Preparing for your retirement during Covid-19

According to the 2019 Alexander Forbes Member Watch, South Africans need to contribute 17% of their income for 40 years to retire comfortably on 75% of their final pensionable salary. The frightening reality from the 2019 Member Watch analysis shows that the average replacement ratio at retirement is only 26.2%. Michael Avery talks to Alexander Forbes' Belinda Sullivan; Andrew Davison from Old Mutual Corporate and founder of Planning Retirement Dave Crawford about what this year's survey reveals about one of the most important aspects of our financial lives and how Covid is impacting this.