members to create a valuable legacy proactively. An estate plan allows them to protect and grow their assets during their lifetime and to ensure that their assets are available after their death to provide for loved ones. Business planning Business planning is designed to maximise tax efficiency and ensure business continuity in the event of serious illness or death. A sound business plan ensures the business is covered against such eventualities as accidental damage and personal liability claims. Risk insurance planning Risk insurance planning involves planning for unforeseen events including death, disability and severe illness. PPS ASE can help to mitigate the impact of unexpected occurrences on businesses and practices with appropriate lifestyle protection. Savings and investments planning Savings and investments have different purposes but both are crucial for professionals to reach their financial goals in the short, medium and long term. They provide financial security and, the longer the period of saving or investment, the better the return will be because of compound growth. Looking ahead Although economic recovery to pre-COVID-19 levels is likely to be slow, based on our performance in 2021 and 2022, we believe that we are well-positioned to continue our growth trajectory in 2023. In line with PPS’s Vision 2027 strategy, our goal is to double our business from our internal channel over the next five years. We aim to achieve this by continuously improving everything we do. We will continue to use the PPS Member Value Proposition as a marketing platform and the PPS ProfitShare Cross-Holdings Booster to facilitate cross-solutioning and add value to our members’ portfolios. Operationally, we will continue expanding our presence and entrenching our footprint in the country’s major cities while simultaneously extending our reach into important regional hubs. We also intend to stimulate growth by continuing to deepen current stakeholder relationships with professional associations and key partner organisations. 33
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