Allan Gray Kaya Biz

GUEST – Richard Carter, Head of Assurance at Allan Gray While South Africa’s retirement fund system has consistently produced inferior outcomes for savers, it is also ranked among the bottom 10 systems in the world. Savings leakages and low private pension fund participation are noted as the weak links dragging the overall system ratings down. Through retirement reform interventions like the two-pot retirement system, the government hopes to change investors’ savings behaviour and improve retirement outcomes over the long term. Richard Carter, head of Assurance at Allan Gray, joins kaya Biz to discuss the challenges and opportunities with South Africa’s retirement fund system and what can be done to encourage higher savings rates among investors.