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What if You Live Longer Than You Thought You Would?

We spend our whole lives planning for retirement. While nurturing our nest egg, we worry about short-term risks. Things like wars, elections, interest rates, leaking roofs and tax breaks.
But how many of us stop to consider the prospect of living to 90 or 100? People are living longer than ever before. But most of us don’t pay enough attention to longevity when planning for retirement. Read on for some tips on how to have a long and happy retirement.

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Financial PlanningGeneral Interest

COFI: Building A System that Works Better for You

The long-awaited Conduct of Financial Institutions (COFI) Bill is set to be tabled in parliament in the next couple of months.
While FSPs will be scrambling to update their policies and processes during the three-year transition period, consumers can look forward to getting fairer results at every step of the financial journey.
Read on for the lowdown.

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Financial PlanningGeneral Interest

This Festive Season, Learn how to Talk About Money With Grace

“The biggest problem with communication is the false belief that it has happened.” (George Bernard Shaw) Navigating casual financial conversations isn’t about avoiding the subject altogether. It’s about handling it with purpose and grace. The point isn’t to pore over every aspect of your finances around the braai. It’s to keep your peace and your…

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General Interest

Project Vulindlela: Unlocking South Africa’s Economic Potential

Economist and analyst JP Landman has written an insightful article on Project Vulindlela, South Africa’s major economic reform initiative. The article explains how the project is opening up key sectors including electricity, water, ports, and visas and fostering partnerships between government and private business. If the project continues successfully, it could significantly boost South Africa’s…

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Behavioural FinanceGeneral Interest

“It’s a Waste of Money”: Even the Rich Can Have a Scarcity Mindset

“Money is a terrible master but an excellent servant.” (P.T. Barnum) It seems strange. A man with more money than he could ever spend – a wealthy investor, entrepreneur, or heir – still often says, “It’s a waste of money.” He longs to see his children overseas, yet he won’t fly to them because he…

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General InterestRetirement Planning

What Divorce Means for Your Pension

“Marriage is the chief cause of divorce.” (Groucho Marx) Retirement savings typically account for a substantial portion of a person’s wealth. When a marriage ends, these savings can become a serious bone of contention. The good news is that, starting 1 September 2024, the definition of pension interest will be standardised across all retirement funds.…

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