The biggest change in retirement saving in South Africa happened in 2024 with the introduction of the two-pot retirement system that came into effect on 1 September, giving pension fund members access ...

The two-pot retirement system, introduced on September 1, 2024, has now been in effect for over a year, yet confusion around its rules continues to generate complaints, this is according to the Office ...

Nearly four million pension fund withdrawals totalling close to R57 billion have been made under South Africa’s two-pot retirement system since its introduction on 1 September 2024, with the South ...

South African President Cyril Ramaphosa signed a new bill into law on Sunday amending the pension system in South Africa. The Pension Funds Amendment Bill enables the implementation of the new two-pot ...

South Africa’s two-pot retirement system is showing early signs of a potentially concerning pattern, with financial services ...

The Actuarial Society says 75% of applications received in the current tax year (March and April 2025) were repeat claims.

Taxpayers have deliberately understated their taxable income, and the SARS commissioner did not mince words when addressing this issue.

Preliminary numbers are still trickling in, but alarms have already sounded from at least three of the larger retirement fund administrators – Old Mutual, Alexforbes and Momentum – regarding the ...

JSE-listed financial services group Alexforbes recently announced that it has processed and paid more than one million savings pot withdrawal claims since 2024, when the two-pot retirement system was ...

JOHANNESBURG - Retirement fund administrator Alexander Forbes said it had seen an outflow of more than R1 billion since the two-pot retirement system kicked in over a week ago. This means it has ...