Paper Title :A Review of The Factors Influencing Retirement Funding Adequacy: A South African Perspective
Author :Bomikazi Zeka, Chantal Rootman, Janine Kruger
Article Citation :Bomikazi Zeka ,Chantal Rootman ,Janine Kruger ,
(2017 ) " A Review of The Factors Influencing Retirement Funding Adequacy: A South African Perspective " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 50-55,
Volume-3,Issue-9
Abstract : This paper reviews literature on the factors influencing the retirement funding adequacy of South Africans.
Numerous studies have looked into the factors that play a role in ensuring individuals reach retirement age with adequate
retirement provisions, however, few studies have addressed this in the South African context. With the little academic
research done on the factors influencing retirement funding adequacy among South Africans, it is important to thoroughly
review the literature to examine which factors are applicable in determining the retirement funding adequacy of South
Africans. Based on the literature review, a hypothetical model was proposed by the researchers. According to this model, an
individual’s retirement funding adequacy is possibly influenced by his/her financial literacy, the role of the financial planner
as well as the individual’s family support structure and health status. The influence of a mediating variable (retirement
planning) is also indicated. This paper ultimately suggests that the hypothetical model be tested in a follow-up quantitative
study, as this may provide helpful insights toassist individuals and financial institutions to understand the factors that
influence the adequacy of retirement funding, especially in South Africa.
Keywords- Family Support Structure, Financial Literacy, Health Status, Retirement Funding Adequacy, Retirement
Planning, Role of the Financial Planner.
Type : Research paper
Published : Volume-3,Issue-9
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-9384
View Here
Copyright: © Institute of Research and Journals
|
|
| |
|
PDF |
| |
Viewed - 74 |
| |
Published on 2017-11-24 |
|