John Anderson is a retirement product solutions specialist at Alexander Forbes Group.<\/p>\n
He serves as executive: Investments, Products & Enablement at the financial services group, having previously served as head of strategic development.<\/p>\n
Prior to his roles at Alexander Forbes, Anderson worked as an executive at Sygnia Asset Management.<\/p>\n
On this episode of Business Talk – Owning it with Sage – Anderson shares some of the challenges faced by the pension industry in South Africa – namely low contribution rates, with most not being able to save for retirement at all. This has been exacerbated by the outbreak of the Covid-19 pandemic.<\/span><\/p>\n Anderson says that the industry needs a rethink in retirement calculations as many South Africans come up short when it comes to saving, given that we as a nation are living far longer than ever before. This has led to a shift in traditional patterns, with many waiting longer to retire, or some not retiring fully – supplementing their income through scaled down ventures.<\/p>\n Funds as a result are beginning to change, Anderson says.<\/p>\n The full interview is embedded below. You can find all the Business Talk with Michael Avery interviews here<\/a>.<\/p>\n