Parliament’s Standing Committee on Finance voted against Treasury’s proposal to postpone the effective start date of the two-pot retirement system. They insist on the originally set date of March 1 next year.
Treasury suggested the postponement due to the retirement-fund industry’s lack of readiness. A conversation between the parliamentary standing finance committee and the finance minister is needed to determine the ultimate effective date.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: