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Retirement reform costs - the expensive elephant in the room?

25 June 2014

Who will end up paying the costs?

How the behavioural gap can jeopardise your retirement savings

25 June 2014

The average investment fund underperforms the index by around 2% per year, with the average investor underperforming the average fund by a further 2% to 4% per year. This happens as investors chase past performance and switch funds based upon what has worked in the past.

The "luxury of eating pet food” years after retirement will remain a pipe dream for many

19 June 2014

Data made available by the Financial Services Board in May 2014, suggests that the total membership of umbrella funds across five of the largest insurers in South Africa is in the region of 1.2 million with the total assets held on behalf of the members being approximately R136 billion. This means that on average each member has approximately R120 000 in their retirement savings account with that particular umbrella fund. Although this is an astonishing low amount, we must consider members' average age as well, which would be around 40 years old for a working person.

Simplifying the complexities of retirement reform in SA

17 June 2014

Many articles have been written about retirement reform and even more have speculated on the possible consequences that this would have on the retirement fund industry. These articles tend to be complex and rightly so, as retirement reform in its own right is a very complex issue.

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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