Short-term reductions in pension fund contributions and retrenchments due to the economic fallout from Covid-19 are some of the biggest challenges facing SA's pension fund and asset management industry.

Alexander Forbes, one of the largest pension fund administrators in SA with more than 895,000 active members under administration and SA's largest multi-manager with more than R350bn in assets under management, said there had been a R3bn drop in contributions from active members of retirement funds in its stable, mainly from contribution holidays and retrenchments...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now