Retirement

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The (not so bright) future of retirement for South Africans calls for more savings

05 December 2017 | Savings & Investments

The Schroders Global Investor Study 2017 – a survey conducted by global asset management firm, Schroders, of over 22,000 wealth investors* in 30 countries – has found that non-retired investors in South Africa feel they should be saving 17.8% of their income each year, to live comfortably in retirement – a lot more than they currently do (12.2%), and significantly higher than global investors feel they should be saving (13.7%), on average.

Retirement savings vulnerable to tax increases

04 December 2017 | General

South African taxpayers now find themselves in unchartered territory with the Presidential Fiscal Committee (PFC). We all know tax increases are on its way, the question is which tax types and by how much. Although this will remain a closely kept secret, many will undoubtedly feel they should have planned better.

Living annuitants will not leave a legacy unless essential spending is covered

13 November 2017 | Annuities

One of the reasons given for the popularity of living annuities is that, on death, the remaining capital can be left to beneficiaries. Based on analysis by Just, a provider of sustainable income solutions in retirement, it is only the one-third of living annuity investors drawing less than 5% p.a. that have a high probability of leaving some legacy to beneficiaries.

Can alternatives transform retirement fund returns?

26 October 2017 | General

Azola Zuma, Chief Executive for Sanlam Investment Management, debates with us the environment of ‘lower returns for longer’ that investment managers and retirement fund trustees have to face. In this context, she shares some of the thought-provoking insights offered by a panel of prominent professional trustees, CIOs and asset owners at the Sanlam Investments Institutional Insights conference in September. The panel were discussing their experiences of investing in alternative asset classes. TV anchor, Iman Rappetti, MC’d the event and set the tone for the discussion by asking the panel, including Mabatho Seeiso (Professional Trustee), Shainal Sukha (Investment Professional and Asset Consultant), Ndabe Mkhize (Chief Investment Officer of the EPPF) and Themba Mfeka (Principal Officer for the MWRF), “In the context of this low-return environment, surely it makes sense to add alternative investments to portfolios as a powerful diversification tool and source of alpha?”

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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