Tag: Retirement Fund Reform
National Treasury sheds light on its thinking around retirement reform
In a recent conference, National Treasury Acting DG Ismail Momoniat explained National Treasury’s views on the two-pot retirement system, governance of umbrella funds and changes to Regulation 28. Ismail Momoniat, Acting Director-General at National Treasury (NT), addressed the recent Pension Lawyers Association Virtual Conference in May 2022 with an update on retirement reform developments.
South Africa’s current retirement conundrum
In the weeks prior to the Medium-Term Budget Policy Statement (MTBSP), South Africans await more clarity from National Treasury on their proposal for limited pre-retirement withdrawals and the logistics required to make this happen.
Retirement fund reform implementation
The next significant step in Government’s reformation of the retirement fund industry has been taken and has seen the implementation of the final retirement...
