Unless you are Elon Musk, setting aside money today to provide for the years ahead by creating a retirement fund is not an option - it's a must. Retirement planning is a multi-step process that evolves over time.

By planning for your retirement today, you can maintain your standard of living in your retirement years.

Lerato Mbele speaks to Takalani Lukhaimane, Manager for  Retirement Fund Conduct at the Financial Service Conduct Authority and Lesego Mpete, Head of Employee Benefits at Gradidge-Mahura Investments about pension funds.