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In the coming decade, the number of ultra-rich South Africans in the country is expected to increase by about 40%. Yet the percentage of this group that will maintain their lifestyles into retirement is significantly smaller, this is according to Jason Garner, Strategic Relationship Manager for Private Wealth Management, a division of Old Mutual Wealth.
For trustees to get the best possible returns for their members’ retirement funds over the long term, they need to include more inflation-beating growth assets such as equities, which have been proven to outperform all other asset classes over the long term. Cash might be low-risk but it doesn’t keep up with inflation.
Financial services provider Metropolitan pro-actively addresses clients’ unclaimed pay-outs.
Most of us are aware of the sad state of our national savings in South Africa (SA), which has been in a state of steady decline over the last two decades. However, the important role that savings plays in the country’s sustained economic growth has not always been appreciated.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?