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Business as usual

13 May 2004 Angelo Coppola

According to a statement released by SAnlam it will be business as usual as Innofin/SP2’s business moves from the investment cluster to the Sanlam Life cluster.

“Innofin will be kept intact as a separate business entity within Sanlam Life,” says Johan du Preez, who remains chief executive officer of Innofin.

“The company will remain focused on its client relationship strategy.”

Quick Polls

QUESTION

There are countless articles written about South Africa’s poor retirement outcomes. Which of the following would you single out as the biggest contributor to local savers not accumulating enough to buy an adequate and sustainable pension?

ANSWER

Lack of personal accountability
Poor participation in formal retirement funds
Reluctance to seek financial advice early on
SA’s high unemployment rate
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