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
EFF speaks out on employers defaulting on pension payments
EFF Member of Parliament Sinawo Thambo says it is distressing that it took the introduction of the two-pot system for the Pension Fund Adjudicator to raise the alarm about the pension funds of workers. Muvhango Lukhaimane indicated that
Two-pot system will expose employers who defaulted on contributions
The Pension Fund Adjudicator (PFA), Muvhango Lukhaimane says that the introduction of the two-pot retirement system will expose the extent of employers failure to pay their employees contributions to pension fund schemes. The system, whi
Beneficiary trusts empower leaders of tomorrow
Pension funds play an important role in securing the futures of minor beneficiaries of members who die prematurely. This is the view of Danie Hattingh, principal officer of the Building Industry Bargaining Councils (BIBCs) Pension and Pr
Numsa highlights major issues in Free State private security sector
The National Union of Metal Workers of South Africa (NUMSA) in the Free State says the late payment of salaries, failure to make third-party contributions, and denying maternity leave remain huge challenges in the private security sector .
Free State Numsa decries vast challenges in private security sector
The National Union of Metal Workers of South Africa (Numsa) in the Free State says late payment of salaries, non-payment of third-party contributions and denial of maternity leave remain huge challenges in the private security sector. Th
The practical implications of the two-pot retirement system
Although the implementation date of the two-pot retirement system is merely a month away, many pension fund members and employers are still not sure about the practical implications. This has prompted the Building Industry Bargaining Cou
Automation could smooth the transition to SA's two-pot retirement system
On September 1, South Africas retirement savings landscape is set to undergo one of its biggest shake-ups since the dawn of democracy 30 years ago. On that day, the two-pot retirement system will come into effect. Retirement product providers can
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,