SA ranks bottom in Allianz Global Pension Report it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
The Covid-19 pandemic was a “short-term” interruption in a shift towards an increasingly aging population which will put increased pressure on pension systems across the globe, research by Allianz has found.
Problems for South African pensioners include low coverage, a low benefit level and the lack of retirement savings, according to a report from Allianz.
Allianz has unveiled the twelfth edition of its ‘Global Wealth Report', which puts the asset and debt situation of households in almost 60 countries under the microscope.