Members of retirement funds, who are affected by either the Covid-19 lockdown and/or the corruption which has undermined economic growth in South Africa, are entitled to retirement benefit counselling in a better understanding of retirement fund options available.
Retirement fund counselling takes various forms and is provided for free.
The aim of counselling is to provide factual information to help members understand their options relating to retirement funds. Advice aims to help members make decisions based on their personal circumstances. Advice is usually provided for a fee. Counselling is provided for in the Default Regulations for retirement funds to ensure members understand their fund benefits and options available to them.