Retirement Fund Reform A Discussion Paper
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MEDIA STATEMENT RELEASE OF TWO RETIREMENT REFORM ...
www.treasury.gov.zaRELEASE OF TWO RETIREMENT REFORM DISCUSSION PAPERS FOR ... The proposal currently being considered through the paper released for public consultation ... Unless these employees self-enrol in a retirement annuity fund, they are left with no provision for retirement. The Annexure to the paper introduces a brief overview on what
POST-RETIREMENT MEDICAL SCHEME (“PRMS”) …
www.treasury.gov.zaFunding through the retirement fund is not currently ideal, particularly due to the legal requirement of minimum withdrawal benefits. The discussion papers on Retirement Fund Reform, issued by National Treasury, seems to want to address this by allowing employers the use of the Employer Surplus Account to fund their PRMS obligations.
Treating Customers Fairly in the financial Sector: A ...
www.treasury.gov.zaDISCUSSION DOCUMENT 2 ... spreading requirements for the retirement fund sector to improve protection of retirement investments,3 and various papers published in support of the broader retirement reform agenda. The Financial Services Board (FSB) is implementing its Treating Customers Fairly (TCF) approach to ...
Retirement Fund Reform A Discussion Paper
www.treasury.gov.zaRETIREMENT FUND REFORM a discussion paper December 2004 . 2 CONTENTS Page Principles of Retirement Reform Objectives of Retirement Funding Policy 4 Modernisation and Reform – the South African retirement funding landscape 5 Access, Compulsion and Preservation 5 ...
Encouraging South African households to save more for ...
www.treasury.gov.zadiscussion paper makes proposals on the design structure of a two-pot system for retirement savings, which would restructure retirement savings to allow for limited pre-retirement withdrawal and introduce Government’s longstanding …