Retirement fund defaults compete for your savings
Advisers worried about RAs, preservation funds and fees
11 June 2019 - 05:10
Regulations oblige all retirement fund trustees to choose investments that are appropriate for the members, reasonably priced and competitive.
New regulations under the Pension Funds Act are forcing retirement fund trustees to choose more cost-effective investments and annuities as their defaults, a workshop with some of the country’s larger umbrella funds has revealed.
And their default investment and pension options have some independent financial advisers worried about the competition...
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.