17.5 C
Johannesburg
Thursday, May 23, 2019
Home Breaking News Meet “gauge” your retirement future: Goal Gauge app

Meet “gauge” your retirement future: Goal Gauge app

 

By Staff Writer

Denver Courtier (not his real name) is a typical young South African, who claims he is too young to worry about retirement right now. While many people on low incomes believe they do not have enough to save, since their income barely covers the essentials.

Looking at your financials today and seeing yourself as you will in the year 2065 is frightening.

But finally help is here.

Yellowtail is bringing to South Africa an app developed by Figlo that is planning to take you to ‘your retirement age with comfort’.

The Goal Gauge app is an online application that enables financial advisors and their customers to more accurately and efficiently determine and plan their retirement goals and objectives.

It is a new application within the Figlo Platform, the integrated holistic planning solution that helps the customer to determine whether their retirement goal is achievable, what asset allocation is required to optimise it and how to align and update current and new investments to achieve these goals.

“Knowledge is power when it comes to retirement planning, setting retirement goals and actions is one of the best ways to kick-start and best manage retirement planning,” says Yellowtail’s Maarten Boddeus, principal consultant and Figlo Specialist.

Yellowtail’s Maarten Boddeus, Principal Consultant and Figlo Specialist
Yellowtail’s Maarten Boddeus, Principal Consultant and Figlo Specialist

“Our clients are looking to improve the quality of advice they give their customers; Goal Gauge is a nifty tool that it enables this. Now financial advisers are more easily able to provide accurate and targeted advice, delivering a plan that is tailored to the customer’s life goals.”

Goal Gauge was developed to enable financial services organisations to improve the quality of retirement planning advice they offer through a process defined as ‘direct insight’.

By inputting data into the application, financial advisors are able to assess whether their customer will achieve their investment objectives. For instance they are able to assess whether the savings and investment products remain relevant to the profile and what effect depositing cash or changing the risk appetite will have.

The program utilises simple graphs and diagrams, making the information easier to understand.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

How Technology is Driving Down the Price of Insurance & Improving the Service

­­­­Insurance has been known as the dinosaur in the tech space but things are changing at a rapid pace. A large amount of traditional...

The City Of Joburg Is Selling Its Failed Broadband Network Asset

The City of Johannesburg (CoJ) is selling its failed broadband network asset to a third party, according to a notice on the company’s website. The...

Vodacom May Make A Bid To Buy Broadband Infraco

Vodacom is looking at the possibility of making a bid for state-owned internet company Broadband Infraco, according to people with knowledge of the situation. The...

South African Regtech Startup Intergreatme CrowdFunds R29 Million

South African regtech startup Intergreatme has raised R29 million on Uprise.Africa crowdfunding campaign. Intergreatme wanted to raise R24 million from the crowd to grow its...

Is It Possible You’ve Been Collecting Data For No Reason?

by Yashar Behzadi Artificial intelligence has ignited a fire of excitement throughout the business world. The idea of systems that can identify, categorize and comprehend inputs...