Picture: 123RF/FLYNT
Picture: 123RF/FLYNT

The National Treasury has proposed a two-pot system for withdrawals from pension funds, with up to one-third being accessible before retirement.

The consideration comes as Sanlam warns that the economic effect of the pandemic poses a threat to retirement savings.

Alishia Seckam spoke to Avishal Seeth, head of Sanlam Umbrella Solutions, for more insight.

Sanlam Umbrella Solutions head Avishal Seeth talks to Business Day TV about the pandemic posing a threat to retirement savings

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