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  • Independent on Saturday

    What the retirement fund reforms mean for you

    Mar 06, 2021 3 minutes
    MARTIN HESSE
    Bloomberg

    LAST week’s Budget speech by the Minister of Finance, Tito Mboweni, highlighted two issues concerning retirement funds that warrant exploration: changes to regulation 28 of the Pension Funds Act to allow for increased investment in national infrastructure projects, and the introduction of auto-enrolment for all employed workers.

    REGULATION 28

    The Pension Funds Act guarantees a high degree of protection for your savings in a retirement fund – far higher than in any other type of investment. It stipulates that your savings must be managed

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