Stand-alone fund administration
This quarterly news update contains valuable information for board of trustees, employers, intermediaries and other stakeholders in the stand-alone retirement fund space.
When an employee leaves their place of employment (but does not retire), it is important to give them every opportunity to preserve their retirement savings.
The Default regulations, promulgated in 2018 for implementation in March 2019, had a number of major impacts on SEB.
The aim of Retirement Benefits Counselling is to improve the outcomes for members by giving them access to the options they have available when withdrawing or retiring from a fund.
News and Information
The Taxation Laws Amendment Bill, 2020 (“the Bill”) has been introduced to Parliament.
In terms of section 51 of the Promotion of Access to Information Act, 2000 (“PAIA”), all public and private bodies (including retirement funds) must prepare a PAIA manual.
Conduct Standard 5 of 2020 (RF): Conditions for smoothed bonus policies as default investment portfolios
The Conduct Standard prescribes the conditions with which a smoothed bonus policy must comply in order to meet the definition of “default investment portfolio” as defined in the regulations in terms of the Pension Funds Act.