Chuin Ting Weber, CEO and CIO of MoneyOwl believes it “should not be the foundational solution for retirement security, and it is not for everyone”.
It does advance a “middle-ground, signposted, DIY-investing model” and will likely set a benchmark in low costs, but it is “neither risk-free nor guaranteed to beat the OA and SA rates”.
She would stick to the “safe compounding machine” of the OA and SA rates to prioritise safety and sufficiency for a safe retirement income floor.
Higher returns and flexibility are only for those who have excess balances for a second layer of retirement assets to fund additional, non-essential needs.
