Efficient Benefit Consulting is a specialist independent employee benefits consulting company that focusses on providing customised, value-added retirement fund solutions to members, employers, and Boards of Trustees.
Efficient Healthcare Consulting offers independent, unbiased healthcare advisory services tailored to corporate needs. As part of the Efficient Group, it conducts annual reviews of product providers to ensure compliance and quality. Services for employers include scheme administration, payroll updates, quarterly reporting, wellness day facilitation, and employee training support. Acting as an intermediary between companies and providers, the team ensures seamless communication and tailored healthcare solutions that meet both organisational and employee needs.
Our Retirement Benefits Counselling Service, highlighted by the Default Regulations effective from 1 March 2019, is crucial given that only about 6% of South Africans can meet their retirement income goals, and 97% withdraw their savings in cash upon resignation or retrenchment. The Pension Funds Act mandates access to counselling when members join, leave, or retire from the fund. Our service offers access to counsellors at walk-in centres or via email and telephone, proactive contact, regular communication, and customisable contact frequency. Counsellors provide information on available options, including default annuity and preservation options, and explain tax implications, performing calculations if requested. Communication is clear, simple, and available in all South African official languages. Members can be referred to accredited financial advisors if needed. EFBC provides quarterly reports on member interactions, ensuring member interests are protected as required by Section 7C of the Pension Funds Act.