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Sanlam Investments’ multi-manager business CIO, Selwyn Pillay says; “we agree with the consensus sentiment that investing in equities is one of the simplest and best solutions for maximising returns over the long term. Moreover, risk of capital losses reduces as time goes by.”
The Mines 1970 Unclaimed Benefits Preservation Pension and Provident Funds has improved their tracing rate by 36,5% in the past 18 months to see more than R24-million in unclaimed benefits paid to beneficiaries.
While long-awaited retirement fund reforms have been postponed by at least a year, South Africans should not wait before they increase their levels of contributions.
One of the biggest problems with the retirement industry is that we are expecting a system that was established 40 years ago to be relevant today. This was the main message from Philip Bradford, President of CFA South Africa, who was addressing the media on what has been a significant area of focus over the past two years.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?