The majority of South Africans fund their retirement with living annuities, whereby they take responsibility for ensuring that the underlying investments provide an income for life. Recent research by pension specialist Just Retirement shows that most pensioners are not comfortable with the risks associated with living annuities and would feel more secure with a guaranteed pension. On Saturday April 9, Personal Finance reports on new-generation pension products and explores what type of annuity is best suited to you.
Also in Personal Finance this weekend:
- Microlenders oppose implementation of lower rates on credit.
- Answers to your financial queries, courtesy of Old Mutual Wealth.