Retirement

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Why are South Africans not saving more? SA’s savings dilemma

20 November 2014 | Savings & Investments

South Africans are frequently criticised for being notoriously bad savers. This label is borne out by a recent study which shows that only 20% of South Africans have any kind of formal savings with a recognised financial institution. We don’t compare well internationally either: even compared to other BRICS countries South Africa has the lowest savings rate at 13.5% with a household savings rate of just 1.7%.

Retirement: What to do when your nest egg is not enough

17 November 2014 | General

After years of dedicated service and hard work, you feel that you have earned the right to enjoy a comfortable retirement. Unfortunately, this is not the reality for many South Africans. Research shows that many people realise that they have a shortfall of retirement savings that may not sustain them for the rest of their lives.

Actuarial Independence: the Holy Grail for retirement funds

14 November 2014 | General

A two-pronged strategy for absolute transparency, proactive and intelligent risk management and exemplary corporate governance in retirement funds.

Pension funds that adopt a responsible investment approach

12 November 2014 | General

Most working South Africans look forward to a comfortable retirement. Industry research has shown that less than 10 percent of South Africans will be able to retire financially comfortably. Those that are able to retire, will do so on limited income, while others will either be forced to work until they die, or rely on family and friends for some assistance. The latter is likely not the dignified retirement that most envisioned. For those that are able to retire and buy a pension, a few tough decisions are crucial at this time of one’s life to secure a promising future.

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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