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If you’re saving for retirement either through formal pension funds, retirement annuities or via a Regulation 28-compliant unit trust, you should be aware that from 3 January 2023, your funds are now able to invest in infrastructure assets and will have a higher private equity limit.
Investing in retirement products not only offers tax benefits but is designed to offer a structured approach to saving towards retirement over the long term, along with features to help safeguard retirement savings.
According to the South African Treasury, only 6 out of every 100 South Africans will be able to retire comfortably.
South Africa’s retirement fund legislation has undergone a series of changes since 2012 as part of government’s Retirement Reform process, which is aimed at ensuring that retirees make adequate retirement provision.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?