Trustees need to ensure that members have access to financial advice

Money, Markets and Masterminds

In this episode, we delve into the essential topic of default regulations and their impact on investors and retirees. We'll explore the significance of these regulations for investment portfolios, the crucial roles of trustees and financial advisers and the strategic setup of the Investment Policy Statement. Discover how these regulations, implemented in March 2019, guide the provision of default investment portfolios and influence retirement savings strategies, including post-retirement products like annuities. Joining us today is Johann Peens, an independent registered financial adviser with the Financial Planning Institute of South Africa. Johann shared his expertise on advising clients about these regulations and ensuring they receive good value for their retirement savings. Tune in to learn how standardised practices can help members retire comfortably and how the two-pot retirement system has made independent advice more important than ever before.