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The announcement of the new retirement fund default regulations by Finance Minister Malusi Gigaba aim to improve members’ retirement outcomes by helping them to make more appropriate decisions.
The National Treasury’s call on Parliament to extend the deadline on the proposed annuitisation of provident fund benefits by another year to 2019 is not ideal, but should this time be used to ensure proper communication with stakeholders, it may have a substantial and positive impact for millions of South Africans.
What do successful women consider important when it comes to managing their personal finances? A group of accomplished female actuaries, all of them in leadership positions, were asked to share one tip that they feel strongly about to inspire other women to take charge of their financial situation this Women’s Month.
The Associatian of Savings and Investments South Africa (ASISA) recently announced that drawdown rates on living annuities increased from 6.44% to 6.62% in 2016. The increase for the first time in six years since 2011 in drawdown rates is not surprising, given that markets had been relatively flat and inflation still relatively high.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?