Retirement / General

Delegated investment service puts retirement fund members first

When the Financial Sector Conduct Authority announced last year that it wants the number of standalone pension funds to shrink dramatically by March this year, it ushered in the industry’s biggest shift since the move from defined benefit to defined contribution funds in the late 1990s.

Treasury’s new Default Regulations for retirement funds, unpacked

Contribute more to your retirement savings, end up with a much better pension, and save on your tax bill

Let’s say you’re 28 years old, earning R30 000 a month and you have R70 000 in retirement savings. Now let’s look at the difference between contributing 5% and 10% of your monthly salary to your retirement fund from here on.

How to deal with default regulations

The Finance Minister’s 2019 Budget had its central focus on the issue of Eskom’s dire financial position and how it would be funded and restructured. The Budget contained few surprises, which was probably to be expected in an election year.