Alexander Forbes Integrated Annual Report 2017

Expand across select sub-Saharan African and emerging market geographies

achieved in progress not achieved

Ambition 2022 Performance against ambition
Grow emerging markets operating income (15% – 20% p.a.) at or above market growth (15%)
Actions Progress 2017 progress 2018 plans Ambition 2022 Risks
Anchor a broad pension fund spectrum on a simple product offering
  • New strategy
  • Expansion into one or two African countries
  • Be the globally distinctive pan-African financial services leader
  • Digital disruption; widely delayed economic recovery on the continent
Maintain growth in SADC markets (Namibia and Botswana)
  • New strategy
  • Delivery of two new innovative products
  • Cost-efficient diversification of client base
  • Be the undisputed leader in umbrella fund value propositions in the SADC region
  • Digital disruption
Targeted expansion in line with growth objectives in West Africa
  • New strategy
  • Establish inroads for platform hub in Nigeria/Ghana
  • Established platform hubs in East, West and North Africa
  • Very high multiples asked in acquisitions
Improve retail market penetration on the back of institutional business
  • New strategy
  • Increase the retail division’s share of revenue to >8%
  • Increase retail share of revenue to >40%
  • Digital disruption; widely delayed economic recovery on the continent

Some things in life is just better viewed on a big screen Please open this report on a tablet in landscape mode or bigger screen.