"A survey by Momentum Corporate on the two-pot system and who is making the most withdrawals shows that it is not the poorest South Africans, but rather established, middle-income households who are making repeat withdrawals most often. The…
"Simply putting operational efficiency ahead of employee needs is no longer enough. Businesses need to take a more people-first approach, the kind that helps attract and retain talent, and gives employees a real reason to feel connected, supported,…
"People are living longer which means financial independence in old age is no longer just about replacing an income but about building long-term financial resilience to ensure the capital outlives the individual, and funding a growing array…
"If returns are lower than expected in the early years of retirement, the combination of withdrawals and underperformance can permanently damage a portfolio. Even if markets recover later, the capital base may already be too depleted to sustain…
"For employers, HR leaders, and employee benefits specialists, the real story lies in the changing nature of employment, the growing divide between formal and informal work, and the impact these dynamics have on overall workplace productivity…
"In financial planning, particularly in retirement, one such principle has shaped decision-making for decades: the retirement income rule of thumb," says Martiens Barnard, marketing actuary at Momentum Investments.
"But should you keep all your retirement savings together, or split them across more than one product? The answer depends on each person’s circumstances and where they are in their retirement journey. Here are a few things worth considering,"…
"Workplace culture and the relevance of the benefits offered also influence whether employees use these services. Simply adding more benefits does not solve the problem. Organisations need to build trust, communicate clearly and ensure that…
"People are also living longer: Over the past two decades, life expectancy has climbed by 13 years, which means many retirees will need their savings to last longer than they expected, adjusting for rising healthcare costs and cost of living,"…
"Many consumers do not fully appreciate the long-term impact of these withdrawals. Withdrawals are taxed at an individual's marginal tax rate, which can significantly reduce the value of their retirement savings compared to the tax benefits…
"Retirement plans can hit a bump in the road, not because of insufficient income levels at the start, but because we underestimate the expenses during retirement. Many cashflow models tend to overlook cost shocks that can derail even the best…
"The financial strain behind those withdrawals extends far beyond a single statistic. The 2025 Sanlam Benchmark Survey found that 44% of retirement fund members have dipped into their emergency savings simply to stay afloat," says Nzwa Shoniwa,…
“What this research points to is a trade-off in how employers are rewarding and supporting their people. Companies are still funding increases, but higher pay on its own is not always enough to offset the financial pressure employees are facing,"…
“Yes, HR teams are already investing in rewards, growth, performance, engagement, and culture. But if employees are struggling mentally, emotionally, physically, or financially, much of that effort will be diluted before it can translate into…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
Subscribe to our weekly newsletter to get the latest insurance and economic news in SA.
Insurance Biz proudly displays the "FAIR" stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council's website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 011 4843612.
© Insurance Biz 2008-2026
