A look at some of the recent changes as well as some of the proposed changes that will have an impact on the retirement fund industry.
A look at some of the recent changes as well as some of the proposed changes that will have an impact on the retirement fund industry.
According to the Sanlam Benchmark Survey 2015, the current position of South African retirees is far from desirable with around 60% of pensioners living with monthly expenses exceeding their monthly income.
There is a lot going on in the regulatory space. Between retirement reform, on the one hand, and the so-called ‘Twin peaks’ model of financial regulation on the other, it is challenging to keep on top of the changes that are imminent and those that are still some way off.
Treasury recently announced that some of the proposed changes introduced as part of retirement reform would be delayed. This led to confusion as to what was going ahead and what was delayed. Fortunately, the revised draft Taxation Laws Amendment Bill was recently released and clarifies some of the confusion raised.
Exploring international trends as local reforms stall.
We can expect to see a number of changes in the regulatory environment from March 2015 and beyond. We take a look at what this means for retirement savings.
A look at the latest policies for retirement reform.
The goal of saving for retirement is to provide an income in retirement. There are however instances when a retirement fund member can access all or a portion of their retirement benefits before retirement.
Treasury’s proposals to reduce costs in retirement funds.
Review of retirement reform proposals.