Trade union pension funds sit with billions of rands in unclaimed benefits

2019-11-27 21:13

R19bn is owed to beneficiaries in the metal industry.

Capitec shares can be sold to settle state capture losses, court rules

2019-11-05 17:54

The high court has ruled that Capitec must give consent for entities linked to Regiments to sell their Capitec shares to pay back a Transnet pension fund for losses it sustained due to state capture.

Prescribed asset requirements and what it could mean for your hard-earned pension fund

2019-08-14 15:18

The total value of pension funds in SA is over R4 trillion and a new government policy around prescribed assets could unlock this pot of gold for the government to use for investments.

Molefe under 'more pressure than before' after failed appeal bid

2018-04-17 13:05

Embattled former Eskom CEO Brian Molefe faces a new challenge after the High Court rejected his application to appeal a decision forcing him to pay back part of his R30m pension windfall

EXCLUSIVE: Brown says she never saw Molefe's pension letter

2017-11-15 19:12

Public Enterprises Minister Lynne Brown has in court documents denied receiving a letter written in November 2015 that set out former Eskom boss Brian Molefe's highly controversial pension package.

US declines to No. 17 in global retirement security ranking

2017-07-19 10:40

Retirement security in the US has taken a significant hit in a global ranking, falling three notches to No. 17 among 43 developed countries.

Investment in tertiary education 'not a smart move' - pensioners

2016-11-18 16:47

The monitoring group that oversees the Government Employees Pension Fund (GEPF) is up in arms over a proposal that the Fund invest in so-called education bonds.

We were kicked out like dogs, says rail pensioner

Elders from the Eastern Cape have been sitting tight in a Cape Town church for over a month. They are waiting for government to help them obtain pension funds.

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Deslin Naidoo: Re-defining active fund management

2016-05-23 20:07

It is not so much a question of active or passive fund mangement as broadening the definitions of active to make it more effective at an earlier stage, says an adviser.

Gordhan moves to calm workers over new pension laws

2016-01-14 12:38

Controversial new pension laws only apply to money saved from 1 April this year, says Finance Minister Pravin Gordhan.


'Disturbing' failure by employers to pay pension fund contributions - report

2019-11-10 19:45

The bulk of a record number of complaints received by the Office of the Pension Fund Adjudicator relates to a failure by employers to comply contribution requirements.

Molefe must pay back R10m, Eskom pension fund confirms

2019-08-16 20:25

The Eskom Pension and Provident Fund has told Fin24 that it directed its attorneys to act in line with the ruling of the North Gauteng High Court, confirming that Molefe has less than a week to pay up.

Everything is A-ok at SA government's largest pension fund, says head

2019-04-25 13:59

The head of South Africa's largest state pension fund, Abel Sithole, has said the fund remains financially sound and employers would not need to increase contributions, despite concerns raised by Alexander Forbes Financial Services in a valuation.

DA's proposed law to strengthen PIC transparency to be tabled in parliament

2018-01-17 17:32

A new Bill that wants to give greater power to the National Assembly to appoint the chair of the Public Investment Corporation (PIC) will be tabled in parliament soon.

Pensioners stand to lose hard-earned money if PIC funds SAA - DA

2017-08-04 21:00

Government can expect a huge pushback from members and pensioners of the Government Employees Pension Fund (GEPF) if their money were to be used for an SAA bailout, says the DA.

Retirement Guide: Part 5

2016-11-23 11:55

Jeanette Marais, director of distribution and client service at Allan Gray, answers questions about retirement annuities in Part 5 of our Retirement Guide.

Retirement Guide: Part 2

2016-11-16 15:14

In the process of changing jobs and need to move your money out of your company's pension fund? Considering cashing it out? Read the expert advice in Part 2 of our Retirement Guide.

Zuma signs law to appease provident fund members

2016-05-24 10:26

President Jacob Zuma has signed the Revenue Laws Amendment Act into law to postpone annuitisation for provident funds, the National Treasury has announced.

New tax laws open doors

2016-02-03 09:30

The new South African tax legislation has left many locals concerned. Has the outcry been a storm in a teacup? Schalk Louw, portfolio manager at PSG, weighs in.

The PIC and your pension: Profit or politics?

2015-12-04 06:00

The PIC, which manages nearly R2tr in pension fund money, often gets criticised for its dealings. finweek puts the investment manager under the microscope.

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