Tag Archivesretirement

saving-versus-investing

SA’s top three savings priorities

Insights agency, Columinate, recently surveyed a representative sample of 1 000 urban South Africans to gauge their savings habits, including their preferred savings vehicles, and the results inspire optimism. Top three reasons for saving 44% of respondents noted that they’re saving for their children’s education, 43% save for emergencies, and 42% are saving for their retirement. […]

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Katherine Barker, Head of Momentum FundsAtWork

Knee-jerk decisions undermine employees’ retirement outcomes

Retirement fund members invested in more aggressive portfolios delivering poor returns during certain market cycles may be tempted to make emotional, short-term decisions. Katherine Barker, Head of Momentum FundsAtWork, says financial advisers play a key role in helping members to avoid hasty portfolio changes that reduce the probability of reaching their long-term retirement goals. (more…)

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Jeanette Marais

Criminal self-sabotage: Cashing out your pension fund prematurely

By Jeanette Marais, CEO of Momentum Investments Cashing out your pension fund every time you change jobs may seem like a quick cash-flow fix in the moment, but in actual fact, it’s self-sabotage. Every time you borrow from the future, you jeopardise your financial wellness beyond retirement. One thing many people do not consider is […]

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Maarten Ackerman

Determining your appetite for risk

As investors continue to be buffeted by uncertainties in the market, the importance of an appropriate, disciplined and strategic investment strategy is increasingly evident. Emotions are among an investor’s biggest enemies, particularly when faced with challenging and unpredictable events. (more…)

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Lesley-Anne Morgan

South Africans significantly underestimate cost of living in retirement

While the widening gap between expectations and the financial realities of life in retirement is an issue that faces people across the globe, the situation appears to be particularly dire for South Africans. This is according to the Schroders Global Investor Study 2018, a survey conducted by global asset management firm, Schroders, of over 22,000 […]

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Katherine-Barker1

Facilitate the right choices today for better retirement outcomes tomorrow

Partnering with the right umbrella fund can reduce the inherent conflict between saving for retirement and spending on more pressing day-to-day expenses. Katherine Barker, Head of Momentum FundsAtWork, says that this conflict, which inevitably impacts negatively on retirement outcomes, can be lessened by proactively encouraging certain pre-retirement behaviour. (more…)

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Evergreen Muizenberg

Rapid retirement expansion – what’s the next big play?

Demand for retirement facilities in South Africa is surging, with one development company’s footprint growing dramatically. Though the retirement sector is growing in South Africa with 6,8million retirees being predicted by 2030, it is a fragmented and largely underserved market. (more…)

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Existing pension rules apply until new regulations are in force: PFA

Government’s recent default regulations applicable to the pension funds industry will ensure that members are better informed about their decisions at retirement, said Muvhango Lukhaimane, the Pension Funds Adjudicator. (more…)

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