South Africans continue to fail dismally to provide for their retirement, with the latest industry statistics on savings rates showing that on average members have eight times too little savings at retirement.

Only 6% are set to retire with a pension equal to 75% or more of their final salaries since most members typically do not have 12 times their average pensionable salary in savings at retirement, which would increase their chances of getting such a pension...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now