Evolutionary Awards – Just SA
The Evolutionary Entries.
Voting takes place at EBnet Evolutionaries Conference
from 4-8 November.
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Directory
Category: Evolution in member outcomes
Describe your evolution:
In an age of uncertainty, retirees understandably seek certainty. No matter how much planning goes into it, when faced with the decision to convert hard-earned retirement funds into a reliable income in retirement, many are still unsure if it will be enough to last and rely on their financial advisers to help them.
Just SA pulled together learnings from more than 20,000 South Africans who invested in living annuities when they retired, and uncovered the need to understand the impact of different drawdown rates on income sustainability in retirement.
We created income sustainability maps, which can help advisers, trustees and employee benefit consultants ascertain what the optimal retirement income solution is for members: a pure living annuity, a life annuity, or a blended living annuity.
Describe the impact your evolution has had in response to its identified challenges and targeted outcomes.
A good understanding of sustainable drawdown rates is critical to be able to advise members on how much they should be drawing down in retirement. We believe blending a life and a living annuity is an effective way of managing and reducing investment and longevity risk. In addition to our standard life annuity solutions, Just SA partnered with significant financial services brands with strong track records in South Africa to offer a blended annuity for a living annuity platform of choice. This includes Allan Gray, Alexander Forbes, Sygnia, PPS and Citadel and 27Four.
