Looking After Your Retirement Savings DURING a Crisis
Because of Covid-19, many people are experiencing tough times. They are fearful and anxious about their health and that of their loved ones, and worrying about their jobs as well as having financial challenges. On top of this, many of us will be concerned to see the value of our retirement savings falling at the same time.
SUCH FEAR AND ANXIETY ARE ENTIRELY UNDERSTANDABLE, BUT NOW IS NOT THE TIME TO PANIC. IN THIS NEWSLETTER WE GIVE THE REASONS WHY YOU SHOULD REMAIN CALM AND INVESTED IN THE FUND.
WELL DONE, SOUTH AFRICA
An analysis of data shows South Africa’s efforts to flatten the Covid-19 curve are among the most effective in the world – nothing short of world-class.
HOW DO WE INVEST YOUR RETIREMENT SAVINGS?
For the majority of our members, the Woolworths Group Retirement Fund offers an Automatic Life Stage investment option. This is an appropriate long-term investment strategy.
The Automatic Life Stage investment option is a 'balanced' investment approach where our investment managers decide on the best equity content of each portfolio based on their reading of the prevailing investment conditions.
If you are invested in the Automatic Life Stage option, you will have your fund credit allocated to a specific portfolio based on the number of years that you have to normal retirement age (63 years old).