South Africans who have relocated abroad often have several policies and assets left back home. Though they usually repatriate some of the funds offshore at some stage, they’re not always adept at understanding all the rules and regulations of offshore transfer and at a loss when trying to move these funds abroad.
One such fund which is often overlooked is the Professional Provident Society (PPS) policy.
What is PPS?
The Professional Provident Society (PPS) is the only mutual financial services company in South Africa with an exclusive focus on graduate professionals. They are an authorised financial services provider offering tailor-made insurance, investment and healthcare solutions for graduate professionals in South Africa.
Unlike companies listed on a stock exchange, PPS belongs to its members, which means members with qualifying PPS products have exclusive profit share in the PPS group. Each PPS policyholder is a shareholder and all profits and investment returns generated by the PPS Group are allocated to its qualifying members.
Do you hold policies with PPS?
If you’re a South African living abroad who holds policies with the PPS in South Africa, you need to consider the implications of these policies from an emigrant perspective.
There are, for instance, exchange control and other legislative regulations to consider – an area which could prove hazardous and a confusing terrain for the inexperienced individual or financial adviser. Fortunately, finglobal.com is the accredited PPS advisor for members of this service who have relocated abroad.
The finglobal.com PPS services
Finglobal.com can manage your PPS portfolio and ensure that your:
- insurance cover and associated benefits are up to date and correctly positioned
- South African claims are processed quickly and efficiently
- investment component of your PPS portfolio is maximized and managed effectively
- funds from a PPS source can flow freely offshore
More information about PPS
For more information about PPS, visit their website or download their free guides below:
Contact finglobal.com for your free PPS consultation
If you hold PPS investment products or are uncertain of the scope of your South African financial portfolio feel free to leave your details and one of our financial planners will contact you for a cost- and obligation free consultation.[contact-form-7 id=”6581″ title=”Blog post (call me)”]
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Please contact me regarding my PPS policy. I am currently abroad and am investigating the options to cash this policy in.
Thank you for your query. If you can please send us your contact details we’ll ask one of our financial consultants to contact you regarding your PPS policy. https://www.finglobal.com/please-call-me/
Would like to speak to advisor regarding cashing in my PPS RA policies and still keeping my PPS life cover in effect and the implications thereof. I have relocated from SOuth Africa last year.
You can submit your contact details via our website for a free and no obligation quote : https://www.finglobal.com/please-call-me/