Retirement

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Behavioural finance and its impact on retirement outcomes

22 May 2015 | General

Behavioural finance is a new area of financial research that explores the psychological factors affecting investment decisions. The fundamental basis of behavioural finance is that investors are not rational, they are prone to cognitive and behavioural biases. These psychological factors affect investment decisions, distorting information and causing investors to reach incorrect conclusions even if the information is correct. Whether we are active members, pension fund trustees or asset consultants, we are all prone to the same biases and decision-making foibles, says Andrew Rumbelow, Segment Head: Institutional Business at Sanlam Investments.

Financial decisions to consider before turning 30

21 May 2015 | Savings & Investments

Recently I found myself reminiscing about all the financial decisions I had to consider before turning 30 and the pressure one feels as the big 3-0 approaches, to make sound financial decisions, because life was just too short to fumble with my financial future.

Delays to retirement reform shouldn’t mean delays to your retirement savings

21 May 2015 | General

The 2015 Budget reminded us that retirement reform is an ongoing process, with several of the proposed changes potentially coming into effect on 1 March 2016 at the earliest. Understandably, potential investors would rather have certainty before making investment commitments, but delaying saving while waiting for clarity is a bad idea, according to Richard Carter, head of product development at Allan Gray.

Tax-Free savings accounts – relevant for affluent investors?

20 May 2015 | Savings & Investments

South Africa, on the whole, has a notoriously bad savings rate and the statistics pointing out how many people can actually afford to retire, are regularly reported on. This prompted National Treasury to introduce the tax-free savings product to encourage people to save more. Worldwide, we’ve seen the positive results in the take-up of these products and we hope to see a similar appetite locally.

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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