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PENSION FUND REFORM. Snail's pace.
Byline: Stephen Cranston
PENSION FUND REFORM Snail's pace A mandatory national pension fund was first proposed in February 2007 and finance minister Trevor Manuel promised that it would be up and running by 2010. But 18 months later, it is not yet clear whether people will still be able to contribute to their existing pension funds, or will have to divert their full contributions into the new national scheme. And there is no information about how the scheme will be invested will the private sector manage the money or will it be run by the state-owned Public Investment Corp? Will people have the same rights as now to take out their pension savings early, or will their …
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