Just in the Media

Retirement fund members will now be able to secure longevity protection within a living annuity. This comes after the Financial Services Conduct Authority (FSCA) announced an exemption from its criteria for living annuities in a default annuity strategy. The exemption expands customer choice and will help improve the financial outcomes of people in retirement.

An article first published in Financial Mail, talks about the default regulations and the changing mindset of pension funds. It also mentions Just’s partnerships and the ability to provide enhanced annuities to people who may have earned lower incomes, are smokers or may have worked underground or those with life-shortening illnesses.

If you are a member of a pension fund and or have a retirement annuity, two-third of your financial retirement amount must be used to purchase an annuity income. Maya Fisher-French explains some of the diferences between a living annuity and a guaranteed life annuity.

Twane Wessels speaks to Michael Avery on Classic Business about consciously applying your capital at retirement.

The hybrid annuity balances retirees' need for income security with their desire to leave a legacy to loved ones.

On average, respondents in "Just Insights", an independent survey commissioned by Just SA, expected a monthly income in retirement of almost R12,000. This implies an expected annual income rate of 8% based on their average retirement savings of R1.8m.

Working out how much is enough to save for retirement is sometimes not a priority when simply making ends meet is a struggle. But realistic retirement planning is important if we want our retirement income to match what we expect it will be.

Most South Africans rate their health as very good or above average, but underestimate their life expectancy.