Vision and Mission
To be an exclusive organisation of graduate professionals, belonging to its members, which provides exceptional insurance benefits and a range of financial services to members, their families and associates. We further strive to provide peace of mind, security and consequently wealth for our members during their working lives and in retirement.
Value Proposition
Our members have a unique value proposition by belonging to PPS, as they receive all the profits of the company. Upon retirement, they qualify for a lump sum payout of all the accumulated profits.
Following the financial year end, PPS makes allocations to its members' PPS Profit-Share Accounts - the vehicle that accumulates PPS members' profit allocations. PPS's member surpluses are calculated so that members are rewarded for the PPS products they hold – the more qualifying products members have with PPS, the greater their allocations. Members can track the accumulation of profits in their accounts via their benefit statements.
Accumulation Phase (before 55)
Prior to retirement, the pooled PPS Profit-Share Account portfolio is invested to target a return of 5.3% above inflation over a rolling three to five-year period. This investment strategy is pursued to achieve maximum levels of capital growth over the long term, but it could result in short-term volatility.
Pre-Retirement Phase (55 to retirement)
From the age of 55, members can opt to take control of their PPS Profit-Share Account. The assets still only become available upon professional retirement (at age 66 or, should the member have cancelled their sickness and permanent incapacity benefits, at age 60). However, members can change the investment strategy to ensure that it is completely aligned to their savings objectives and risk profile. Alternatively they can choose to simply remain invested in the pooled PPS Profit-Share Account portfolio.
Post-Retirement Phase (upon retirement, from 60)
On retirement, members can access their PPS Profit-Share Account at no cost to supplement their accumulated retirement savings. Members can set up regular withdrawals and retain full control over how these funds are invested, while continuing to earn a share of the profits of PPS Investments for as long as the funds remain invested in the PPS Vested Profit-Share Account.
KEY Points to Bear in Mind
- Members receive a higher proportion of profits the more PPS Provider products they have.
- Members receive a higher proportion of profits the more cover they have.
Join PPS
PPS offers tailor-made insurance, investment and healthcare solutions exclusively for graduate professionals with an honours level*/equivalent or higher qualification, from a public institution or certain listed private institutions.
*Honours level equivalent qualification includes certain BTechs, 3 year undergraduate degrees or diplomas plus a postgraduate qualification or professional designation.
https://load.pps.co.za/about/vision-mission-values