Research shows that as little as 6% of South Africans will reach retirement age with sufficient funds to provide for their future. With this concerning figure in mind, the obvious concern here is that South Africans are drastically unprepared for the future.
Why do South Africans avoid saving for their retirement? Is it simply a matter of not caring about the future and rather living for today, is it a lack of financial education, or is the retirement industry too complex for people to gain a thorough understanding of their future prospects?
JLT EB's Retirement Division explores this worrying trend and identifies key questions you should ask as an employee or an employer, and what you can do to prepare a more secure and stable future for yourself and your family.
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