Industry Updates

It has been 37 years when the Sanlam Benchmark research was founded. The Sanlam Benchmark Symposium is one of the most important events on the annual calendar of the retirement funding industry as the latest Sanlam Benchmark research insights are openly shared with a view to enabling stakeholders to improve retirement outcomes.

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 – 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.

When considering an umbrella fund, the role of the consultant is critical to improve outcomes for members.

In the latest issue of the Sanlam Umbrella Fund Joint Forum update, we provide valuable feedback to consultants and members of the Joint Forum.

National Treasury has instructed the FSB to reduce the more than 1 650 active retirement funds to less than 200.