Skip to the content

Blended annuities

Blended living annuities – a just choice for retirees

A surefire way to secure a stable income in retirement is through a life annuity. But the biggest detractors from a life annuity are often the perceived lack of flexibility, as well as the belief that leaving a capital legacy for beneficiaries is not possible.

Historically, the inability to adjust income from a life annuity has led to many retirees self-insuring against running out of money and is the reason why many South African retirees opt for a living annuity.


Investing post-retirement: Not an ‘either-or’ proposition

We all tend to live in an ‘either-or’ world where we think we need to choose between two, often opposing, things or outcomes. Peanut butter or jam? Red or white wine? For simple things, this way of making decisions can work. But for more complex issues, such as investing your retirement savings, the either-or equation is too simplistic. Pricing Actuary Ryan Hultzer explains how retirement income annuities have evolved and no longer requires an either-or decision.  


Retirement feature: Don’t rush investment decisions in times of uncertainty (radio interview)

Bjorn Ladewig, Longevity Actuary chats to Michael Avery on Classic Business about how your approach to retirement should be the same regardless of market conditions. Bjorn provides an explanation on some of the practical solutions available to protect your retirement income for life, and maintain some flexibility [audio].


Secure Your Retirement

The Money Show’s Bruce Whitfield interviewed Bruce Cameron, retired editor of Personal Finance about his new co-authored book “Secure Your Retirement”. The book unpacks the challenges facing pensioners, and explains how to avoid the pitfalls that cause pensioners to run out of money [audio].


Navigating annuities: making it easier to choose best pension plan

Business Day covers how blended annuities provide the certainty of a life annuity and the flexibility of a living annuity and allows you to 'top up' the life annuity within the living annuity later in life should your income needs increase. 


Benefits of Blending

With the cost of living constantly increasing, it’s very tempting to increase your drawdown rate when your anniversary rolls around. However, this can be very detrimental to your overall financial well-being. Read more on EBnet


What to look for in an annuity product

Just SA’s Bjorn Ladewig discusses choosing an annuity product at retirement with Simon Brown on MONEYWEBNOW [Audio at 13m30s] 


The Benefits of Blending

In their August magazine, FA NEWS published an article outlining the relatively new annuity option that enables a higher sustainable drawdown with less associated risk. When comparing current market solutions, Just shows how pensioners could increase their monthly income by 25% by purchasing a new-generation with-profit life annuity, rather than a traditional living annuity. However, in return for this higher lifetime income, they do need to forego the flexibility of how much they can draw. Read the full article for more detail.  


Change your living annuity, not your drawdown rate

Just features in the Winter edition of SILVER DIGEST (page 22) and covers some options to consider to make your retirement income more sustainable in an environment where current regulations do not allow you to split your living annuity after retirement.


Is the annuity debate shifting back to life, from living?

"Reintroducing the with-profit annuity: There is another type of life annuity that is making somewhat of a comeback at the moment, namely the with-profit annuity. Commentators single out Just SA, Liberty, Momentum, Old Mutual and Sanlam as the main life insurers in the with-profit segment," says FA NEWS


About to retire? Take great care

The next DAILY MAVERICK op-ed by Bruce Cameron says by adding five years to your working life, you can improve your retirement savings by about 20-30% and reduce the time you will spend living off your savings. Just CEO Deane Moore provides an example of how delaying retirement can help you.


Hybrid annuities: Retirement fund defaults may be the cheaper options

Bruce Cameron's latest DAILY MAVERICK op-ed says: "Those retirement funds offering default annuities, which include the hybrid option, are probably offering you the best retirement option, particularly if you have not saved enough for retirement."