Industry Updates
Group RAs vs umbrella funds
An increasing number of small- to medium-size employers are offering their employees what are known as
Implementation of Tax Harmonisation of Retirement Fund Contributions and Benefits
National Treasury would like to inform all members of the public that the tax harmonisation reforms of retirement funds will be implemented from 1 March 2016… Read more
Umbrella funds ARE viable
The retirement fund landscape has seen massive growth of the umbrella fund market over the past few years… Read more as published in Business Brief on 1 December 2015
Rushing to resign
Pension and provident fund insurance outfits say they will know only next month if they will have to pay out large sums to members… Read more as published in Saturday Star on 23 January 2016
Retirement SAVINGS cost
The Association for Savings & Investment South Africa’s (ASISA) decision to implement an industry-agreed standard method for comparing charges on individual investment savings products is to be welcomed, says...
No even spread of costs
It was said back in 2009 that commercial umbrella funds needed to grow to the magic number of 1.6m members. At this level they would be able to spread their fixed costs and investment infrastructure, and charges should...