Don’t let the default option lead you to a false sense of security

Don’t let the default option lead you to a false sense of security

Picture: Shutterstock Every independent financial planner has stories to share of being approached by meeting new clients who have a few months to go before retirement. They usually have a worried look and a lot of questions about how to invest their life savings. Could the new default option change that?

The new default option came into effect at the start of the new tax year (March 1 2019) and states that every pension fund should have a default investment portfolio that contributing members could belong to if they do not want to make personal choices about how to invest […]

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