Reducing investment and sequence risk: stop short-term needs from ruining your long-term goals
12 July 2024
South Africa has one of the largest retirement sectors in the world as a percentage of GDP. Despite this, our local retirement fund system ranks consistently low in the level of benefits and outcomes provided to retirees. One reason is the low preservation rate of retirement savings, as many South Africans cash out their savings when they change jobs or resign to access their retirement savings. This results in poor retirement outcomes for those individuals, as they fail to preserve their savings and are less able to sustain their quality of life in retirement.