two-bucket system Archives

17 Feb 2023

Old Mutual warns of potential delay in two-pot system

By Staff Writer

The pension fund industry could miss the 1 March 2024 deadline to implement the new two-pot pension fund system, according to Old Mutual.

18 Mar 2022

Two-pot system impact to be felt in the long term

By Staff Writer

National Treasury proposed to give limited access to retirement fund savings before retirement via the two-pot system.

22 Feb 2022

Two-pot system not a silver bullet for emergency savings

By Staff Writer

If the two-pot system is implemented properly, it will provide a feasible and accountable solution to address the immediate needs of many retirement fund members.

12 Oct 2021

‘Two-bucket system’ could triple future pensions, actuarial model shows

By Staff Writer

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.