FSCA (previously FSB) compels boards of funds to make contact with Fund members
Despite a number of projects to obtain member contact details, many members’ details are still not on record yet. Read about why the Trustees regard this as a matter of utmost importance.
Default strategy already in place at 20% of funds
Find out about the advantages of default annuities and other questions on default strategy.
The critical role of an excellent consultant when considering umbrella funds
When considering an umbrella fund, the role of the consultant is critical to improve outcomes for members.
Sanlam Umbrella Fund Joint Forum update – March 2018
In the latest issue of the Sanlam Umbrella Fund Joint Forum update, we provide valuable feedback to consultants and members of the Joint Forum.
Stricter rules for the sector will hit smaller funds harder
National Treasury has instructed the FSB to reduce the more than 1 650 active retirement funds to less than 200.
Pensions – Some progress
Members of provident funds can take their pension in a lump sum for now, though government and business would like to see pension and provident funds rules aligned so that everyone would have to buy a regular annuity.