The annuity revolution in South Africa

Labour unions and the National Treasury agree on the urgent need to improve the value for money of retirement solutions, but disagree on next steps. Deane Moore, CEO of Just Retirement South Africa, shares this sense of urgency: “The time has arrived for annuities to be revolutionised to improve customer outcomes. Living annuities only provide good value if you die early. Conventional guaranteed annuities require the poor and ill to subsidise the rich and healthy. And with-profit annuities have been subject to opaque insurer discretion.” Read more