More asset manager consolidation ‘is inevitable’
Mergers and acquisitions will increase because the country’s low savings rate and stagnant economy cannot support the number of fund managers.
Consolidation
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There is an increasing focus on consolidation in the financial advice industry to manage challenges around succession and retirement.
SA doesn’t need more than 50 retirement funds, says Sanlam’s Gluckman
David Gluckman, the chairperson of the Sanlam Umbrella Fund, the third-largest umbrella fund in South Africa, has backed calls by National Treasury and Finance Minister Enoch Godongwana for greater consolidation in the retirement-funding […]
SA doesn’t need more than 50 retirement funds, says Sanlam’s Gluckman
David Gluckman, the chairperson of the Sanlam Umbrella Fund, the third-largest umbrella fund in South Africa, has backed calls by National Treasury and Finance Minister Enoch Godongwana for greater consolidation in the retirement-funding […]
