Regulator takes a hard line on retirement funds costs
Authorities will crack the whip over funds that have significantly higher costs than the industry average, which are eating into savings
12 September 2019 - 13:36
The country’s top financial services watchdog says it is going to crack the whip to ensure pension funds accelerate efforts to drive down costs that eat into people’s retirement savings.
Speaking at the Financial Sector Conduct Authority’s (FSCA) retirement industry conference on Thursday, the regulator’s divisional executive of retirement funds supervision Olano Makhubela said they will soon be looking at retirement funds statements to see how their average costs compare against the industry average...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.