In previous articles, we explored strategies to safeguard retirement funds against failure, drawing insights from corporate failures and independent non-executive (NED) remuneration practices to identify transferrable learnings for retirement funds. In this...
Many retirement funds, including commercial umbrella funds, maintain a life-cycle investment strategy. Trustees carefully consider the investment strategy, with input from experts in the field. These experts design sophisticated investment strategies, often...
The world of retirement fund servicing is undergoing a significant transformation, thanks to the emergence of Artificial Intelligence (AI) assistants. Fund secretaries and employee benefits consultants to retirement funds can now leverage AI to streamline...
A recent and interesting industry trend is that of death benefits being placed into beneficiary funds for elderly parents of deceased retirement fund members. This is notable because beneficiary funds have since their inception been primarily seen as a...
With both the Pension Funds Amendment Bill and the Revenue Laws Amendment Bill having been passed by the National Treasury, the President must sign the bills into law. However, a few steps remain in finalising the implementation of the Two Component system,...
Everybody loves tax – not! Unfortunately, in South Africa taxation is unavoidable and very high. It is also very complicated. The two-pot system has introduced a new way to tax our retirement funds. Any withdrawal from your savings pots will be based on...
If your employees belong to a retirement fund, you can take some important steps right now to avoid dissatisfaction and a deluge of complaints. The National Treasury is anticipating a R5 billion revenue windfall from taxing two-pot withdrawals in the next...
With the expected advent of the two-pot retirement system in September 2024, South Africa stands on the brink of a significant overhaul in retirement savings. Yet, a recent Old Mutual survey reveals a concerning trend: half of the independent financial...
The implementation of the two-pot retirement system edges nearer as the NCOP passed the Pension Funds Amendment Bill on 25 April 2024, incorporating alterations that resolve certain inconsistencies and bringing it one step closer to fruition on September 1st...
Imagine you could boost your retirement savings simply by taking advantage of the gift government gave investors in 2022 when it increased the annual offshore portfolio allowance from 30% to 45%? Iva Madjarova, Head of Institutional Business at Sygnia,...