Seven out of 10 middle class workers experience some form of financial stress according to the findings of the 2017 Sanlam Benchmark Survey.
Exciting news! The investment Product Administration has been upgraded and we are pleased to announce that the successful implementation is currently under way.
The FSB Information Circular PF 24 of 2017 specifies that with effect 1 March 2017, all retirement funds will be required to apply for a tax directive in respect of members transferring to the fund by means of a Section 14.
The South African Reserve Bank, Financial Surveillance Department has been engaging with many of their stakeholders with regards to reducing the submission period of the Quarterly Asset Allocation Reports (QAARs).
Working out how much an average South African needs to retire comfortably is theoretically simple process.
Very few South Africans can afford to retire – 45% are dependent on their family, 32% are forced to continue working and 17% rely on the R1500 per month state pension.