The retirement funds Industry has undergone numerous changes over the past number of years and further changes are expected in the near future.
The industry continues to be impacted by regulatory changes and improvements including accounting standards developments, actuarial guidelines, and enhanced risk management and compliance requirements.
We have a dedicated retirement funds industry group with extensive experience in providing services to both retirement funds and administrators. We have a considerable skills base in South Africa and have an in depth knowledge of the functions and operations within the Industry.
Assurance and accounting services
While retirement funds do not incur income tax or dividends tax they are affected by input VAT and there may be scope to ensure that the impact of this cost is not in excess of what is required.