Retirement

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Retirement saving in a volatile investment environment

22 November 2016 | General

Whether it is your first day of employment or the last month of your working career, deciding on the best investment options for your retirement savings can be a daunting task, even for financially astute investors. Many retirement fund members find the range of choice intimidating.

Current market conditions and no advice may see pensioners impoverished

21 November 2016 | General

According to Just Retirement research findings, almost two-thirds (64%) of South Africans will not seek advice when investing their pension and only half of them understand annuities - with limited understanding of living annuities and no understanding of enhanced annuities. Even with limited or no understanding of where to invest their retirement capital, most South Africans continue to choose living annuities at retirement to draw down a higher income with the risk of running out of savings. The research surveyed South Africans between the ages of 55 and 85 in the major metropolitan areas.

Changing jobs? remember to preserve your savings

14 November 2016 | Savings & Investments

Millennials are renowned for job hopping. The 2016 Deloitte Millennial survey found that over 75% of South African millennials will switch jobs within the next five years and the 2016 Jobvite Job Seeker Nation Study found that 42% of millennials expect to change jobs at least every one to three years. Whether job hopping is considered beneficial or detrimental to one’s career prospects is debatable, but what is not debatable is the importance of preserving retirement savings when changing jobs.

Poor health increases monthly income for pensioners

11 November 2016 | General

With World Diabetes Day on 14 November, we are reminded of the profound impact the illness has on South Africans. The latest report of the International Diabetes Federation (IDF) shows that the number of South Africans who suffer from diabetes is on the increase, where approximately 15% of South Africans above the ages of 50 to 79 suffer from the disease in retirement. However, pensioners are able to receive a higher monthly income if they suffer from ill health.

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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