Industry Updates
Why haven’t we had this before?
Amendments to the Pensions Fund Act, which have generally become known as ‘the default regulations’, place a number of new requirements on fund trustees.
Millennials most at risk of poor retirement outcomes
Millennials – individuals born between 1981 and 1996 – are most at risk of achieving poor retirement outcomes, as this group tends to change jobs more frequently than previous generations and generally cash out their retirement benefits when they do.
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.