How much of their salaries do South Africans replace in retirement?

In mid-2022, Old Mutual Corporate Consultants did an in-depth analysis of the savings habits and retirement readiness of almost half a million South African employees who belong to umbrella funds through their employer's pension funds. The result – the Old Mutual SA Retirement Gauge 2022 – had some fascinating insights when it comes to how much of their income these retirement savers manage to replace beyond that day when they call it a day at work. Watch Thabisile Simelane, a senior investment consultant at Old Mutual Corporate Consultants, unpack: • what multiple of annual salary means and what number pension fund members manage to achieve at retirement • what the outlook is for provident fund members • if there’s any value in staying invested in one fund for the majority of your career, and • how to calculate your multiple of annual salary yourself. For more insights, read or download the entire Retirement Gauge in pdf format here: https://www.oldmutual.co.za/saretirem... For more news, views and insights from Old Mutual Corporate, visit our Resource Hub at https://www.oldmutual.co.za/corporate... #OldMutual #RetirementFunds #Investment