50% of consumers dip into retirement funds amid financial strain
As financial pressures mount, Nzwa Shoniwa, managing executive director of Umbrella Fund, defines the two-pot retirement system as one for emergencies and not for leisure. #eNCA #DStv403 #QuestionThinkAct
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Unfortunately many SA"ns resign from companies to use pension funds to pay of debt
@ElethuDuna
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The problem is that times are soo tough and that makes people become desperate. At least if they gave 10 to maximum 30% of acces to your retirement savings over the entire savings period. To relieve the pressure. Or allow people to take out interest free loans against their retirement.