News and Information
Two pot system expected to be implemented in 2023
In terms of a so-called two pot system, which is expected to be implemented in 2023, retirement contributions will be restructured into two pots.
The FSCA update on the draft Conduct Standard
The Financial Sector Conduct Authority (FSCA) on 15 February 2022 advised that a draft Conduct Standard on the payment of retirement fund contributions, together with supporting documentation, was submitted to Parliament on 8 December 2021
Consumers continue to suffer financial effects of the pandemic
Life for South African consumers is far from back to normal, as a number of surveys attest. For the average consumer, income levels are down, savings are down, and debt levels have risen.
Legal Update November 2021
The following legal updates were publish by The Sanlam Corporate Legal department for your attention.
POPIA Update: Sanlam Corporate’s Road To Readiness
Sanlam Corporate’s implementation of the legislation for POPIA.
A Setback for Retirement Funds
Kanyisa Mkhize, Chief Executive Officer at Sanlam Corporate, says the pandemic has been a setback for South African retirement fund members and retirees.