Retirement

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Trustee apathy may be to the detriment of retirement fund members

13 April 2016 | General

Retirement fund trustees have a fiduciary duty to protect and grow the future assets of their fund members. However, apathy on the part of trustees may lead to decisions being taken that are not in the ultimate best interests of the fund members.

Invest in your child’s retirement

13 April 2016 | Savings & Investments

The current economic climate is presenting major challenges for consumers and an improved savings culture may seem an unachievable goal in the short term, in a country where the savings rate is just 15.4% of GDP. These statistics from the South African Reserve Bank highlight the need for the consumers to address the low propensity to save. An early age introduction of financial concepts, such as retirement planning and budgeting, may be one of the solutions needed to improve our savings rate and reduce dependency on the state.

The simple art of proof of life: more than just a Home Affairs check

12 April 2016 | General

In the retirement fund industry, as well as the life insurance industry, it is vital to establish that the beneficiary of annuity payments is still alive. A regular check that they remain alive could save many thousands of rands and help prevent fraud.

Retirement savings: South Africans battle to take ‘tough decisions’

12 April 2016 | General

One of the most significant trends across the globe is the continuing increase in human longevity, largely due to ongoing improvements in nutrition, public health and medical technology. For working South Africans saving for their retirement, the impact can be dramatic – the fact that we are living longer than our predecessors means we need far more money for a much longer period of retirement.

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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