Imminent Default Regulations for the Pension Fund

The effective date for the implementation of the default regulations to the Pension Funds Act, 1 March 2019, is around the corner and retirement funds are scrambling to ensure that they will be compliant by that date (and those that aren’t, should be!).


02 Jan 2019

Retirement Funds Required to Implement Default Arrangements

The final version of the Default Regulations to the Pension Funds Act, 1956, was signed into law by the Minister of Finance on 25 August 2017 and came into effect on 1 September 2017. The media statement issued by National Treasury together with the regulations explained that the regulations are “meant to improve the outcomes for members of retirement funds by ensuring that they get good value for their savings and retire comfortably”.


03 Oct 2017

Taxation Laws Amendment: An Update

Following virulent opposition to the changes by the trade unions and increasingly widespread speculation regarding the implementation of the changes, the Ministry of Finance has now announced proposals for the delay of the annuitisation requirements for provident funds.


19 Feb 2016

Islamic Marriages and Retirement Funds

The Pension Funds Adjudicator recently determined that a retirement fund might potentially pay a share of a member's benefit to the member's former spouse on the dissolution of their Islamic marriage.


09 Sep 2015