Pension reforms: Has Cosatu won the battle?

The pension reforms debate has taken another direction following Cabinet's decision to delay the reforms by two years.

Personal finance and consumer journalist Maya Fisher-French on Thursday unpacked whether Cosatu has won the battle against government.

Listen to the conversation below:

Yes, they have won. And one wonders what they have won. If you take a step back from all the political noise, if you take a step back to why all these changes have been brought about, it was to standardise the taxation of retirement fund in South Africa.

Maya Fisher-French, personal finance and consumer journalist

What continues to surprise me is that there is still this belief that people will not be able to access their money when changing jobs and that was not the case at all. I think we have a situation of misinformation and misunderstanding.

Maya Fisher-French, personal finance and consumer journalist

What Cosatu is fighting for, who is actually benefiting from this, is not altogether clear.

Maya Fisher-French, personal finance and consumer journalist

I also found it very interesting that Cosatu has come up with recommendations about how pension funds should be investing in transformation projects and projects for growth.

Maya Fisher-French, personal finance and consumer journalist

This article first appeared on 702 : Pension reforms: Has Cosatu won the battle?


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