08 August 2022 - 12:19Panel discussion with Richard Carlyle, Taj-Mohamed Badrodien, Ayanda Seboni, Dion Chang, Linda Sherlock, and Bongani Bingwa at the PPS Retirement Summit. Picture: SUPPLIED
Retirement is an outcome, and you control the input. The potential of compound interest should not be underestimated. “You will never regret not saving sufficiently, consistently and early enough,” she said.o shared insights on how to plan for the retirement you deserve during this year’s summit.Taj-Mohamed Badrodien, an investment positioning specialist at PPS Investments, focused on how opportunities must be balanced with the need for risk management and rigorous portfolio construction.
“Last, be aware of your behaviour in your investment journey. In the current climate of high volatility and rapid market changes, the biggest risk is investors who fluctuate between excitement and panic." Looking at trends affecting retirement, she pointed to the “sandwich generation”, those supporting both parents and children; staggered retirement, a shift away from full retirement; and a move towards multigenerational living. Different stages of retirement have different costs associated — particularly the last phase — which is typically characterised by higher healthcare costs, she said.
Regulation 28 of the Pension Funds Act, she explained, sets limits on where people should invest their retirement savings and applies to retirement annuities, as well as pension, provident, and preservation funds.
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