AFRICA Inside Alexander Forbes head office in Sandton ensure that both employers and employees can work smarter to ensure that employees can reach retirement stage having much more set aside .”
With this in mind , Darfoor notes that unlike developed countries such as the UK and the US , individuals gain access to their entire pension pot in one lump sum once they leave their employer in South Africa , providing minimal financial incentives for many to preserve .
“ Most people cash that money and then spend it . We therefore want the preservation rate to be as high as possible such that when people move from employer to employer , we can preserve the assets they have accumulated ,” he says .
“ There are a number of social impacts , particularly around retirement , that we ’ re absolutely focused on in terms of having a much more social impact in our markets .”
Responsible for driving Alexander Forbes ’ strategic anchor , Darfoor strives to support cor-
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