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...
Disclaimer. Please note that this article uses very broad generalisation of a painted scenario for the purpose of dramatic effect. Individuals are all different and different circumstances will be relevant to every individual fund, member or service provider....
I write this article in January 2024, the new year has arrived and we look forward to a year filled with major events, both in South Africa and abroad. National elections are scheduled to be held this year, which will inevitably have an impact on pensions and...
Corné Heymans, senior actuary and member of the Retirement Matters Committee at the Actuarial Society of South Africa (ASSA)Since the implementation of the Pension Funds Act in 1956, many retirement funds have come and gone. With more than 25 500 funds registered to...
Stephan Walker Chairperson of the Retirement Matters Committee of the Actuarial Society of South Africa. In mid-December 2021,National Treasury released discussion document concerning planned and possible changes to South African retirement funds. There has been a lot...