Fund members must understand the implications of annuity choices, says FAIS Ombud
The restrictions on accessing funds within a life annuity should be made clear.
Retirement planning
Why policyholders complained to the short-term ombudsman in 2023
‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
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Current high annuity rates are a ‘rare rescue package’ for living annuitants
The Actuarial Society of South Africa (ASSA) has issued a second communication in as many weeks advising retirees to consider guaranteed annuities as part of their planning for retirement income.
What can the UK teach SA about adviser firm consolidations and acquisitions?
There is an increasing focus on consolidation in the financial advice industry to manage challenges around succession and retirement.
Sanlam has a plan for SMME employers who want to provide retirement and risk benefits
The minimum contribution depends on whether a member opts for a retirement benefit only or retirement and insured benefits.
Grave concern about increase in senior citizens applying for debt counselling
Instead of making provision for retirement, they are servicing debt.
One ‘bright spot’ in report on South Africans’ retirement planning
Overall, the retirement outlook for most people has deteriorated over the past five years, says 10X Investments.
What is keeping South Africans up at night?
Retirement Reality Report reveals important perceptions for advisers to address.
The pitfalls of using rules of thumb when planning for retirement
Each day, we are confronted with problems to solve and faced with hundreds of decisions that need to be made – some that can be taken on the fly and others that require […]
Primary reasons why COVID-19 vaccine will not reverse retirement fears
Following the UK’s vaccine approval and other countries following, there is a possibility that once the COVID-19 vaccine is readily available and the associated risks of the disease are no longer top of […]
Risk aversion in retirees during uncertain times
The key findings of Just SA’s latest tracking study Retirement Insights 2020 reveal the knock in confidence suffered by South African retirees and pre-retirees as a result of COVID-19, which has altered their […]
Post Retirement Planning
The Ombud’s annual report highlights specific problems related to advice when clients retire. South Africans continue to procrastinate when it comes to saving for retirement. Many still rely solely on the benefits provided […]
