
What a weekly workout can teach us about retirement
Exercising regularly is only the starting point for Discovery’s argument that everyday behaviours can have a lasting effect on earnings, debt, and retirement security.

Exercising regularly is only the starting point for Discovery’s argument that everyday behaviours can have a lasting effect on earnings, debt, and retirement security.

Industry experts say that small, unclaimed pots left behind by members pose a growing challenge that must be managed to protect long-term retirement outcomes.

Discovery’s analysis shows that women retire with 21% fewer assets than men – driven by a 24% pay gap, unequal caregiving burdens, and conservative fund choices.

Despite relatively low overall withdrawal rates, 24% of claimants are using their retirement savings for home or car repairs and 21% for settling short-term debt.

Funds that cannot pay withdrawals because their rules are invalid must inform members why they may not be allowed to access their benefits.

Discovery Corporate and Employee Benefits provides a checkist of what employers should be doing before 1 September.