Designing a pension fund system that is fit for purpose and encourages people to save for their retirement is one of the main challenges of governments around the world. In South Africa, the Constitution requires the state to fulfil certain functions with respect to social security. New proposals require significant cross-subsidisation from employed South Africans to other groups.
Rosebank Wealth Group director Peter Nurcombe-Thorne looks at some of the problems and solutions. Click here for more.