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Intermediaries and product providers will have to work together for South Africa to have any hope of addressing its shocking retirement funding legacy. The statistic that matters, published every-so-often by the Association for Savings and Investment South Africa (ASISA), is that only six in 100 retirees save enough to ‘buy’ a pension with a 75%-or-better replacement ratio.
The strongest deterrent against FSP compliance missteps is or should be: