If trustees could not act in the best interests of fund members, then the introduction of prescribed assets could do more harm than good.
A summary of the Medium Term Policy Statement issued by Finance Minister Tito Mboweni issued on 30 October 2019.
All our supporting consultants and participating employers will receive communication, detailing the client-specific changes to operating expenses and risk premiums (where applicable).
The RSC Disclosure is a simplified and practical illustration of the estimated retirement savings costs at an employer level, allowing for more consistent comparison of costs across the industry.
Read Sanlam Employee Benefits’s commentary on Finance Minister Tito Mboweni's budget speech.
The Sanlam Employee Benefits administration platform has been developed to accommodate the changes and these are being implemented on our platform as required.