Saving for retirement involves some of the biggest decisions most retirement fund members will make in their lifetime. Yet very few people actually realise the impact their decisions will have on their ability to retire with sufficient income in the future.
Sanlam Lifestage offers an holistic investment solution suitable for members entering the job market to help map out their entire retirement journey.
Sanlam Lifestage provides an holistic approach to retirement saving, giving your members a practical solution to saving for their financial future from a young age. When investing in Sanlam Lifestage, the member’s savings are initially invested in a portfolio that places emphasis on long-term capital growth, with some tolerance for short-term market volatility.
As retirement approaches, the member’s savings are automatically switched to a preservation portfolio. A preservation portfolio protects the member against the specific risks inherent in the purchase of the particular annuity the member is targeting to obtain an income in retirement.
Members more than six years from retirement are invested in the Lifestage Accumulation Portfolio.
Usually between the ages of 20 and 55 years.
Members who are six years from retirement are gradually switched from the Sanlam Lifestage Accumulation Portfolio to his/her selected preservation portfolio.
Usually between the ages of 55 and 59 years.
The Pre-retirement phase of investment is completed 22 months before retirement, at which time the member is fully invested in their nominated preservation portfolio.
Usually between the ages of 60 and 65 years.
1. The fund member enjoys a seamless investment transition from employment to retirement.
2. Members do not need to make any investment choices.
3. All the investment portfolios are positioned to optimise a member’s retirement outcomes.