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Mutual & Federal hands cheque over to J9 Foundation

20 November 2014 Mutual & Federal
From L-R: Mark Weston, Michelé Schliesser, Jaco van der Sandt, Raimund Snyders and Nangula Kauluma.

From L-R: Mark Weston, Michelé Schliesser, Jaco van der Sandt, Raimund Snyders and Nangula Kauluma.

Mutual & Federal’s  exco team handed over a  cheque of R50 000 to the J9 Foundation after completing the Ice Bucket challenge on the 19th November 2014.

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QUESTION

What do you think the high volume of inquiries and withdrawal requests means for the future of the two-pot system?

ANSWER

It suggests high demand and potential success of the system
It indicates possible problems with the system’s implementation or communication
It points to financial stress among individuals that could affect long-term retirement planning
It could be detrimental to the economy and people's retirement security
It’s too early to determine the impact on the system’s future
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