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Improvements in the provision of healthcare available to many South Africans have led to an increase in the life expectancy for the average citizen in recent years. However, this reality also means that people need to save far more for their retirement th
South Africa’s employers have a vital role to play in solving the country’s retirement savings shortfall. This is the conclusion drawn by Sanlam after analysing the results of its 2013 Sanlam BENCHMARK Survey, the nation’s most comprehensive annual retire
One of the biggest risks that Defined Benefit (DB) pension funds face is that of fluctuating interest rates and the subsequent impact that this has on the funds’ liability. As a result, it has become increasingly necessary for DB funds to reduce their int
According to Niel Fourie, public policy actuary at the Actuarial Society of South Africa, government is offering an increased incentive to save towards retirement – it’s not mandatory, but you’ll save on taxes.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?