The Ferrari of pension assets
Since its full year review in January, there has been plenty for investors to digest. These include the tapering of QE and conflicts in the Middle East and Ukraine.
One of the most exciting developments was the overhaul of pensions in the March Budget, which removed the requirement to buy an annuity on retirement from 2015.
'Of course there are naysayers who think that such a move will lead to pensioners splashing their savings on a new Ferrari, rather than prudently securing their financial stability,' says the Income Study's author Paul Surguy (pictured).
'At Sanlam, we are not ready to invest in the shares of luxury car makers quite yet, as we believe that those wise enough to save for their retirement will not squander their wealth so quickly.'
This presents an opportunity for equity funds and we highlight 10 which Sanlam has widely differing views on.