Treasury has indicated it intends to explore ways of bringing the 6m workers who are not members of retirement funds into the net Treasury has indicated it intends to explore ways of bringing the 6m workers who are not members of retirement funds into the net.The 2014 budget update on retirement reform proposes to introduce mandation. The great advantage of a mandatory system is that companies and individuals do not have to be persuaded to join pension funds. It will no longer be necessary to employ expensive commission-driven salesmen, which make up a significant part of costs, particularly for retail products such as retirement annuities.Mike Prinsloo, head of best practice at Alexander Forbes, says there are challenges to bringing many workers into the retirement fund net, as they often have variable, seasonable earnings, while the SA Revenue Service is set up to expect monthly contributions.Rowan Burger, head of Momentum's retirement fund research, says it makes no sense for wor...
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