Retirement / General

The pros and cons of post-retirement annuities

If you are about to retire and concerned that your retirement savings won’t be sufficient to draw a sustainable income, you might be weighing up whether a guaranteed life annuity or a living annuity will be best. Here are some of the main factors you should consider before deciding on which to purchase with your retirement benefit.

A Gift that Keeps on Giving in Retirement

Retirement is probably the only time you can justify spending your life’s savings. With current laws requiring that pensioners buy a living or life annuity product with at least two thirds of their retirement savings when they retire, it’s also likely to be a gift that you buy yourself and may not be wrapped as you would expect.

Will the proposed two-pot retirement system help SA savers?

South Africa ranks 34th in the Mercer CFA Institute Global Pension Index