Explore the Category
Life after retirement requires adjustment – both psychologically and financially.
At the recently held 2018 Morningstar Adviser Forum, one of the speakers pointed out that the problem with providing retirement saving advice to South African’s is that the South African public is extremely diverse and has a range of unique needs that need to be catered for leading up to and post retirement.
A guaranteed income for life and leaving money for children and grandchildren are the most important needs for South Africans when reaching retirement. This is according to Just Retirement Insights, independent research commissioned by Just in which South Africans between the ages of 55 and 85 years in the major metropolitan areas were interviewed.
Given the volatile nature of local markets in recent years, smooth bonus funds have increased in popularity among cash-strapped South Africans seeking a more stable ride to retirement. This most likely shows that South Africans, especially those who are most vulnerable, are opting for all the protection from market volatility that they can get.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?