Saturday Star

Retirement industry ‘needs to get working’ on two-pot system

The pension fund industry could miss the proposed March 1 2024 deadline to be ready to implement the new two-pot pension fund system should the reforms not be finalised in the first half of 2023, according to commentators at Old Mutual.

Retirement reform executive at Old Mutual, Michelle Acton, says the industry is hopeful that updated draft regulations would be released with the National Budget Speech next week on February 22.

The 2022 Draft Revenue Laws Amendment Bill,

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