Past assumptions based on life expectancy, family structures and capital requirements at retirement no longer hold true. With less money to live on at retirement, people have longer retirements and far greater financial burdens. With only 29% of South African retirees able to maintain their standard of living, it is critical that the retirement industry looks closely at its changing landscape, compared to just a few years back.
Retire another Day explores the changing needs of the retiree, and how it affects the way in which members need to plan for the future. 'Employers should reconsider the retirement age so that it corresponds with the increase in longevity and think about offering people second careers after official retirement.' - Dawie de Villiers, CEO: Sanlam Employee Benefits
Given the changing needs, we have asked 3 futurists (people who specialise in predicting how the world will be in time to come) to give us a glimpse into the future.
Find out what the experts had to say.
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The theme for the 2019 Benchmark Symposium was Enabling Financial Resilience.
The theme for the 2018 Benchmark Symposium was Empowering Insights.
The theme for the 2017 Benchmark Symposium was Turning Hindsight into Foresight.
The theme for the 2016 Benchmark Symposium was Rethinking Retirement through a New Dimension.
The theme for the 2015 Benchmark Symposium was A Future Worth Saving.
The theme for the 2014 Benchmark Symposium was Retire Another Day.
The theme for the 2013 Benchmark Symposium was Day One.
The theme for the 2012 Benchmark Symposium was Saving Heroes.