The ONE Minute Brief – 20 February 2017
The GTC ONE Minute Brief covers the following topics: Economic and Political News Major South Africa Corporate News Major Global Economic News Technical Snapshot Download the full GTC ONE Minute Brief.
Revised retirement regulations should provide improved outcomes for retirees
The National Treasury has moved closer to its goal of ensuring that South Africans can retire more comfortably following the release of its revised default regulations for the pension industry. This is the opinion of Jill Larkan, Corporate Liaison Executive at financial advisory business GTC. “These revised regulations follow extensive consultation with the retirement industry after the first draft of default regulations from National Treasury were published in 2015,” says Larkan. “The Treasury has clearly taken the concerns and input from the industry on board and the latest revisions are generally much less restrictive on the providers of retirement benefits, while still protecting fund members.” The aim of the regulations is to lower charges and improve market conduct in the retirement fund industry, to ultimately enhance retirement values by limiting costs and allowing more South Africans to retire comfortably. “The... Read More