Retirement funds – let’s talk about the elephant in the room

The African elephant we want to sniff out here is the retirement fund industry – or, more specifically, the way its poor stewardship contributes to the high failure rate among retirement savers (only a fraction of even our working population can look forward to a comfortable retirement).
The national Treasury suggested as much when it first spoke of retirement reform and sought a system that “serves the needs of South Africans better and more fairly than in the past, and as efficiently as possible, by providing more appropriate products”.

Read the full article here.