This video gives an easy, conversational introduction to problems surrounding savings in South Africa as well as tax-free savings vehicles. Life expectancy is on the rise and longevity risks pose a large threat to Retirement income sustainability. Only 29% of South Africans (based on a survey conducted by Sanlam in 2014) are able to maintain their standard of living in retirement. Dawie de Villiers, CEO of employee benefits at Sanlam, says that key issues relating to the core of the savings problem include: Education, Transferring of jobs etc. Savings incentives such as tax-free savings vehicles are imperative to solving the problem according to Dawie. He also speaks of the so called “Sandwich Generation” which relates to the previously posted article. Have a watch.