Archives of #Pension funds

Do not take monies that are meant for your older self…

Do not take monies that are meant for your older self… -Letlhogonolo Lesiba (Director, Cornerstone Employee Benefits) It’s a sad reality that too many individuals still fall into the trap of cashing out their pension funds early and sometimes losing hundreds of thousands in the process – not to mention the compound interest that they […]

The evolution of retirement funds in SA and what to expect in the future

The evolution of retirement funds in SA and what to expect in the future -Letlhogonolo Lesiba (Director Cornerstone Employee Benefits) The recent implementation of the retirement fund default regulation has sparked a lot of interest among the public around retirement funds, particularly the history behind the rules and regulations that govern the management of these […]

Leaving funds to minors: what you need to know

Leaving funds to minors: what you need to know -Letlhogonolo Lesiba (Director Cornerstone Employee Benefits) South African legislation states that any child below the age of 18 is not allowed to inherit lump sum pay-outs or other assets directly. The reasoning behind this is straight forward; minor children do not have the legal capacity or […]

Pension fund default regulations, your 3-step guide

Pension fund default regulations, your 3-step guide -Letlhogonolo Lesiba (Director Cornerstone Employee Benefits) In a few days, the revised default regulations in terms of Section 37, 38 and 39 of the Pension Funds Act will be fully enforceable. Most retirement fund administrators and providers have been working tirelessly to ensure that they are fully compliant with […]
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