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Four challenges for the South African retirement fund industry
The story goes that an economics professor was once asked by his students what might come up in the forthcoming examination. He replied: “The questions are always the same. It is merely the answers...
View ArticleThe real effect of Dividend Withholding Tax
The new Dividend Withholding Tax (DWT) replaced Secondary Tax on Companies (STC) on 1 April 2012. Investors are understandably concerned about the long-term impact of this tax and the real effect on...
View ArticleImplementing King III in a retirement fund
Retirement funds are legal entities where the stakes are high. In order to ensure that all stakeholders’ interests are attended to and that no misconduct can occur, retirement funds should adhere to...
View ArticleANC’s plan for pensions could be a win-win
The ANC’s plan to tap retirement funds to finance state enterprises and development finance instruments to aid the long-term funding of its R3,2-trillion infrastructure initiatives, has been met with...
View ArticleIs Governments’ latest proposal on retirement reform not missing the point?
National Treasury’s latest discussion document on retirement reform, signals a possible shift in Government’s priorities. In 2006, retirement reform announced by former Finance Minister Trevor Manuel...
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South Africans face retirement crisis
South Africans are facing a very real retirement crisis – 60% of South African pensioners interviewed as part of Sanlam’s Benchmark Retirement Survey do not have enough to live on and this already...
View ArticleSouth Africa’s rapidly changing retirement fund industry
The retirement fund industry has moved beyond a philosophical dialogue on the impact of legislation. Instead, businesses are now making real decisions with legislation in mind. This is significantly...
View ArticleANC’s plan for pensions could be a win-win
The ANC’s plan to tap retirement funds to finance state enterprises and development finance instruments to aid the long-term funding of its R3,2-trillion infrastructure initiatives, has been met with...
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Beware of reckless conservatism
In a release distributed by the Association for Savings and Investment South Africa (ASISA) earlier this year, Leon Campher, ASISA CEO, noted that investors still hold the bulk of their money in...
View ArticleBeat the myth in order to retire well
Official inflation figures make a poor benchmark for retirement planning and could lead to an old age in financial distress. It’s a mistake to assume that if your investments keep pace with official...
View ArticleEmployers must do more – Sanlam Benchmark Survey
South Africa’s employers have a vital role to play in solving the country’s retirement savings shortfall. This is the conclusion drawn by Sanlam after analysing the results of its 2013 Sanlam BENCHMARK...
View ArticleFocusing on preparing for retirement
As the first month of 2013 came to a close, most people are breathed a sigh of relief as their January salaries are finally paid, and for most, their New Year resolutions are now long forgotten and in...
View ArticleThe role of legislation in retirement fund savings
Retirement fund savings are at critically low levels in many countries around the world, resulting recently in the UK government announcing plans to automatically enrol millions of people into...
View ArticleCosts and passive investing
How ready is the South African market – and is passive the only way to reduce costs and what effect will it have on returns? Globally, we are operating in a low-return environment where real returns...
View ArticlePFA wants probe into Causal Event Charges
The Financial Services Board will be requested to look into causal event charges, possibly necessitating legislative changes, says Pension Funds Adjudicator, Muvhango Lukhaimane. She was commenting in...
View ArticleLongevity risk and retirement
An extra decade in retirement means saving 50% more by age 65. A summary from a panel discussion at the 4th annual African Cup of Investment Management conference in Cape Town last year. “For each...
View ArticleExciting transformation in retirement fund industry
Members of the Principal Officers Association (POA) have voted overwhelmingly in favour of transformation at a Special General Meeting held in Sandton last week. The conversion of the POA into the...
View ArticleA relook at RAs
We all know how important it is to save towards a secure retirement, and for many investors the retirement annuity (RA) remains the savings vehicle of choice when doing so. It is therefore important...
View ArticleRetirement fund trustees receive governance training
In an industry that is undergoing significant regulatory changes and battling cases of corruption and poor administration, the spotlight has never shone so brightly on retirement funds. However,...
View ArticleRetirement income security
Glacier launched its latest innovative solution to the age-old question: How do I ensure my client’s retirement income is protected while still providing the benefits of market linked growth, balancing...
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