General

Explore the Category

Don't bank on wishful thinking: Practical solutions for a secure retirement

18 July 2023

Retirement is a time that many people may look forward to, envisioning a golden phase of life filled with relaxation, pursuing hobbies, and spending quality time with friends and family. However, wishful thinking about affording retirement can create significant challenges down the line.

SA pension system in the doldrums

05 July 2023

If you or your clients are putting your faith in the South African pension system as a safety net for your golden years, then it may be time to rethink your retirement planning strategy. This advice follows the publication of the Allianz Global Pension Report 2023 which, like many other global rankings produced over the years, places South Africa deep in the bottom quartile. The report offers a comprehensive overview of pension system outcomes in 75 countries, from top performers like Denmark, the Netherlands and Sweden to bottom-of-the-table, Morocco; Lebanon; and Sri Lanka.

Will industry players be ready to implement the new laws?

03 July 2023

The insurance industry waited in anticipation for the release of the updated draft retirement reform legislation.

How bizarre: three pots in a two-pot system

26 June 2023

You have to admire the South African retirement fund industry for its valiant attempts to inform the public, and retirement fund members, of National Treasury’s proposed 24 March 2024 implementation of its two- or possibly three-pots retirement system. For months, the country’s leading financial services providers have struggled to communicate the changes and implementation pathways that the proposed regulatory reforms will introduce due to the final regulatory roadmap still being up in the air.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results