The 2007 Sanlam Survey was conducted among principal officers of retirement funds. Respondents were selected at random to represent small (<100>
The survey recorded a 100% response rate with a total of 200 funds responding.
Highlights
- In the past year, the amount of employee and employer contributions to pension funds has fallen by almost a full percent per year, with the total provision for retirement now at only 11.3 percent per year, the study reveals.
- Only 10.5 percent of retirement funds have a formal investment policy to invest a proportion of assets in socially responsible investment (SRI) portfolios.
- Almost 60 percent of funds are considering paying for financial education of members to address the perceived lack of understanding of the information provided to members.
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