Don't look only at the cost of a retirement product at the expense of considering its value, says Viresh Maharaj, chief executive of Sanlam Corporate Sales and Marketing.
There has mixed reaction from retirement funds since new default regulations affecting them came into effect.
David Gluckman, head of special projects at Sanlam Employee Benefits, said that focusing on improving the lives of fund members was the key to making retirement great again.
The Sanlam, Capital Alliance and Absa Unapproved Group Life Insurance Umbrella Policy will be replaced as from 1 September 2019.
The Trustees have recently reviewed the Sanlam Blue Lifestage Strategy (“Sanlam Blue”) with a view to identifying possible improvements to benefit members.