Provident Fund News Updates

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

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
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10 Jun 2024

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
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03 Jun 2024

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
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01 Jun 2024

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
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29 May 2024

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
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29 May 2024

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
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24 May 2024

With 100 days to launch of Two-Pot Retirement System financial advisers urged to highlight risks to over-55s

Keith PeterWITH May 24 marking 100 days until the introduction of the Two-Pot Retirement System on September 1, 2024, financial advisers are gearing up for significant changes to retirement savings. However, the new system, which all
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23 May 2024

Sea Harvest sunken vessel: What we know so far about the 11 missing seamen and why the search was called off

The Minister of Forestry, Fisheries and the Environment Barbara Creecy said they have not had a disaster of this magnitude in recent years, referring to the 11 seamen presumed drowned after their boat sank off Hout Bay on May 17.Addressing
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23 May 2024

100 days before launch of two-pot retirement system: risks for over 55s

With almost 100 days before the launch of the two-pot retirement system, financial advisers are urged to highlight the risks of withdrawing their funds for people older than 55 However, Keith Peter, advice manager at Old Mutual Personal
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22 May 2024

Plan your retirement early: 94% of South Africans will not be able to retire comfortably

Many young South Africans avoid the conversation of retirement, some even characterised it as boring.This can be attested by the Liberty retirement planning survey conducted in April 2022, which found that many South Africans only started t
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18 May 2024