Pension fund values can experience declines due to various factors, impacting the financial well-being of retirees and future pensioners. Economic downturns, such as recessions or financial crises, can significantly affect the performance of pension funds. During...
A green paper has just been published by the Department of Social Development which proposes to force all South Africans to pay 12% of earnings into a state managed fund. The new National Social Security Fund will aim to enlarge the country’s social safety...
When you retire one day you have two basic options when choosing a pension. You either hand over your retirement fund to a product provider and let them provide a pension for you for the rest of your life or you can choose to manage your own fund through your...
In what is known as the “Clean Break Principle” recent regulations entitle divorced spouses to claim from the pension fund of the ex before retirement. These rules apply to government pension funds as well which have left members with interest bearing debts which have...
South African change jobs on average 7 times in the working phase of their lives and 95 percent end up without sufficient funds when they retire. The main reason is that they cash in their pension funds instead of preserving them every time they move jobs. Every time...