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Think in reverse about your retirement savings

24 June 2019

There is a major gap between expectation and reality when it comes to saving for retirement. Many South Africans don’t consider that they need to replace their current income once they retire from work. According to Ferdi Booysen, Head of Client Solutions at Old Mutual Wealth, this is why it is important to first determine what amount of income you want to receive from your retirement funds, in order to determine what you need to save now to be able to maintain your desired standard of living during retirement.

Is your preferred retirement fund geared for Millennials?

18 June 2019

Millennials’ (25 to 34 year olds) representation in the workplace is growing rapidly and this group is expected to make up almost a quarter of the global workforce by 2020. Based on data analytics, Momentum Corporate is already seeing the generational shift in the profile of the retirement fund membership – with 52% of members being Millennials, up from 39% in 2013.

Two steps forwards and five steps back

12 June 2019

Retirement savings, one of the most talked about topics at the moment, needs a fresh approach and more detail on how we can possibly approach this was under discussion at the recently held Batseta Conference. One specific question that was asked was whether retirement funds are geared up for the future.

How can we make retirement great for generations to come?

11 June 2019

The 2019 Sanlam Benchmark research - South Africa’s most comprehensive and respected retirement industry study contains the country’s first analysis of how the default regulations were implemented by retirement funds.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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