“Treasury wants you to retire better by default” by Laura du Preez
Proposals aimed at nudging you to do the right thing and preserve your retirement savings if you leave your job and helping you to convert your savings to a pension at retirement, were released by National Treasury this week. The far-reaching proposals, contained in draft regulations under the Pension Funds Act, won’t remove your right to take your retirement savings in cash from an employer-sponsored fund if you leave your job, but will force you to think twice about doing so. This is because your fund will be obliged to […]
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