Industry Updates

The Effective Annual Cost (EAC) disclosure is a standardised disclosure methodology for retirement savings that came into effect from 31 March 2021.

The fund and all its stakeholders such as employers, contracted benefit consultants and insurers will have to comply with the new requirements of POPIA from 30 June 2021. In the course of the next few months we will communicate with you the adjustments and tweaks we will make to our contracts, forms, processes and procedures.

The 2021 National Budget comes as South Africa prepares for the biggest vaccination programme in its history. The Budget Speech Summary provides insights on how it will affect you.

Valuable guidelines from Khead of Annuities at Sanlam Corporate, Karen Wentzel.

Balanced funds delivered strong returns for investors in 2020. Through markets that plunged, and then rose, in rapid succession, managers of balanced funds were able to apply tactical asset allocation to extract the best performance from equities, bonds and the performance of the rand.

Danie van Zyl discusses the concept of market value adjustments as a means of protecting members of smoothed bonus portfolios during times of negative investment returns.