Retirement Reform Discussion Papers for comment

The National Treasury has published two papers on proposed further retirement reforms for public comment. The papers are Encouraging South African households to save more for retirement, and Governance of umbrella funds.  The first paper proposes " boosting household savings by increasing preservation before retirement and increasing flexibility through partial access to retirement funds through a “two-pot” system. " and the second paper "seeks to improve governance in retirement funds in general, but particularly for commercial umbrella funds."