Pension Fund Withdrawals

South Africa’s new two-pot retirement system is now officially operational, with administrators anticipating a significant influx of withdrawal requests from pension fund members. Dr. Manfred Zamuee, Chairperson of the Financial Institutions and Markets Act Technical Advisory Committee, has responded to the development, highlighting its implications. Public suggestions have also emerged advocating for Namibia to adopt a similar two-pot retirement system. Dr. Zamuee said that these suggestions, alongside other proposals and […]