News Formal

The evolution of the savings and retirement industry

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Let’s unpack some of the key changes that have taken place in the savings and retirement industry over the last few years. Moneyweb Savings Retirement

The savings and retirement industry has had many positive changes over the years that have led to better retirement outcomes for South Africans. Over time, PPS has been able to adapt its offering to incorporate the changes. Let’s unpack some of the key changes that have taken place in the industry over the last few years. Clean pricing: The industry moved from ‘all in priced’ funds to transparent clean priced collective investments.

The two pot system is looking to introduce a system where two thirds of contributions will go to the retirement pot and one third will go to the savings pot. The retirement pot cannot be touched until retirement – even if you lose or change jobs – and must be annuitised at retirement. A member can withdraw from the savings pot every 12 months, provided they have a minimum of R2000 in savings.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hamilton Ratshefola, IT industry stalwart, has died - TechCentralHamilton Ratshefola, a leading figure in South Africa’s IT industry, has passed away.
Source: TechCentral - 🏆 8. / 71 Read more »

Ghana's Fishing Industry Has a 'Golden Seaweed' Problem - How Citizen Science Can HelpAnalysis - Sargassum is a genus of brown seaweed. Over 300 species are distributed across the world in both temperate and tropical climates. The species fluitans and natans are unique because they spend their life cycle floating on the ocean, never attaching to the sea floor. Other seaweed species reproduce and begin life on the ocean floor .
Source: allafrica - 🏆 1. / 99 Read more »

Africa: Major Study Turns Spotlight On Formula Milk IndustryThe scientific evidence that exclusive breastfeeding is best for infants is very strong. Yet, some baby milk formula companies continue to use questionable methods to create demand for their products, thereby undermining breastfeeding.
Source: allafrica - 🏆 1. / 99 Read more »