Tag Archivesretirement

The state of the South African retirement crisis

A guaranteed income for life and leaving money for children and grandchildren are the most important needs for South Africans when reaching retirement. This is according to Just Retirement Insights, independent research commissioned by Just in which South Africans between the ages of 55 and 85 years in the major metropolitan areas were interviewed. When […]

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Things to consider before jumping into global diversification

With the changes to Regulation 28, many retirement fund trustees are keen to increase their exposure to other markets. However, it is crucial that trustees have a granular understanding of their current exposure before making any decisions. (more…)

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Catering to current and future workforce needs

The face of South Africa’s workforce is changing. In 2013, 39% of employees who had employer-provided benefits with Momentum Corporate were millennials, but today – just five years later – millennials make up the majority (51%) of this member base. Yet few South African employers have adapted to the ever-shifting landscape, with many offering the […]

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Mercer index

Mercer’s Global Pension Index: SA’s rating improves

This year’s Melbourne Mercer Global Pension Index (MMGPI) was recently published. The Index measures the retirement income systems for 34 countries against more than 40 indicators. These include sub-indices measuring the adequacy, sustainability and integrity of the retirement system. (more…)

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Financial decisions you need to make at retirement

Contemplating the financial implications of retirement is one of the most important issues in life. With this in mind, Gary Fisher, certified financial planner and Head of Member Education Services at Alexander Forbes, has noted some of the most important financial decisions required as you embark on the next chapter of your life: (more…)

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Factors to consider about your retirement plans when changing jobs

Many people are more likely to change jobs during their working life. When this happens, individuals must consider the financial implications that comes with changing jobs, especially long-term plans such as retirement planning. (more…)

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Are fees taking the bonus out of SA smooth bonus funds?

Given the volatile nature of local markets in recent years, smooth bonus funds have increased in popularity among South Africans seeking a more stable ride to retirement. This most likely shows that South Africans, especially those who are most vulnerable, are opting for all the protection from market volatility that they can get. (more…)

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Retirees must budget carefully for medical aid expenses

People saving towards retirement often overlook or downplay the impact that future healthcare needs have within their retirement planning framework, which then results in these costs eroding income earmarked for other necessities. (more…)

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