State urged to force people to save

It quotes a Sanlam benchmark survey, which polled more than 1300 retirement fund trustees, principal officers, retirement fund members and pensioners and it showed that only 53% of people were on track for a secure retirement.

IOL says that a staggering 70% of people who switched jobs actually cashed in their retirement funds and used these savings to settle short-term debts.

Read more:

• IOL: State 'must force retirement savings'
  
• Sanlam Benchmark Survey results: Sanlam calls for sea change in retirement industry