Summary of 2008 Sanlam Retirement Fund Survey

Eugene Taljaard - Sanlam recently published their annual retirement benefit survey. The annual survey is the product of interviews carried out by an independent market research agency with 200 retirement fund Principal officers. The respondents were selected at random to represent small (<100 members), medium (100 -500 members), large (501 – 5 000 members) and very large (5 001+ members) funds in South Africa. These included pension (35%) and provident (64%) funds structured on a defined contribution basis as well as umbrella funds. Apparently 27% of the principal employers were from the manufacturing industry and 15% from financial services.

For the benefit of our clients we have summarized the lengthy survey document and produce the more pertinent issues below.