The Old Mutual Retirement Monitor examines pre-retirement perceptions amongst working South Africans, in particular their confidence levels (given their individual circumstances and life stage) in regards to the financial provision that they have made for their retirement. Understanding of the events, circumstances and behaviours that brought people to their current financial situation is an invaluable tool in helping them to plan effectively for a more financially secure future. And if not for them, then for their future generations.
Launched last year, the Old Mutual Retirement Monitor is a valuable piece of annual research. Similar in design and objectives to the Old Mutual Savings Monitor - which tracks savings activity and attitudes and measures the savings behaviour of South Africans - the Old Mutual Retirement Monitor 2011 includes measurements of:
- How satisfied respondents are with their financial readiness for retirement;
- Whether South Africans are, indeed, making adequate provision for their retirement;
- The extent to which fund members are confident in their fund trustees and administrators;
- The effectiveness of communication between funds and their members;
- Attitudes to, and understanding of, pension reform; and
- The progress made by the pension fund industry in helping South Africans to achieve their retirement savings goals.
The research findings will be repeated annually. This will provide the pension funds industry with an excellent benchmark against which to measure the effectiveness of their ongoing member-level interventions in terms of changing the attitudes and behaviour of their members, and all South Africans, regarding their retirement savings.
Supporting this survey is the Old Mutual Retirement Funds Survey. Read more on the Old Mutual Retirement Funds Survey.