WATCH | Making the two-pot retirement system work for you

The two-pot retirement system is a reform that will come into effect on September 1 2024, allowing retirement fund members to make partial withdrawals from their retirement funds before retirement.

While this may help consumers tackle short-term financial distress, there are numerous long-term consequences that should be considered:

• What does retirement fund preservation look like over the next 20 years?
• What are the expected volumes of claims?
• And how does the legislation ensure financial stability for consumers?

A panel of experts discussed these issues during a recent Business Day Dialogue, hosted in partnership with Old Mutual — watch the recording above.

Moderated by Iman Rappetti, the panel included:

• Prabashini Moodley, MD, Old Mutual Corporate;
• Michelle Acton, chief customer officer: corporate employee benefit solutions, Old Mutual;
• Tiaan Herselman, head of proposition, Old Mutual Wealth; and
• Jan Mahlangu, head of Retirement Funds and Financial Sector, Congress of South African Trade Unions.
  

This article was sponsored by Old Mutual.