SA’s real retirement age is 80, according to Sanlam Corporate’s recent findings
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GUEST - Nzwa Shoniwa, Managing Executive at Sanlam Umbrella Solutions
The true retirement age in South Africa is closer to 80 rather than the traditionally expected 65, according to Sanlam Corporate. This “retirement age gap” has significant implications for individuals, businesses, and the state.
Sanlam Corporate says employers need to intervene to help South Africans retire earlier and more comfortably. These interventions include aligning contributions with salary increases and making financial advice more accessible to employees.
Sanlam Corporate provides employee benefits, retirement fund solutions, investment management, and insurance products to businesses and institutions.
The true retirement age in South Africa is closer to 80 rather than the traditionally expected 65, according to Sanlam Corporate. This “retirement age gap” has significant implications for individuals, businesses, and the state.
Sanlam Corporate says employers need to intervene to help South Africans retire earlier and more comfortably. These interventions include aligning contributions with salary increases and making financial advice more accessible to employees.
Sanlam Corporate provides employee benefits, retirement fund solutions, investment management, and insurance products to businesses and institutions.