Provident Fund News Updates
Latest Provident Fund news headlines.
Find List of Provident Fund Trends 2024 from various News Websites / Blog / Articles
Find List of Provident Fund Trends 2024 from various News Websites / Blog / Articles
Research shows South African value saving but cant afford to do it
While South Africans have faced enormous financial pressures in the last few years, research suggests they still want to save a portion of their earnings for a rainy day. Nedbank released its Segment Tracker research in July, which highl
More than 2 000 security firms defaulting on pension contributions
The Financial Sector Conduct Authority (FSCA) has revealed that over 2 000 security firms in South Africa are defaulting on pension contributions. Workers in the security sector have held several protest marches, in a bid to compel their
How the two-pot system brightens the future for SA's young workers
By addressing both the urgent need for financial liquidity and the essential goal of preserving retirement savings, the two-pot system is poised to guarantee a brighter future for employed South African youth. According to Old Mutual's analysis,
Pension plain: The confusing tale of the five pots
By Brett Ladouce The lives of provident fund members will look a lot different on September 2, 2024 than it was on February 28, 2021. The reason for this is that two significant changes to legislation would have been implemented that cha
Truck drivers accuse company of owing salaries
More than 50 truck drivers employed by a logistics company in Ermelo, Mpumalanga, accuse their employer of owing them salaries for several months. The drivers also claim their salaries were cut from R17,000 to R2,000 per month. The compa
Massive step forward for Two-pot system as Ramaphosa signs the revenue laws amendment bill
Old Mutual welcomes the recent signing of the Revenue Laws Amendment Bill by the President, a significant step forward for retirement savings in South Africa. The Bill paves the way for the implementation of the Two-Pot Retirement System on Septe
Green light for emergency funds: Ramaphosa signs two-pot retirement system into law
President Cyril Ramaphosa has signed into law the Revenue Laws Amendment Bill of 2023 which introduces the two-pot retirement system from 1 September 2024. The primary objective of the two-pot retirement system is to provide flexibility
Dispelling 6 misperceptions of Two-pot retirement systmem
South Africa is poised to embrace the Two-Pot Retirement System, the most extensive changes in retirement legislation since the annuitisation of provident funds in 2017 known as T-Day, according to Blessing Utete, Managing Executive of Old Mutual
What you need to know about the two-pot retirement system
By: Lana Visser-GalantRetirement fund administrators will soon be implementing the two-pot system for pension funds, provident funds and retirement annuities, but many are cautioning about the potential impact this could have on members. Th
Misconceptions about the two-pot retirement system: What you need to know
There has been a lot of interest in the two-pot retirement system that will be implemented in September and a lot of misconceptions as well. The Two-Pot Retirement System will bring the most extensive changes in retirement legislation si