With a recent stroke from his presidential pen, Cyril Ramaphosa has signed the Two-Pot Retirement System into law. While it doesn’t mean all the necessary legislation is in place yet, it’s set an important part of the legal process in motion.
As that process is being finalised, your retirement fund administrator needs to get a number of things in place to ensure your fund is ready for 1 September 2024, when Two-Pot is set to take effect.
In this video, Old Mutual’s Retirement Reform Executive, Michelle Acton, breaks down the four big changes retirement fund administrators need to make to ensure it’s ready. These changes include getting administrative systems and their capabilities ready, as well as performing the seeding calculations required.
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