Smoothed Bonus Funds weather market volatility
As volatility continues to strike financial markets, many pensioners have begun nervously glancing at their investment portfolios. Pensioners invested in living annuities are feeling especially vulnerable as they are dependent on stable returns to ensure their retirement capital does not decrease. In light of this, it is an excellent time for retirees to invest in a smooth bonus retirement product, says Danie van Zyl, head of guaranteed investments at Sanlam Employee Benefits (SEB).