The umbrella fund arrangement is more commercial than is the case with standalone funds, where the employer has traditionally played a paternal role.
A provident fund is providing benefits for its members in more ways than one.
More than a quarter of working South Africans have no formal retirement savings, according to the 2017 Old Mutual Corporate Retirement Monitor.
The best way to duck dividends tax is by contributing to your retirement fund.
If you are looking at a retirement annuity in which to top up your retirement fund contributions, there are two types you can choose from.
Two-thirds of women and 40 percent of men work for less than 20 years of their lives, research by the Helen Suzman Foundation estimates.
Spending a significant amount of your salary on looking after your extended family affects your ability to save for your future.
If you must choose between saving for retirement and saving for your child's education, do the former, advises a financial planner