n Personal Finance Newsletter - Let's talk about umbrella fund fees : retirement planning
|Article Title||Let's talk about umbrella fund fees : retirement planning|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Apr 2016|
|Pages||10 - 11|
Umbrella funds are slowly taking over as the retirement savings vehicle of choice in South Africa. The regulators have a stated objective of reducing the number of stand-alone employer-sponsored retirement funds by encouraging their closure, with retirement benefits being provided instead by umbrella retirement funds sponsored by financial services institutions.
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