With the new system officially coming into effect on 1 September 2024, retirement fund administrators in particular only have a few months left to organise their affairs, particularly regarding pending legal matters, if they want to pay out their clients’ withdrawal claims promptly post 1 September.”

The prospect of unchanged interest rates, with the Reserve Bank likely to maintain the repo rate at 8.25%, brings no respite from the mounting pressures on people's pockets. In these challenging times, it's crucial to carefully assess every expense to avoid cutting essential items like life cover and retirement savings.

Felicia Hlophe, legal adviser at Allan Gray, explains the possible consequences of a divorce for members of occupational retirement funds, such as the Allan Gray Umbrella Fund, and their non-member spouses, and sets out the applicable legislation and case law that govern divorce claims

A business succession plan ensures a smooth transition when you exit your company. This article covers the importance of starting early, key considerations for planning, and the benefits of professional assistance.

This analysis, gleaned from insights shared during the Equilibrium Quarterly Bulletin webinar, offers a nuanced exploration of the intricate interplay between electoral dynamics and economic projections in South Africa.

While the catalyst for allowing early access to one’s retirement savings was the economic hardship caused by the Covid-era lockdowns, utilising this option will be costly. It should ideally be reserved for periods of genuine financial hardship. Pieter Koekemoer, the Head of Personal Investments at Coronation unpacks the upcoming two-pot retirement system set to take effect in South Africa this September 2024.