South Africa Retirement Funding Market Report 2022: Local and International Trends, Influencing Factors, Competitive Environment, Industry Associations

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Dec 15, 2022, 13:15 ET

DUBLIN, Dec. 15, 2022 /PRNewswire/ -- The "The Retirement Funding in South Africa 2022" report has been added to ResearchAndMarkets.com's offering.

This report on retirement funding in South Africa includes information on the state and size of the industry, its major players and various corporate actions and developments, as well as regulatory and other developments that affect the sector.

South Africa's retirement industry, with assets in excess of R4.6tn, has one of the highest assets to GDP ratios in the world, but only 7 to 10 million individuals have retirement savings products, out of an employed labour force of about 15 million.

There are profiles of 26 companies including all the notable pension funding players such as Sanlam, Ninety One, Old Mutual, Coronation, Allan Gray and the state-owned Public Investment Corporation

Treasury is planning to implement a two-pot system, where all pension funds, pension preservation funds, provident funds, provident preservation funds or retirement annuity funds will have to allocate contributions from 1 March 2023 to a new retirement pot and a savings pot.

At present fund members have to either resign or be retrenched before they can get access and cash out their entire pension funds.

Recent Changes

South Africa's retirement funds sector experienced significant change in the past few years, largely focused on stronger regulation to protect members' interests.

This includes the proposed two pot system, which entails creating a savings portion and a preservation portion with a third going to an accessible savings pot and two thirds to a retirement pot subject to full preservation until retirement.

According to draft legislation published for public comment by Treasury on 31 July 2022, the two-pot system will be implemented from 1 March 2023, although it would more likely happen in three to five years.

New Regulations

The offshore limit on South African asset allocation of 30% globally and 10% in other African markets have been combined into one limit of 45%, and there are new allocation limits for local infrastructure projects, which are expected to encourage private retirement savings funds to fund infrastructure. Both are expected to significantly change investment opportunities for fund managers.

Key Topics Covered:

1. INTRODUCTION

2. DESCRIPTION OF THE INDUSTRY
2.1. Industry Value Chain
2.2. Geographic Position
2.3. Size of the Industry
2.4. Key Success Factors and Pain Points

3. LOCAL
3.1. State of the Industry
3.2. Key Trends
3.3. Notable Players
3.4. Corporate Actions
3.5. Regulations
3.6. Enterprise Development and Social Economic Development

4. AFRICA

5. INTERNATIONAL

6. INFLUENCING FACTORS
6.1. COVID -19
6.2. Economic Environment
6.3. Labour
6.4. Retirement Reform
6.5. Corruption
6.6. Technology, Research and Development (R&D) and Innovation
6.7. Complaints and the Office of the Pension Funds Adjudicator
6.8. Environmental, Social and Corporate Governance (ESG)

7. COMPETITIVE ENVIRONMENT
7.1. Competition
7.2. Ownership Structure of the Industry
7.3. Barriers to Entry

8. SWOT ANALYSIS

9. OUTLOOK

10. INDUSTRY ASSOCIATIONS

11. REFERENCES
11.1. Publications
11.2. Websites

APPENDIX

Summary of Notable Players
Company Profiles
Absa Asset Management (Pty) Ltd
Alexander Forbes Investments Ltd
Allan Gray (Pty) Ltd
Aluwani Capital Partners (Pty) Ltd
Argon Asset Management (Pty) Ltd
Camissa Asset Management (Pty) Ltd
Coronation Fund Managers Ltd
Foord Asset Management (Pty) Ltd
Futuregrowth Asset Management (Pty) Ltd
MandG Investments Southern Africa (Pty) Ltd
Marriott Asset Management (Pty) Ltd
Mazi Asset Management (Pty) Ltd
Mergence Investment Managers (Pty) Ltd
Momentum Outcome-Based Solutions (Pty) Ltd
NBC Holdings (Pty) Ltd
Ninety One SA (Pty) Ltd
Oasis Group Holdings (Pty) Ltd
Old Mutual Investment Group (Pty) Ltd
Prescient Investment Management (Pty) Ltd
Public Investment Corporation SOC Ltd
Sanlam Multi Manager International (Pty) Ltd
Sesfikile Capital (Pty) Ltd
Stanlib Asset Management (Pty) Ltd
Sygnia Asset Management (Pty) Ltd
Taquanta Asset Managers (Pty) Ltd
Truffle Asset Management (Pty) Ltd

Companies Mentioned

Absa Africa Foundation
Absa Asset Management (Pty) Ltd
Absa Empowerment Trust
Absa Securities United Kingdom Ltd
Absa Stockbrokers Nigeria Ltd
African and Overseas Enterprises Ltd - 6% Pref
African and Overseas Enterprises Ltd - N shares
Alexander Forbes Investments Ltd
Alicerose Nominee (Pty) Ltd
Allan Gray (Pty) Ltd
Aluwani Capital Partners (Pty) Ltd
AP Ventures Fund I LP
Argon Asset Management (Pty) Ltd
Batho Bonke Absa HDSA Employee Trust
Camissa Asset Management (Pty) Ltd
Cedar Advisory Services (Pty) Ltd
Commissioner Street No 10 (RF) (Pty) Ltd
Commissioner Street No 10 SPV (RF) (Pty) Ltd
Coronation Fund Managers Ltd
EFS Namibia (Pty) Ltd
Foord Asset Management (Pty) Ltd
Futuregrowth Asset Management (Pty) Ltd
Goudstad Nominees (Pty) Ltd
Kagiso Collective Investments (RF) Ltd
Main Street 1232 (Pty) Ltd
MandG Investments Southern Africa (Pty) Ltd
Marriott Asset Management (Pty) Ltd
Mazi Asset Management (Pty) Ltd
Mergence Investment Managers (Pty) Ltd
Mergence Unlisted Managers (Namibia)
Momentum Outcome-Based Solutions (Pty) Ltd
Naledi Sun (Pty) Ltd
NBC Holdings (Pty) Ltd
Newshelf 1405 (RF) (Pty) Ltd
Ninety One SA (Pty) Ltd
Oasis Group Holdings (Pty) Ltd
Old Mutual Investment Group (Pty) Ltd
Pan African Infrastructure Development Fund
Prescient Investment Management (Pty) Ltd
Public Investment Corporation SOC Ltd
RMH Treasury Company Ltd
Sanlam Multi Manager International (Pty) Ltd
Sesfikile Capital (Pty) Ltd
South African Workforce Housing Fund PVE (SA)
Stanlib Asset Management (Pty) Ltd
Sygnia Asset Management (Pty) Ltd
Sygnia Asset Management UK Ltd
Sygnia Finance (Pty) Ltd
Sygnia UK Ltd
Taquanta Asset Managers (Pty) Ltd
TiAuto Holdings (Pty) Ltd
Tlhabane Sun (Pty) Ltd
Transparent Financial Services (Pty) Ltd
Truffle Asset Management (Pty) Ltd
WealthFoundry (Pty) Ltd

For more information about this report visit https://www.researchandmarkets.com/r/w30qc4

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