The South African retirement savings industry is hard at work to be ready for the much anticipated two pot retirement system changes. This represents a fundamental change to the South African retirement landscape which will affect every client and employee saving for retirement, so it’s vital advisers are armed with the facts. National Treasury has recently proposed a 1 year delay of the implementation date of the regulations, heeding the strong concerns raised regarding the scale of the initiative and the time needed to prepare. With several important milestones in the regulatory process taking place in the coming weeks, it is more important than ever to get to grips with the latest developments in this fast-changing environment.
Join us this November as our host Georgina Smith discusses the latest two pot developments with our regulatory specialist, Jennifer Anderson.
The two will delve into the details of the changes and how they will impact new and existing clients, as well as what has changed from the original two pot proposal, and what may likely still change before the final regulation is approved.
It appears to be “full steam ahead” for the implementation of the much anticipated two pot retirement system. Despite strong concerns raised by the Retirement Fund industry regarding the proposed effective date of the regulations, it seems we must all prepare for the wide-scale changes to retirement savings rules to take place early next year.
This represents a fundamental change to the South African retirement landscape which will affect every client and employee saving for retirement, so it’s vital advisers are armed with the facts.
