Retirement

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Annuity choices in retirement

28 June 2019 | General

As you approach retirement, one needs to decide the age you would like to retire at. More importantly, whether you can in fact retire with the available funds you have and if the income you will receive will sustain you for the rest of your life.

Institutional DFMs - an excellent solution for retirement funds

27 June 2019 | General

With the aim of ensuring fair outcomes for financial customers, South African regulators are advocating for a greater separation of financial advisory and investment management activities. Consequently, financial advisors are increasingly partnering with Discretionary Fund Managers (DFM).

Think in reverse about your retirement savings

24 June 2019 | General

There is a major gap between expectation and reality when it comes to saving for retirement. Many South Africans don’t consider that they need to replace their current income once they retire from work. According to Ferdi Booysen, Head of Client Solutions at Old Mutual Wealth, this is why it is important to first determine what amount of income you want to receive from your retirement funds, in order to determine what you need to save now to be able to maintain your desired standard of living during retirement.

Is your preferred retirement fund geared for Millennials?

18 June 2019 | General

Millennials’ (25 to 34 year olds) representation in the workplace is growing rapidly and this group is expected to make up almost a quarter of the global workforce by 2020. Based on data analytics, Momentum Corporate is already seeing the generational shift in the profile of the retirement fund membership – with 52% of members being Millennials, up from 39% in 2013.

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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