Pension Fund News Updates

Latest Pension Fund news headlines.
Find List of Pension Fund Trends 2024 from various News Websites / Blog / Articles
 

SA's new two-pot system: How it affects your retirement savings

Last month, President Cyril Ramaphosa signed a significant legislative change into effect with the passing of the Revenue Laws Amendment Bill of 2023. This new law introduces whats been dubbed as a two-pot system for retirement funds, se
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25 Jul 2024

Amid tensions with China, some US states are purging Chinese companies from their investments

As state treasurer, Vivek Malek pushed Missouri's main retirement system to pull its investments from Chinese companies, making Missouri among the first nationally to do so. Now Malek is touting the Chinese divestment as he seeks reelection in an
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25 Jul 2024

Bleak Economy Worsens Workers' Plight, Forces Withdrawal From Voluntary Pension Contributions

The present economic situ­ation is no more a news as families and individuals are struggling with how to meet their financial needs, the situation that has forced no fewer than 51,539 workers to withdraw N44.952billion from voluntary con­tributions i
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25 Jul 2024

Cheating husband with child outside marriage gets half of wife's R1.6 million pension fund

A cheating husband who had a child outside his marriage will be getting half of his estranged wifes pension fund in a divorce settlement. The couple, who were married in community of property, initially argued their divorce settlement in
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25 Jul 2024

Two-pot retirement system: 48% of South Africans want to withdraw

On 1 September, 48% of South Africans who are members of pension funds want to withdraw funds under the new two-pot retirement system. The system was designed to preserve their retirement savings and not to give members early access to s
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23 Jul 2024

The good, the bad and the confusing: understanding the two-pot system

The divisive two-pot system has been signed into law by President Cyril Ramaphosa. The Pension Funds Amendment Bills two-pot system allows members to access their retirement funds more flexibility before early resignation or retirement.
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23 Jul 2024

Be the boss who treats colleagues the way you want to be treated

Want the best out of the people you're tasked to supervise? Then lay off, don't micromanage and give them the trust and space to become leaders in their own right. You'll be amazed by the results, writes Gasant Abarder in a new #SliceofGasant col
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23 Jul 2024

Two-pot retirement: Substantial work still needs to be done before 1 September

Although the president signed the Pension Funds Amendment Bill into law on the weekend to remove another legislative barrier to the implementation of the two-pot retirement system in just over six weeks, a substantial amount of work still needs t
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22 Jul 2024

Expert cautions against withdrawing retirement funds prematurely

Financial expert Prem Govender has advised South Africans against the premature withdrawal of their retirement funds. She was reacting to the Pension Fund Amendment Bill that was signed into law by President Cyril Ramaphosa this month.
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22 Jul 2024

PFA assures RSA holders of better returns on investment

Pension Fund Administrator (PFA) has expressed its commitment to protecting the retirement savings account (RSA) holder's funds and returns on investment in the industry. The post PFA assures RSA holders of better returns on investment
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22 Jul 2024