Fund Updates
POPIA Update: Sanlam Corporate’s Road to Readiness
The Protection of Personal Information Act 4 of 2013 (POPIA) will come into full effect on 1 July 2021. Click here
to read comprehensive update on Sanlam Corporate’s implementation of the legislation. The document also provides an overview of the steps that Sanlam is taking to ensure compliance with POPIA as well as a FAQ sheet to address any queries you may have.
Change of default strategy for paid-up member category
The default investment strategy for members who default into the paid-up member category has been reviewed and will change to the Volatility Protection Strategy with effect from 1 July 2021. Click here
for further details.
Change in unapproved policies
The provision in the Insurance Act that allowed an employer to use its discretion in determining the beneficiaries to receive a payment for unapproved benefits is no longer allowed. Click here to read more.
The long-awaited reforms, also known as T-Day will come into effect on 1 March 2021.
From 1 March 2021, retirement benefits from provident funds and provident preservation funds will be governed by the same rules as pension funds.
51% of retirees can’t make ends meet
Financial planner, James Vigne offers some tips to help retired parents.
T-Day – Retirement reform changes
Over the last few years,
government has been
reviewing and changing the laws
that control the retirement fund industry. These retirement reforms aim to ensure that you save enough for retirement and that your savings are protected.