SA’s largest umbrella retirement fund expects two-pots to drive membership growth
The R157bn Old Mutual SuperFund also sees further consolidation of standalone retirement funds in the future.
3min read
FSCA publishes ‘two pots’ guidance for defined-benefit funds
The FSCA has published a “best practice” guidance on how retirement funds should apply the two-pot retirement system to defined-benefit (DB) members, or to defined-contribution (DC) members who have a DB underpin at retirement.
3min read
Navigating the defined benefit landscape from 1 September 2024
1 September 2024 marks the commencement of the Two Component system.
Good support for the work stakeholders have done to ready themselves for this day and good distinctions drawn between the defined benefit schemes and defined contribution schemes.
6min read or listen to the article.
Adjudicator urges funds and members to communicate to avoid two-pot complaints
Members of retirement funds who are contemplating making a withdrawal when the two-pot retirement system takes effect next month should find out whether they will be entitled to access a portion of their savings, advises the Office of the Pension Funds Adjudicator (OPFA).
4min read
What the two-pot system means for South Africa
To better understand the potential implications, research conducted by Investec draws on early pension withdrawal regulatory amendments implemented in Australia, Chile and Peru, offering instructive insights and potential lessons related to the macroeconomic implications of pension fund withdrawals on capital markets.
3min read
Why was this pension fund principal officer paid seven times the industry average?
Former MEPF PO Margaret le Grange’s pay saw a compounded annual growth rate of 17.04% in her salary, despite assets growing at a rate of just 7.44%.
3min read