Mianzo (meaning “New Beginnings” in Swahili) Asset Management is a black-owned, Cape Town based asset Management Company.



An investment-linked annuity policy designed to provide retirees with a flexible income during retirement. Best suited to retirees who do not want to purchase a guaranteed or a with-profits annuity.


  • You can purchase this policy with proceeds from a retirement benefit or with proceeds from another living annuity.
  • You can choose a level of income that suits you at the start of the policy, provided that it falls between 2.5% and 17.5% of your investment, as stipulated by South African law.
  • You can also choose whether you want your income to be paid monthly, quarterly, bi-annually or annually.
  • Your income can be paid either as a Rand amount or as a percentage of your investment at the start of each year.
  • You can revise your income annually on the anniversary date of your policy.
  • Your income is not guaranteed for life and is dependent on the value of your investment. This will fluctuate based on the performance of the underlying investments.


You will be able to invest in a range of life-pooled portfolios and approved collective investment schemes available on the 27four Life Platform.


Tax will be deducted by 27four Life and paid directly to SARS. The tax paid will be based on either a tax directive provided by you or on the current PAYE tax tables.


  • You will pay an on-going policy fee which depends on the size of your investment.
  • Investments can be switched at any time without incurring any fees.
  • Should you wish to transfer your living annuity to another provider, we will not impose any fees or penalties.