Dawn Ridler is the founder of Kerenga Wealth Ecology. The financial advisor is a regular contributor at BizNews – her straight-talking, no-nonsense attitude is a firm favourite with BizNews webinar attendees. Ridler has also penned myriad pieces on retirement in South Africa. Below, the Johannesburg-based expert discusses retirement annuities – are they dead, she asks? Her insightful piece explains, in great detail. – Jarryd Neves
By Dawn Ridler*
Poor old retirement annuities (RA) they never seem to catch a break, and just when a few brave advisors try and bring them back into a conversation they get hammered again. Government proposals on emigration and ‘social security and retirement reform’ have once again given them a kick in the gut. Are they really dead?
Most of the bad reputation stink that RAs carry around come from the old RAs sold by insurance companies(Liberty, Old Mutual for example) – rather than the ‘new generation’ RAs from LISPs (like Ninety One, Alan Gray). I have …