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Name Craig Aitchison GM: Customer Solutions Title

Name “Building a sustainable future – how to get there? Retirement Reform and impact of National Treasury latest proposals”. Title A Focus on Preservation

What Replacement Ratio are you planning on in retirement? Question… 75%? 85%? 100%?

How about: Question… 30%?

Introducing our Panel Craig Aitchison GM: Customer Solutions Old Mutual Corporate Dr. David McCarthy Actuary and Consultant to National Treasury on Retirement Reform Karabo Morule GM: Member Solutions Old Mutual Corporate

Annuitisation Savings levels We have a leak in the system… Leakage Costs

Changing Jobs – Preservation Behaviour Base = Respondents who have changed jobs in the past 15 years and who were a member of a pension or provident fund at their previous place of employment.

Preservation – What Influenced Decision Base = Respondents who have changed jobs in the past 15 years and who were a member of a pension or provident fund at their previous place of employment.

Influence on Preservation Behaviour *i.e. either left proceeds in old employers fund or transferred to new fund or bought RA or parked proceeds in preservation fund

Use of Withdrawal Proceeds Base = Respondents who have changed jobs in the past 15 years and who were a member of a pension or provident fund and who withdrew some or all of their retirement benefits in cash.

Spending Trends Debt reduction is a popular application across all ages and income levels Lower income earners are more likely to use these funds for everyday needs or to buy smaller household items (appliances, furniture etc). Younger respondents are more likely to spend on immediate needs Consumers take on a longer term view as they age, with older respondents more likely to favour property investment (acquisition or renovation or paying off existing home loan) or longer term reinvestment.

Preservation Intention – Moving Jobs

Preservation Intention - Retrenchment

In Summary Members are retiring with far lower benefits than they should receive from retirement funds Preservation would make a dramatic improvement to their retirement security Lack of awareness and economic pressures faced by members add to the challenge We all need to play a part in encouraging retirement security We can make a difference!

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Presentation Transcript

Name Last name

Class Name, Instructor Name

Class Name, Instructor Name

Class Name, Instructor Name

Class Name, Instructor Name

Test Moderator: Name Test Partner: Name Designers: Name, Name

Common Name Scientific Name your name

Class Name, Instructor Name

Your Name Class Name

Advisor Name | Firm Name

Name 1 Name 2

First name Last name

Name lookup (name control)

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YOUR NAME MENTOR’S NAME TEACHER’S NAME

Player Name: Parent Name:

Name #1, Name # 2, Name #3, Name #3 School Name &amp; Address

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First Name Last Name, Title; First Name Last Name, Title; First Name Last Name, Title

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