News & information
Umbrella funds opening up
Umbrella retirement funds will disclose the costs they charge employers and members in a standardised way from March 2019.
Stricter rules for the sector will hit smaller funds harder
National Treasury has instructed the FSB to reduce the more than 1 650 active retirement funds to less than 200.
Pensions – Some progress
Members of provident funds can take their pension in a lump sum for now, though government and business would like to see pension and provident funds rules aligned so that everyone would have to buy a regular annuity.
End of the road for company pension funds?
The default pension fund regulations could persuade many employer-sponsored funds to move their employees to an umbrella fund.
Budget Speech 2018
Finance Minister Malusi Gigaba’s maiden budget speech was keenly anticipated by South Africans wanting clarity on how he proposes to plug the gaping budget deficit. In his own words “This is a tough, but hopeful budget”.
Sanlam Employee Benefits partners with 27four Investment Managers
Sanlam’s Employee Benefits has partnered with 27four Investment Managers to launch South Africa’s first, black managed, smoothed bonus product.