SEB introduces Inflation Annuity Tracker to assist retirees
26 November 2013
Sanlam Employee Benefits has launched an investment portfolio which assists members approaching retirement with converting their defined contribution lump sum into an income for retirement. The Inflation Annuity Tracker portfolio tracks changes in the relative cost of an inflation-linked annuity caused by changes in interest rates and is an attempt by Sanlam to improve the prospects of South Africa’s retirees, more than half of whom cannot make ends meet (source: Sanlam Benchmark Survey 2013).