Tag: Pension Funds Act
What the proposed amendments to PFA mean for retirement savers
Earlier this year, the ANC’s Economic Transformation Committee published a proposal outlining changes to Regulation 28 of the Pension Funds Act. Regulation 28, which controls the extent to which retirement funds may invest in particular asset classes.
We are in the same storm, but not in the same...
We are living in unprecedented times and the COVID-19 pandemic is affecting everyone differently. The lockdown following the outbreak of the COVID-19 pandemic is resulting in significant financial strain. Many employers are unable to pay salaries or have been forced into a position where they can only pay reduced salaries.
Legal principles that distinguish a retirement fund from the employer
It may surprise many employers to realise that there are currently no legal obligations placed on employers to give an employee any retirement benefits, and very often the employee is left to make his own arrangements.
