MyMoney Online, The Personal Finance series with Warren Ingram

Treasury delays (some) retirement reforms. Here’s what it means for you…

Treasury has set aside – by two more years – the new requirement that provident fund members must annuitise two thirds of their pension at retirement.

Provident fund members can, at the moment, take their whole benefit as a lump sum at retirement.

The Money Show’s Bruce Whitfield interviewed Galileo Capital Financial Advisor Warren Ingram for his weekly personal finance feature.

Ingram discussed what the delay in retirement reforms means for your pocket.

Scroll down for quotes from the audio below.

You can’t expect returns of 10% or more.

Warren Ingram, Galileo Capital Financial Advisor

January was one of the worst Januaries ever.

Warren Ingram, Galileo Capital Financial Advisor

If Cosatu really cared about their members, they should have accepted this as a no-brainer. It’s like taking their members and shooting them, financially!

Warren Ingram, Galileo Capital Financial Advisor

I agree; there was a lot of miscommunication.

Warren Ingram, Galileo Capital Financial Advisor

Pravin has the second most secure job security in the world, after the Pope.

Warren Ingram, Galileo Capital Financial Advisor

Pravin has lost this battle. I thought he was untouchable!

Warren Ingram, Galileo Capital Financial Advisor

This smacks of cheap politics!

Warren Ingram, Galileo Capital Financial Advisor

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This article first appeared on 702 : Treasury delays (some) retirement reforms. Here’s what it means for you…


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