[Promoted] FNB’s new ‘Retirement Annuity on App’ makes it easier for anyone to save for retirement
In less than three minutes, customers can get a retirement annuity digitally without paying financial advisor commissions or investment processing fees.The lower fees ensure that more of the customers’ contributions get invested, further boosting their retirement savings over time.
Raj Makanjee, CEO of FNB Retail and Private Banking says, “This is part of our focus to be an integrated financial services provider that is relevant to customers across their transactional, credit, insurance and investment needs.” He mentions that “it is never too late to start saving for retirement, but people who start much earlier have a better chance of meeting their retirement goals.”
Mkhize says that the RA on App feature was developed in response to feedback from many FNB customers who said that they were hesitant to invest in an RA because the process seemed complicated.
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