Actuarial modelling by the Retirement Matters Committee of the Actuarial Society of South Africa (ASSA) suggests that National Treasury’s ‘two-bucket’ proposal is likely to result in significantly higher monthly retirement income for pensioners by allowing future retirement savings to benefit from the power of compounding.
We are excited to announce that Liberty Corporate was awarded the PMR.africa Golden Arrow Award in the Pension Fund Administrators and Product Providers: Insurers category on 15 September 2021.This award is based on the feedback from 200 participants in the retirement fund industry. Telephonic interviews were conducted with 200 randomly selected principal officers, chairmen, trustees and senior managers representing retirement funds of listed and large companies.
Financial services provider Old Mutual has been given a severe dressing down by the Pension Funds Adjudicator for conduct unbecoming of what customers expect to experience from financial institutions entrusted with their retirement savings.
Mercer’s latest Asset Allocation Insights 2021 report showed that most investors stayed the course with their asset allocation, even amid heightened volatility and uncertainty over the last year. For international investors, foreign equities now represent 51% of aggregate equity allocations, the first survey in which exposure outside of investors’ home markets tipped over the midpoint.
At today's media briefing, the National Treasury said that it is in discussions with the National Economic Development and Labour Council (NEDLAC) on a proposal for limited withdrawals from retirement funds, for those losing part of their income during the Covid-19 pandemic.
Investment infrastructure is discussed broadly in the pension fund industry. But how can you check for your fund’s readiness to invest in infrastructure? Is this form of investment suitable for your fund? Malizole Mdlekeza, Pensions & Investments Actuary, Managing Director of MDM Actuaries and Chairman of the Actuarial Society of South Africa’s Alternative Investments Forum, walks you through a high-level decision-making process.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za