In South Africa we grapple with the problem that people haven’t saved enough for retirement. Added to this is the fact that people are living longer, and market returns are unpredictable, so retirees need to be resilient in the face of uncertainty. With most retirees using living annuities to give them an income, many are worried their capital could run out too early. Is there a solution? In addition to saving more, consider using a retirement vehicle that manages both longevity and market performance risks.