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Retirement fund savings belong to you, the fund member. That was the message from National Treasury at a high-level conference on how to turn South Africa into a nation of savers and how to put your savings to work to drive economic growth. In Europe, retirement funds are being eyed as a way to bail out fragile banks, but National Treasury says your retirement savings are not easy money to get others out of a fix. Personal Finance reports on the government’s and the financial services industry’s current thinking on how to foster a culture of saving, including how government proposes to implement the mandatory preservation of retirement savings.
Also in our weekend print edition:
* Offshore investment product enables the wealthy to pay less tax
* Regulation could change how you relate to your financial planner
Personal Finance is published every Saturday in the Pretoria News Weekend, the Saturday Star, The Independent on Saturday and the Weekend Argus.