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October 2011

Economic updates

The world is facing a dichotomy: whether to save money to weather the storm ahead or to spend like there is no tomorrow in order to prevent another recession. While in the long term collective savings are good, in the short term sudden increases in savings can actually harm economic growth. This is known as the paradox of thrift, a phrase coined by famous economist John Maynard Keynes.

Locally we are facing the impact of continuous global turmoil as our economic growth figures fall significantly. The only upside for people with debt is that interest rates will stay low for longer – so it is probably best to ignore Keynesian economics and to use these low interest rates to reduce personal debt.

Find out more in our local and global economic reviews.

Kind regards

Steven Braudo
Chief Executive Officer: Liberty Retail SA

Investing

As economic uncertainty continues, people want to increase their savings but may lack the discipline to do so. If you want to save but need the motivation, consider forming an investment club with a group of friends. Read more about it in our article Saving as a Group.

On the theme of investing, there have been important changes to Regulation 28 of the Pension Fund Act. Rowan Burger, head of retirement reform at Liberty, looks at How Regulation 28 affects your Retirement Annuity.

Extra Information

The Weekly Focus is a commentary on markets, economic and investments prepared by Paul Hansen and Kevin Lings of STANLIB. You can read the latest developments every Tuesday by following the link on www.liberty.co.za.

Investment portfolio updates

Investment portfolios offered by Liberty: performance, risk profiles, asset allocation. Click here.

Online Policyholder Servicing

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