One of the biggest criticisms of the retirement industry, which is being driven by societal changes, is that the future is so unpredictable that it is almost impossible to save for retirement.
All our supporting consultants and participating employers will receive communication, detailing the client-specific changes to operating expenses and risk premiums (where applicable).
A summary of the Medium Term Policy Statement issued by Finance Minister Tito Mboweni issued on 30 October 2019.
Consultants who wish to review any consulting fee for 2020 should ensure the necessary signed documentation for this change must reach us no later than 31 December 2019.
Board Notice 194 of 2017, published by the Financial Services Board – now called the Financial Sector Conduct Authority (FSCA) – introduced the new Fit and Proper Requirements as from 1 April 2018.
Participating Employers and their consultants should look out for the communication in this regard and consultants are requested to support their clients with this process.