The conventional wisdom around retirement funding needs some serious revision. It is my contention that as a result of the very strict application of Regulation 28 (and the poor systems at most administrators) that people who make use of the (default) traditional “balanced” funds for retirement are going to seriously under fund their retirement. Balanced funds are typically managed with a 5-7 year view and as a result are too conservative for a 30-40 year investment…there is strong mathematical evidence to suggest that under the current legislation, that RA’s and pension funds are no longer appropriate for younger people! .
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