![](https://www.moonstone.co.za/wp-content/uploads/hand-rands.jpg)
Members can expect payment delays when making withdrawals from the savings pot
The allocations to the savings component can happen only from 1 September onwards, says Old Mutual.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreThe allocations to the savings component can happen only from 1 September onwards, says Old Mutual.
Delaying the implementation date and raising the seeding cap are among the announcements and clarifications.
Retirement industry bodies plead for a later implementation date, but Cosatu says 1 March next year is a ‘red line’.
There is still considerable uncertainty regarding what must to be implemented by the retirement industry.