100 REI MAGAZINE JULY
Demystifying South Africa ’ s new two-pot Retirement System :
Basics and Beyond
By Phil Le Feuvre
There ’ s already a lot of confusion about what the two-pot system is and how it will work . Fund members , remuneration practitioners , unions and other stakeholders are all seeking answers ahead of its implementation on 1 September this year .
Even fund administrators need information - albeit of a more technical nature - to ensure they and their operations are ready in time .