Making sense of the proposed two-pot retirement system
Where I Am? | Viewer ==> Making sense of the proposed two-pot retirement system

Allan Gray Unit Trust Management

  Allan Gray Unit Trust Management   Q1 of 2023 | 4 years ago

Under the current regime, if a member of an occupational pension or provident fund leaves their job, they are able to withdraw the full balance of their savings in the fund, subject to tax. Sometimes this money is desperately needed, especially when an employee is dismissed or retrenched and has no other source of income. However, even when changing jobs with no reduction in income, the vast majority of South Africans choose to cash out their pension or provident fund savings.


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Did You Know ?

The operation licence of Stringfellow Asset Management was revoked after it was found operating an illegal investment ponzi scheme. Stringfellow was established by Thomas Stringfellow.

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Asset manager Investment Solutions was rebranded Alex Forbes Investments in 2017.

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Please note that unit trusts investmets are generally classified as long-term investment products not suitable for trading and speculation.