South Africans who are planning to retire within the next 20 years will have to work longer, following the country's recent sovereign credit ratings downgrade to junk status.
The Sanlam Lifestage Investment Strategy has been one of the big success stories for the Sanlam Umbrella Fund.
The massive growth of commercial umbrella funds are all having a marked impact on South Africa's employee benefits industry.
Past performance is not an indication of future performance. The investment managers outperforming this year most likely will not appear on the list of top performing investment managers every year.