A new retirement survey, the inaugural FNB Retirement Insights Survey, released last week, underlines once again the fact that the vast majority of South Africans will not be able to afford to retire comfortably when they reach retirement age.
These surveys in the past have come from retirement fund administrators or asset managers, such as AlexForbes, Old Mutual, Sanlam and 10X.
This survey, to the best of my knowledge, is the first one from a bank. That’s notable, because banks are on the front line