What you really need to know before you retire
11 March 2015
According to the Association for Savings and Investments in South Africa (ASISA), 89% of all retirement money went to living annuities in 2013, compared to only 59% a decade ago. While living annuities have become increasingly popular in the recent years, partly due to the increased cost involved in buying guaranteed annuities, National Treasury has raised concerns that investors do not always make the most informed decisions or act in a responsible manner when choosing a living annuity.