The 2024 FNB Retirement Insights Survey offers a glimpse into the current state and evolving dynamics of pre- and post-retirement planning in South Africa. In its second year, the in-depth research reveals persistent challenges around retirement in South Africa and highlights emerging opportunities

Today, the President signed the Pension Funds Amendment Bill into law, following his signing of the Revenue Laws Amendment Bill last month on 1 June 2024. This means that all prerequisites for SA’s new Two-Pot retirement system to take effect from 1 September 2024 have successfully been concluded.

President Cyril Ramaphosa has signed the Pension Funds Amendment Bill, enabling the Two-Pot Retirement System, effective from 1 September 2024. Old Mutual Corporate supports this legislation, but emphasizes the need for patience and thorough readiness from retirement funds and administrators.

The top three finalists for the esteemed 2024 Financial Planner of the Year Award, presented by the Financial Planning Institute of Southern Africa (FPI), have been unveiled.

South Africans face economic challenges with inadequate emergency savings. Standard Bank data shows many clients lack sufficient savings, relying on debt instead. Building cash savings is crucial for financial stability and wealth creation.

SMMEs by their very nature tend to be agile but they are also incredibly vulnerable to the impact of business interruption. Anything from theft and fire to cybercrime or unrest can be fatal to an enterprise that is not prepared. Insurance cover is therefore imperative to ensure the sustainability of SMMEs