Retirement benefits counselling is a step in the right direction, says Ensimini CEO
04 June 2018
The recent amendments to the Pensions Fund Act have brought the importance of retirement benefits counselling to the fore and Jaco Pretorius, CEO of Ensimini Financial Services, says this is a step in the right direction. “For some time now we have been advocating that more needs to be done to improve access to information and financial services and to enhance the level of transparency in the retirement savings industry. While it has been easy for the retirement savings industry to blame consumer apathy for poor consumer decisions, it is often more likely the result of lack of access to relevant and unbiased information,” he says.