On 15 October 2024, Ninety One announced that the California State Teachers’ Retirement System (CalSTRS), the largest educator-only public pension fund in the world, has awarded a $150m mandate to Ninety One’s Global Environment strategy. Managed by Deirdre...
On 9 September 2024, Ashburton Investments and FNB Wealth and Investments announced a partnership with international investment powerhouse Morgan Stanley Investment Management Limited (MSIM) to strengthen its global capabilities. The partnership will result...
Lack of access to primary healthcare remains a major concern for the average South African and according to Statista only 15.8 % of South Africans have access to medical aid. In seeking to find a solution for this challenge, FNB Insure has announced a...
1 September 2024 marks the commencement of the Two Component system. It is one of the most significant reforms to the retirement fund industry in decades and undoubtedly, many working in, and for, this industry are feeling a bit overwhelmed and nervous, given...
On 1 September 2024, the retirement system in South Africa will change considerably. The new regime is known as the two-pot retirement system. Going forward, members of retirement funds will be able to access a portion of their retirement savings while still...
The two-pot system is the latest milestone in retirement reforms that have taken place over the last decade. This new system is an exciting and significant enhancement to our retirement fund system. The two-pot system will increase retirement savings over the...
It can sometimes feel like mental health issues are an entirely modern problem; in truth they have probably been around as long as we have. People just didn't talk about them before and those affected suffered alone, in silence and in shame. Today, we can...
When a member of a retirement fund dies before reaching retirement age, the lump sum benefit which becomes payable (the “death benefit”) must be paid to the member's dependants and/or nominees. Section 37C of the Pension Funds Act, 1956 regulates the payment...
The President signed the Pension Funds Amendment Bill into law on the 21 July 2024, clearing the way for retirement funds to amend their rules, to enable members to access part of their retirement savings without having to leave employment. The two-pot...
As retirement funds prepare for the Two-Pot system on 1 September 2024, a major concern is the expected influx of inquiries from members wanting to withdraw from their savings pot. Providing efficient and compassionate support to members becomes paramount....