Massive interest in two-pot withdrawals puts administrators to the test
As the two-pot system rolls out, fund administrators are receiving a wave of withdrawal claims, highlighting the financial squeeze many are feeling.
As the two-pot system rolls out, fund administrators are receiving a wave of withdrawal claims, highlighting the financial squeeze many are feeling.
The type of fund to which a member belongs may improve or undermine the preservation of retirement fund assets, says Allan Gray.
Actuarial calculations may affect the costs and time for defined-benefit fund withdrawals, depending on the rules of the fund and the complexity involved.
How accessibility and seeding will impact members of defined-benefit retirement funds.
Money in the savings pot should be withdrawn only as a last resort, for absolute financial emergencies.
It’s also hoping for concessions on access to the retirement pot when members are retrenched or dismissed.
A guide to the features of the three components: savings, retirement, and vested.
“Unless debarment procedures are fair, reasonable and lawful, decisions taken to debar persons can be, and will be, overturned on technical grounds following an application to the Tribunal to reconsider any such decision”, […]