Retirement

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Compound interest is why employees must keep retirement savings invested between jobs

11 January 2022 | General

Millions of South African employees rely solely on the money saved in their employers’ retirement fund to earn an income in retirement. However, for most, this money is insufficient to sustain them.

“Two-Pot” system expected to double retirement outcomes for new members

15 December 2021 | General

National Treasury has released a paper titled ‘Encouraging South African households to save more for retirement’ for public comment. The paper provides proposals aimed at enabling limited access to retirement fund savings pre-retirement, enhancing longer term retirement outcomes by improving preservation and inclusively improving retirement outcomes via the mechanism of auto-enrolment.

The wonders of a windfall

07 December 2021 | Savings & Investments

It’s hard to believe that the end of another year is already upon us. Under “normal” circumstances, December would be a time when many of us would be looking forward to receiving an annual bonus. However, the reality is that some companies have struggled over the past 12 months and may not be in a position to pay their staff something extra at the end of the year.

Scope for consolidation in the retirement fund industry to benefit from economies of scale

26 November 2021 | General

On 17 November 2021 the Financial Sector Conduct Authority (FSCA) and National Treasury (NT) published an updated economies of scale report on the retirement fund industry of South Africa. The report is an update of an initial study done in 2011 and analysed data sets up to 2018 to understand the relationship between size of funds and fund administration charges.

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