Wednesday, July 11, 2007

2007 Annual Survey of Retirement Benefits in South Africa

The 2007 Sanlam Survey was conducted among principal officers of retirement funds. Respondents were selected at random to represent small (<100>South Africa. These included pension and provident funds structured on a defined contribution basis, as well as umbrella funds.

The survey recorded a 100% response rate with a total of 200 funds responding.



Highlights

  • In the past year, the amount of employee and employer contributions to pension funds has fallen by almost a full percent per year, with the total provision for retirement now at only 11.3 percent per year, the study reveals.
  • Only 10.5 percent of retirement funds have a formal investment policy to invest a proportion of assets in socially responsible investment (SRI) portfolios.
  • Almost 60 percent of funds are considering paying for financial education of members to address the perceived lack of understanding of the information provided to members.

Download the full report

1 comment:

Rodrigo said...

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