Pension reforms to boost industry

The South African asset-management industry will grow significantly - if reforms in the retirement savings industry continue in the way they are now. Thabo Khojane, managing director of Investec Asset Management, says the South African unit trust industry is likely to become one of the fasted growing in the world, along with Australia, if the government  makes preservation compulsory as part of retirement reform over the next five to 10 years.