The Impact of volatility on living annuity portfolios and the impact on portfolio construction

--:--
Given by Jaco Van Tonder Sales Director at Investec Asset Management
Prior to moving into this role, Jaco was sales director for the South African Advisor team and head of distribution for Investec Investment Management Services.
Having previously worked at Sanlam Group, Jaco occupied various positions which included heading up the product development for the Sanlam platform business, Glacier from 2000 to 2003, and heading up the business development and distribution team from 2003 to 2009.
He is a Fellow of the Institute of Actuaries, and holds a B.Sc (Hons) degree from the University of Stellenbosch

A significant number of South African retirees retire using living (or draw down) annuities. This is an area which practitioners such as ourselves need to concern ourselves more on and in particular, help members achieve the maintenance of their standard of living into retirement on a sustainable basis…

Many prior studies have investigated correlations between the sustainability of living annuities and various factors relating to the construction of the investment portfolios and income draw-down strategies. As part of the work conducted by our next speaker and his colleagues investigating these matters, they were able to quantify specifically the relationship between portfolio volatility and sustainable income draws.

The next speaker believes this has useful applications in areas such as annuity portfolio construction, as well as pricing of volatility smoothing products aimed at the pensions market.
6 Aug 2018 English South Africa Business · Investing

Other recent episodes

Future of the Pensions Actuary

Given by John Anderson Group Head of Client Solution Alexander Forbes, BComHons (Actuarial Science) Fellow of the Actuarial Society of South Africa Fellow of the Institute and Faculty of Actuaries. The South African pensions landscape has changed significantly over the last 2 decades. With this shift has come the change…
6 Aug 2018 45 min

Economist Presentation

Given by Kevin Lings, Chief Economist, Stanlib South Africa faces a number of immediate as well as longer-term structural impediments to growth. Some of these challenges are reflected in persistent high income and wealth inequality, others are reflected in service-delivery protests and demands for free tertiary education or the steady…
6 Aug 2018 53 min

The moral underground - how ordinary citizens change our futures

Keynote Speaker: Professor Jonathan Jansen is Distinguished Professor of Education at the University of Stellenbosch. In 2016/17 he was a Fellow at the Center for Advanced Study in the Behavioral Sciences at Stanford University and in 2018/9 will be a Fellow at the Swedish Collegium for Advanced Studies. He is…
6 Aug 2018 54 min

Professionalism

Given by Niel Fourie - Consulting Actuary in South Africa & Namibia. He joined the Actuarial Society of South Africa in 2012 as Public Policy Actuary. In his role as Public Policy Actuary he is responsible for stakeholder engagement, media & PR and various technical committees. An Overview of the…
6 Aug 2018 31 min

Legal Developments

Given by Jonathan Mort - Founder and MD Jonathan Mort Inc. His legal practice covers all aspects of the law relating to pension funds, and he advises funds and employers throughout South Africa and other Southern African countries. His specific area of interest is in governance and investment issues relating…
6 Aug 2018 46 min