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National Treasury has identified some “scandalous” practices in the retirement industry that must be rooted out urgently to bolster your savings. Rather than wait for broader reforms of the retirement industry to be finalised, Treasury has lined up a series of issues that will be the subject of discussion documents, which will be released shortly, a senior official told Parliament. Meanwhile, Parliament has indicated that it will call the Financial Services Board, which regulates how your savings are invested, to account for recent failures to protect investors. Read more about the measures that could protect and enhance your nest egg in Personal Finance.
Also in our weekend print edition:
* Do you have what it takes to be a DIY investor?
* Fund members told “not to worry” about potential R60-million loss.
Personal Finance is published every Saturday in the Pretoria News Weekend, the Saturday Star, The Independent on Saturday and the Weekend Argus.