Industry Updates
Phase 2 Communication Consumer Engagement Survey
We would appreciate your assistance in communicating and disseminating this survey for members to complete by 30 September 2023.
Gen Z: Our saving grace?
Gen-Z is radically different from previous generations and seem more finanically conscientious, highly tech savvy and more time-rich than previous counterparts. They are already infiltrating the workforce and are already savers from a young age. Read more about how they can continue on this positive trend, to get retirement right.
Are beneficiary funds more appropriate for the payment of minor beneficiaries’ benefits?
When a member of a retirement fund passes away, there is likely to be a death benefit payable by the retirement fund. The Pension Funds Act (the Act) which governs retirement funds, requires the board of trustees to...
2023 Budget Speech Summary
The Budget Speech Summary provides insights on how the country’s current economic standing will affect you.
FSCA Conduct Standard: New requirements related to the payment of contributions
The Financial Sector Conduct Authority (FSCA) has issued changes to the requirements for contributions, contribution statements and reporting around contributions. The purpose of the changes – reflected in the FSCA Conduct Standard 1 of 2022, is to standardise the manner and format of reporting by Funds in respect of all contribution related matters.
Policyholder Protection Rules update: Changing from group funeral insurance to individual cover
Insurers’ may not impose a waiting period on members who wish to enter a new individual funeral policy after their service with their employer is terminated, provided they were previously covered by a group funeral policy.