“This [a blended living annuity] provides the best of both worlds allowing for the important aspects of the living annuity, with its legacy, income flexibility and market participation; and the with-profit annuity with its income security that ensures your income if you die, even well into the future” says John Anderson, head of research at Alexander Forbes in Bruce Cameron's most recent DAILY MAVERICK op-ed.
Just in the Media
Hybrid annuities: Something to consider when choosing your pension
“Hybrid annuities will help to optimise the pension benefits to balance the competing objectives pensioners face. Hybrid annuities provide a sustainable income on the one hand, versus having flexibility for unforeseen events and the ability to leave an inheritance on the other,” says John Anderson in Bruce Cameron's DAILY MAVERICK op-ed on hybrid (blended) annuities.
[Related article: HYBRID ANNUITIES: SOME OF THE CHOICES]
Alternative ways to structure a pension
In his latest op-ed for DAILY MAVERICK, Bruce Cameron says that the best way to overcome the disadvantages of living annuities and guaranteed annuities is to use both. This becomes even more important with COVID-19 and the downgrading of South Africa’s credit rating.
Clearing up the confusion about annuity products
PERSONAL FINANCE clears up some confusion regarding annuities, including converting from a living annuity to a life annuity. Just's Segabe Ditodi contributes to the article and provides insight into the broader process.
What if I’m about to retire and my savings are low?
If you are within about five years of retirement and your savings have taken a hit with the recent market falls, there are some things you need to think about, writes Laura du Preez in a recent SowetanLIVE article featuring Just CEO, Deane Moore.
The tricky balance between retirement earnings and death benefits
Bruce Cameron has written a series of articles for the DAILY MAVERICK dealing with some of the pros and cons of guaranteed annuities versus living annuities. Our CEO Deane Moore features in his latest article on retirement earnings and death benefits, and aims to clear up some misperceptions surrounding guaranteed annuities and leaving a legacy.
Living Annuity vs Death Benefits: A tough balance
The more income you require from an investment-linked living annuity the less the death benefit you will receive. As one goes up, the other goes down. What that means is that benefits for heirs are seldom achieved. A DAILY MAVERICK op-ed explores the complexity of living annuity investments from Bruce Cameron, and why it is recommended to seek financial advice.
The dichotomy between what pension scheme members want and what they get
A regular contributor to the DAILY MAVERICK, Bruce Cameron says: "Most living annuity pensioners had already received a serious body blow even before the virus and the downgrade of South Africa’s debt, with many already having high drawdowns. Despite this, 90% of South African pensioners want living annuities on which to retire, while at the same time research undertaken by Sanlam and Just SA finds that 87% of retirees want security of income."
What should investors do when unit trusts have lost across the board?
BUSINESS DAY reports that almost every asset class is showing severe losses for the quarter to date and asset managers are calling March an unprecedented month for investments as concerns on the effect of the coronavirus on economies around the world spread. Good news for pensioners is that the cost of purchasing a guaranteed income for life has gone down by almost as much as the fall in value of balanced portfolios, says Just CEO Deane Moore.
Why you should have two pots for retirement
Should market conditions persist for the next 12 months, retirement income specialist Just believes that pensioners may run out of money years earlier than in normal investment conditions. Just CEO Deane Moore looks at some sensible steps that pensioners can take to protect their income in the current climate in an article featured on BUSINESS TECH.
Retirement feature: Steps to protect retirement income during COVID-19
CEO Deane Moore spoke to Michael Avery on CLASSIC BUSINESS about how retirees are facing the risk of not having a sustainable income for life in an environment where investment markets have crashed amid COVID-19, and retirement savings have been significantly reduced. He provides some practical solutions to protect their income for life. [Audio]
Retirement in the time of COVID-19: how to secure a sustainable income for life
MOONSTONE reports that the Coronavirus has shattered the myth that there is no place for the guaranteed annuities. Retirement in the time of COVID-19, which sees pensioners facing not only the risk of contracting the Coronavirus, but also the risk of not having an income that can sustain them for life due to the current environment that has seen investment markets crash, reducing retirement savings substantially.