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Win-win: The proposed two-pot retirement saving system balances flexibility with preservation

05 September 2022

As of 1 March 2023, if all goes according to plan, members of retirement funds in South Africa will be able to withdraw a portion of the money they have saved in their fund should they need that money for any reason.

World events affect the value of retirement savings

01 September 2022

The war between Russia and Ukraine has affected trade and financial markets throughout the world. Many countries, including South Africa, rely on both these countries to import and export goods and resources.

SME employees not saving enough for retirement

16 August 2022

On the back of the widely known statistic that over 90% of South Africans are not in a position to retire comfortably, FNB Employee Benefits has also noted a growing trend amongst SME employees not fully understanding or saving enough for retirement.

Only 480 pay-cheques to go until retirement: Better get started!

16 August 2022

If you think you have thousands of paydays until retirement, think again. At age 25, with a retirement age of 65, you can expect just 480 more pay-cheques until retirement, at 35 around 360, at 45 around 240, at 55 around 120… “Thinking of your income as finite can be a wakeup call and is a very good reason to make every single month count,” says Karen Wentzel, Head of Annuities at Sanlam Corporate.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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