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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Retirement Savings

7 Results / Page 1 of 1

Background
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Opinion Pieces

Stakeholder contribution towards pension fund operational efficiency

    Pension funds are essential for the responsible management and safeguarding of members' retirement savings, providing peace of mind through robust communication and awareness efforts. These savings offer financial security, independence, and stability upon retirement, disability, ill-health, and death, while also serving as a cushion in cases such as retrenchment. For pension funds to operate efficiently, contributions must be managed responsibly within regulatory and legislative frameworks, with a focus […]

todaySeptember 17, 2024 8

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Business / Economics

Saving for retirement in South Africa? Four tips to navigate the new pension rules

      By Adrian Saville, University of Pretoria     South Africa is changing its pension laws. The new system is designed to give individuals the opportunity to access only a portion of their retirement funds before they retire in the case of dire need – or even in case of desire. To an extent, this makes sense, given the low savings rate in the country. It forces individuals […]

todayJuly 31, 2024 12

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South Africa

South Africa is changing its retirement rules to help boost country savings: how it will work

      By Adrian Saville, University of Pretoria     A study of 160 countries, spanning 60 years of economic history, establishes that there is no country that has been able to transition from “poor to prosperous” without a high savings rate. And that households - in other words you and me - are one of the most important contributors to a country’s overall level of savings rate. Yet, […]

todayJuly 29, 2024 21

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Opinion Pieces

Understanding Preservation Funds

    A preservation fund is a savings vehicle into which you can transfer your retirement savings, from a retirement fund (pension or provident fund), with the aim of preserving funds for your financial well-being in retirement.  This vehicle is primarily used when people resign or change jobs, which then becomes a tax-free transfer from your existing retirement fund into a preservation fund of your choice. Preservation can either be […]

todayJuly 22, 2024 7

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Business / Economics

Women and finances in Namibia

    By Mignon du Preez, Group Marketing, Public Affairs and Sustainability Executive, Old Mutual Namibia   As we celebrated international Women’s Day on 8 March 2024, a global day of celebrating the socio -economic achievements of women, while honouring the valuable contributions to society, it is important to reflect how far we have come. One aspect that remains important to note is that we still have a long way […]

todayMarch 11, 2024 15

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Opinion Pieces

Can I borrow from my pension?

By Amos Kambonde, Manager Marketing Services at the Government Institutions Pension Fund The question of whether to borrow from one’s pension or not is one of the questions many members of pension funds ask regularly. Section 19(5) of the Pension Fund Act, 1956 (Act No. 24 of 1956) makes provision for members of pension funds to borrow either directly or against their pension fund savings for the purpose of purchasing […]

todayNovember 30, 2023 21

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Business / Economics

Understanding the Financial Landscape of Namibia: Insights from the Old Mutual Financial Services Monitor

In a time of economic uncertainty, Old Mutual Namibia remains committed to gaining a deeper understanding of the financial behaviours and attitudes of Namibians. Yesterday Old Mutual Namibia launched its Old Mutual Financial Services Monitor (OMFSM), an annual study, which offers invaluable insights by focusing on a key cohort in society, namely employed Namibians, who account for about 28% of the Namibian population, aged between 18 to 65 with an […]

todayNovember 1, 2023 6

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