National Treasury released the Draft Regulations of the Retirement Reform: Lowering charges and Improving Market Conduct in July 2015. This is a step by the National Treasury towards implementing proposals that aim to lower charges and improve market conduct in the retirement industry.
Submissions are invited on the form and content of this regulation. Please send all comments before the 30 September 2015, to Ms Alvinah Thela, Director: Retirement Funds, National Treasury, Private Bag X115, Pretoria, 0001. Submissions may also be submitted by fax to (012) 315 5206 or by email to retirement.reform@treasury.gov.za.
To read the full press release, click here. To read the explanatory memo, click here.