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One of the biggest financial concerns for anyone who has reached retirement age is whether the increases in the amounts that they receive from their retirement fund or annuity will keep up with inflation each year.
Many of South Africa's estimated 54 000 retirement fund trustees are in urgent need of training to assist them in meeting their obligations to help stop the on-going misappropriation of money belonging to members and their beneficiaries.
PriceWaterhouseCoopers (PwC) released the results of an extensive survey of the South African retirement fund industry recently.
Effective management is crucial to the retirement fund industry in South Africa. Trustee boards are accountable to members for a key part of their life savings. Accordingly the position of trustee carries with it great responsibility.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?