Tag Archivesretirement

Eunice Sibiya, Head of Consumer Education at FNB

Financial planning as a single parent

Education, groceries, clothes and entertainment are some of the costs that parents must provide for their children. However, for some single parents the weight of expenses can be immense because they only have one income. (more…)

Read full story
drawdown & failure rates

What does history teach us about living annuities?

Retirement can be a daunting prospect. Not only is it a time of personal adjustment, but it is also a time to make financial decisions that will impact your lifestyle for the rest of your life. Retired investors commonly face the dilemma of either maintaining a certain lifestyle or adjusting it in order to preserve […]

Read full story
Lesley-Ann Morgan (sml)_7580

As much income as possible at retirement, thank you

Megatrends in default investment strategies: What we can learn about post-retirement investment strategies from the UK and Australia. Last week at private dinner engagements hosted by Sanlam Investments in Johannesburg and Cape Town, Lesley-Ann Morgan, Global Head of Defined Contribution and Retirement Strategies at Schroders UK, shared fascinating insights into post-retirement default strategies and drew […]

Read full story
Sara Herbert

Steps approved to action retirement fund reform

The next significant step in Government’s reformation of the retirement fund industry was taken last month (25 August 2017) and saw the implementation of the final retirement funds default regulations on 1 September 2017. Existing funds, however, have until 1 March 2019 to comply. (more…)

Read full story

Retirement lifestyle villages ‘increasingly attractive’

“Most older people would prefer to remain in their homes for as long as possible,” says Arthur Case, Chief Executive Officer of one of SA’s largest providers of retirement living – Evergreen Lifestyles. “But what is crucial is to decide early on what that home is. Are we thinking about staying on in our family […]

Read full story

How South Africans can improve their savings for retirement

Working out how much an average South African needs to retire comfortably is theoretically a simple process: actuaries calculate a figure taking into account the Consumer Price Index (CPI), expected rises in inflation and the cost of living, and the percentage of the salaries that people would need to save in order to offset those […]

Read full story
Paul Leonard

Paying the taxman

By Paul Leonard CFP®, Regional Head: E Cape, Citadel. Tax season – the period during which you are required to submit your annual income tax return – started on 1 July and is now in full swing so I thought it would be interesting to look at how long we work for the taxman in […]

Read full story
Yvette Harris Principal Consultant at Simeka Consultants and Actuaries1

What power do women have over finances?

On average women tend to outlive men by up to seven to ten years, according to the World Health Organisation (WHO); additionally they have longer breaks away from work due to maternity leave and generally earn 15% to 17% less than their male counterparts. All these factors impact a woman’s ability to save effectively for retirement, […]

Read full story