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Longer retirement years highlights the need for stricter retirement savings

04 December 2012

The recently released Rapid Mortality Surveillance Report 2011 revealed that the average life expectancy in South Africa has improved from 58.1 in 2010 to 60 years in 2011. According to Henry van Deventer, Head of Business Development at acsis, the longer

Is the RA still a viable retirement savings product?

28 November 2012

Life assurance (underwritten) retirement annuities (RAs) are again in the spotlight due to high termination penalties as a result of their upfront fee structure, but Liberty warns that before vilifying this long-standing savings product people should stud

SA employers urged to focus on a smooth transition to umbrella funds

26 November 2012

The drive for cost containment and fund governance, as well as the onerous risk and responsibility of trustees in an increasingly legislated environment, has seen many employers in the South African retirement industry opt for umbrella funds as a way to m

Rate Victims - Pensioners on half income need a new plan

22 November 2012

South Africa has a new class of vulnerable, threatened citizens – ‘rate victims’ on pension who are reeling from the prolonged effects of historically low levels of interest.

quick poll

Question

What do you believe will be the biggest challenge when the COFI framework is finally implemented?

Answer

The cost and complexity of relicensing Demonstrating customer outcomes through data and reporting Embedding a customer-first culture across the business Aligning existing compliance frameworks with COFI requirements

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