Industry Updates
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.
Budget Speech 2018
Finance Minister Malusi Gigaba’s maiden budget speech was keenly anticipated by South Africans wanting clarity on how he proposes to plug the gaping budget deficit. In his own words “This is a tough, but hopeful budget”.
Sanlam Employee Benefits partners with 27four Investment Managers
Sanlam’s Employee Benefits has partnered with 27four Investment Managers to launch South Africa’s first, black managed, smoothed bonus product.
End of the road for company pension funds?
The default pension fund regulations could persuade many employer-sponsored funds to move their employees to an umbrella fund.
Money worries cost employers 35% of payroll
Read the full article by Laura du Preez as published in the Sunday Times on 26 November 2017 here.
What makes some pension systems better than others?
Read the full article by Kobus Hanekom as published on Insurance Gateway on 23 November 2017 here.