Pretoria News Weekend

World events affect the value of our retirement savings

In October 2010 there were massive strikes across France against pension reform. Activist Jean-Baptiste Reddé’s slogan “Ecoutez la colère du peuple” (Listen to the people’s rage) became world famous as the symbol that epitomised public sentiment. “More than a decade later France is again (there) because of President Emmanuel Macron’s proposed pension reform that plans to make the French work longer, by pushing back the legal retirement age from 62 to 64 or reducing pay-outs for early retirees,” Blessing Utete, managing executive of Old Mutual Corporate Consultants wrote in an op-ed on Ebnet this week.

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