The Fund has also performed similarly to (and often better than) the average retirement fund in South Africa.
It is common for people to base their expectations of future investment performance on past performance, especially the recent past. However, the past is not always a good indicator of future performance because of the complexity of all the factors that create the actual investment performance.
On this note, it is at times like these that members must take care to moderate their expectations of future investment returns. We have experienced an “up-cycle” for some time now and are currently in a difficult economic environment. We don’t expect that the Fund’s assets will be able to continue to achieve a similar level of high performance in the coming years.
It is important to keep what YOU have already invested in the Woolworths Group Retirement Fund and not withdraw these savings until reaching retirement.