B2B Central

Retirement

12 Feb 2020

'Oppose pension capture!'

By Janice Roberts

Trade union Solidarity has started a legal process to stop what it calls "the capture" of public servants’ pensions. In a letter to the Government Employees Pension Fund (GEPF) as well as the Public Investment Corporation (PIC), Solidarity’s legal team has demanded that the Trustees and the Board of these institutions should not accept the controversial plan to finance Eskom from the GEPF.

05 Feb 2020

What happens to your retirement fund benefits when you die?

By Janice Roberts

The first few months after losing a loved one can be traumatic. To lessen the impact of this stress, it’s important that you and your family understand the complex process behind retirement fund claims should you die before retirement, says Allan Gray’s Sonja Smit.
05 Feb 2020

Tax free savings account or retirement annuity?

By Janice Roberts

The TFSA was introduced by the National Treasury to encourage South Africans to save
01 Feb 2020

Updated financial planning handbooks released

By Janice Roberts

Keeping up to date with legislative and case law changes in the highly regulated financial services industry can be challenging.Professionals need to make effective financial decisions, with a myriad of implications, while ensuring regulatory compliance and keeping current.

31 Jan 2020

Make the next steps before retirement count

By Janice Roberts

For many people, the “Empty Nester” stage of life means reconnecting as a couple, reassessing personal goals, and toying with the thought of downscaling. You may even start working on that bucket list of adventures you’ve been saving for. At 62, Patrick and his wife have come full circle. Their son is financially independent and...
29 Jan 2020

How pension funds are distributed after a death

By Janice Roberts

Most complaints received by the Pension Funds Adjudicator involves Section 37C of the Pension Funds Act, which describes how death benefits should be distributed by the trustees of a pension fund when a member passes on.

27 Jan 2020

Husband fails in second attempt to claim wife's death benefit

By Janice Roberts

For the second time in a year, a Durban man has failed in his attempts to lay his hands on a benefit of almost R4-million following his wife’s death. This is according to Pension Funds Adjudicator Muvhango Lukhaimane.

16 Jan 2020

How to ensure your retirement plan succeeds in volatile markets

By Janice Roberts

By Lourens Coetzee, Investment Professional at Marriott. The last five years have been particularly disappointing for investors due to below average market returns. As such, many savers are becoming increasingly concerned about not having enough capital to sustain their lifestyles when they retire.  This is a valid concern as most retirement plans are held together...
10 Jan 2020

Retirement annuities and their advantages explained

By Janice Roberts

By Gerard Visser, Financial Planning Consultant at Alexander Forbes. There are a number of ways to save and a retirement annuity fund, is one of the potential investment tools which offer a tax efficient way to save towards retirement. You can invest lump sums or make regular contributions into your own investment portfolios within a...
06 Jan 2020

Help retirement fund members to make the right choices at retirement

By Janice Roberts

Financial advisers should consider partnering with a forward-thinking umbrella retirement fund
18 Dec 2019

Facing the facts around retrenchment

By Janice Roberts

By Carrie Furman, assistant tax manager, Allan Gray. With the latest GDP growth figures showing that the economy contracted 0.6% in the third quarter, SAA heading into business rescue, and the problems at Eskom persisting, it looks like we are in for a difficult year ahead. This suggests that the prospect of retrenchment is a...
12 Dec 2019

New deputy pension funds adjudicator appointed

By Janice Roberts

The Office of the Pension Funds Adjudicator has a deputy adjudicator to support the PFA, Muvhango Lukhaimane, to execute her mandate to make binding and final determinations in pension fund complaints submitted to it. Advocate Matome Thulare has been appointed as the Deputy Pension Funds Adjudicator for a period of three years, effective from 1...