
More South Africans Withdrawing From Their Retirement Savings
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The Association for Savings and Investment South Africa (ASISA) today released the half-yearly long-term insurance statistics, with the data showing that the Covid-19 pandemic and lockdowns have had a clear impact on the finances of South Africans. The data shows a decline in the number of individual recurring premium savings policies – endowments and retirement annuities – from 6.1 million policies at the end of December 2020 to 6 million at the end of June 2021.

