Discovery launches new investment platform that looks at how long you will live

Discovery Group has launched Cogence, a discretionary fund manager , to provide investment solutions for local investors.

“Firstly, investment markets are more sophisticated and complex than ever. At the same time, we’re seeing local investors increasingly looking to invest more globally.” “Secondly, more than 90% of people in South Africa can’t afford retirement, relying on their family or state, and often the elasticity of savings behaviours is more important than investment returns.”

Kenny Rabson, CEO of Discovery Invest, said, “Navigating financial planning for the future is multi-dimensional and is compounded by complexities and difficulties. The ability to use technology to model the impact that these factors will have on retirement provision is becoming vital, and investors need global expertise with local applicability.”

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